Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 354,661 shares of the wireless technology company’s stock after buying an additional 7,949 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in QUALCOMM were worth $18,386,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Westwood Holdings Group Inc. acquired a new stake in QUALCOMM during the 2nd quarter worth about $114,000. Krilogy Financial LLC grew its position in QUALCOMM by 47.0% during the 2nd quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock worth $129,000 after purchasing an additional 745 shares during the period. Capstone Investment Advisors Netherlands B.V. acquired a new stake in QUALCOMM during the 2nd quarter worth about $141,000. Jacobi Capital Management LLC grew its position in QUALCOMM by 7.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock worth $154,000 after purchasing an additional 200 shares during the period. Finally, Penserra Capital Management LLC grew its position in QUALCOMM by 40.7% during the 2nd quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after purchasing an additional 842 shares during the period. Institutional investors own 76.34% of the company’s stock.
QUALCOMM, Inc. (NASDAQ:QCOM) traded down $0.73 during trading on Friday, reaching $66.07. 10,785,479 shares of the company traded hands, compared to its average volume of 8,020,000. QUALCOMM, Inc. has a 12-month low of $48.92 and a 12-month high of $69.28. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.41 and a quick ratio of 3.81. The firm has a market cap of $96,330.00, a P/E ratio of -23.35, a PEG ratio of 1.90 and a beta of 1.38.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.07. The business had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $5.93 billion. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 earnings per share. research analysts predict that QUALCOMM, Inc. will post 3.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 annualized dividend and a dividend yield of 3.45%. QUALCOMM’s dividend payout ratio (DPR) is -80.57%.
QCOM has been the topic of several analyst reports. UBS Group cut their price target on QUALCOMM from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, November 6th. Mizuho restated a “buy” rating on shares of QUALCOMM in a research report on Friday, October 27th. Zacks Investment Research upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating on shares of QUALCOMM in a research report on Thursday, October 12th. Finally, Canaccord Genuity raised their target price on QUALCOMM from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Seventeen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $68.25.
In other QUALCOMM news, EVP Alexander H. Rogers sold 713 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $68.20, for a total value of $48,626.60. Following the completion of the transaction, the executive vice president now owns 10,403 shares in the company, valued at $709,484.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,346 shares of company stock valued at $4,708,304. Insiders own 0.17% of the company’s stock.
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QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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