Wellington Shields Capital Management LLC lowered its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,800 shares of the wireless technology company’s stock after selling 1,000 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in QUALCOMM were worth $243,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Westwood Holdings Group Inc. bought a new position in QUALCOMM during the second quarter worth about $114,000. Cerebellum GP LLC bought a new position in QUALCOMM during the fourth quarter worth about $126,000. Krilogy Financial LLC boosted its position in QUALCOMM by 47.0% during the second 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. bought a new position in QUALCOMM during the second quarter worth about $141,000. Finally, Cable Hill Partners LLC boosted its position in QUALCOMM by 1,316.7% during the third quarter. Cable Hill Partners LLC now owns 3,145 shares of the wireless technology company’s stock worth $163,000 after purchasing an additional 2,923 shares during the period. Institutional investors own 78.11% of the company’s stock.
In related news, EVP Alexander H. Rogers sold 713 shares of the firm’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 sale, the executive vice president now directly owns 10,403 shares of the company’s stock, valued at $709,484.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexander H. Rogers sold 919 shares of the stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $64.32, for a total transaction of $59,110.08. Following the transaction, the executive vice president now owns 11,116 shares in the company, valued at $714,981.12. The disclosure for this sale can be found here. Insiders sold 95,938 shares of company stock worth $6,137,671 over the last ninety days. 0.17% of the stock is currently owned by insiders.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) opened at $60.62 on Friday. The firm has a market cap of $90,050.00, a P/E ratio of -24.74, a P/E/G ratio of 1.87 and a beta of 1.35. 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, Inc. has a one year low of $48.92 and a one year high of $69.28.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $6.10 billion for 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%. QUALCOMM’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $1.19 earnings per share. equities analysts anticipate that QUALCOMM, Inc. will post 2.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s dividend payout ratio is currently -93.06%.
A number of equities analysts have weighed in on the stock. Wells Fargo assumed coverage on shares of QUALCOMM in a research report on Friday. They set a “market perform” rating for the company. Deutsche Bank assumed coverage on shares of QUALCOMM in a research report on Thursday. They set a “hold” rating and a $60.00 target price for the company. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $74.63 price target on the stock in a report on Friday, January 26th. Mizuho reissued a “buy” rating and issued a $75.00 price target (up from $65.00) on shares of QUALCOMM in a report on Wednesday, January 17th. Finally, Northland Securities reissued a “buy” rating and issued a $75.00 price target on shares of QUALCOMM in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.25.
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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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