First National Trust Co decreased its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 39.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 48,187 shares of the wireless technology company’s stock after selling 31,025 shares during the period. First National Trust Co’s holdings in QUALCOMM were worth $3,085,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. First Personal Financial Services lifted its holdings in shares of QUALCOMM by 342.4% during the second quarter. First Personal Financial Services now owns 5,950 shares of the wireless technology company’s stock worth $329,000 after purchasing an additional 4,605 shares during the period. Windsor Financial Group LLC lifted its holdings in shares of QUALCOMM by 2.7% during the second quarter. Windsor Financial Group LLC now owns 80,889 shares of the wireless technology company’s stock worth $4,467,000 after purchasing an additional 2,125 shares during the period. Nikko Asset Management Americas Inc. lifted its holdings in shares of QUALCOMM by 68.7% during the second quarter. Nikko Asset Management Americas Inc. now owns 134,800 shares of the wireless technology company’s stock worth $7,444,000 after purchasing an additional 54,900 shares during the period. Blair William & Co. IL lifted its holdings in shares of QUALCOMM by 0.7% during the second quarter. Blair William & Co. IL now owns 307,782 shares of the wireless technology company’s stock worth $16,996,000 after purchasing an additional 2,108 shares during the period. Finally, First Eagle Investment Management LLC acquired a new stake in shares of QUALCOMM during the second quarter worth about $82,556,000. Institutional investors and hedge funds own 75.68% of the company’s stock.
A number of equities research analysts recently commented on the company. KeyCorp lifted their target price on QUALCOMM from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Canaccord Genuity lifted their target price on QUALCOMM from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Vetr downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 target price for the company. in a report on Thursday, February 1st. ValuEngine raised QUALCOMM from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein reaffirmed a “hold” rating on shares of QUALCOMM in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. QUALCOMM currently has a consensus rating of “Hold” and a consensus price target of $68.25.
In other news, EVP Michelle M. Sterling sold 7,840 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total value of $521,830.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alexander H. Rogers sold 713 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 10,403 shares of the company’s stock, valued at $709,484.60. The disclosure for this sale can be found here. Insiders sold 53,346 shares of company stock valued at $3,499,504 over the last three months. 0.17% of the stock is currently owned by corporate insiders.
QUALCOMM, Inc. (QCOM) opened at $65.28 on Friday. QUALCOMM, Inc. has a twelve month low of $48.92 and a twelve month high of $69.28. The stock has a market capitalization of $96,640.00, a P/E ratio of -26.64, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.41 and a quick ratio of 3.25.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The company had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same period in the previous year, the company posted $1.19 earnings per share. QUALCOMM’s revenue for the quarter was up 1.7% on a year-over-year basis. equities research analysts predict that QUALCOMM, Inc. will post 2.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Tuesday, February 27th. QUALCOMM’s payout ratio is presently -93.06%.
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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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