Gratus Capital LLC increased its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 15.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 109,669 shares of the wireless technology company’s stock after purchasing an additional 14,872 shares during the quarter. Gratus Capital LLC’s holdings in QUALCOMM were worth $7,021,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QCOM. Vanguard Group Inc. boosted its holdings in QUALCOMM by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 103,484,572 shares of the wireless technology company’s stock valued at $5,714,418,000 after acquiring an additional 1,537,645 shares during the period. FMR LLC boosted its holdings in QUALCOMM by 16.5% during the 2nd quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock valued at $4,446,786,000 after acquiring an additional 11,387,347 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in QUALCOMM by 2.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 25,674,098 shares of the wireless technology company’s stock valued at $1,330,946,000 after acquiring an additional 498,324 shares during the period. Capital International Investors boosted its holdings in QUALCOMM by 41.8% during the 3rd quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock valued at $1,112,250,000 after acquiring an additional 6,322,645 shares during the period. Finally, Northern Trust Corp boosted its holdings in QUALCOMM by 2.6% during the 2nd quarter. Northern Trust Corp now owns 19,519,161 shares of the wireless technology company’s stock valued at $1,077,848,000 after acquiring an additional 499,531 shares during the period. 78.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of QUALCOMM stock opened at $60.62 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.41. The firm has a market capitalization of $89,739.61, a price-to-earnings ratio of -21.34, a P/E/G ratio of 1.89 and a beta of 1.35. QUALCOMM, Inc. has a 12 month low of $48.92 and a 12 month high of $69.28.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $5.93 billion. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 EPS. analysts anticipate that QUALCOMM, Inc. will post 2.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Tuesday, February 27th. QUALCOMM’s dividend payout ratio (DPR) is currently -80.28%.
A number of equities analysts recently issued reports on QCOM shares. Vetr cut QUALCOMM from a “buy” rating to a “hold” rating and set a $69.52 price objective for the company. in a report on Thursday, November 23rd. Stifel Nicolaus cut QUALCOMM from a “buy” rating to a “hold” rating and boosted their price objective for the company from $65.00 to $75.00 in a report on Tuesday, November 28th. ValuEngine upgraded QUALCOMM from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Nomura upgraded QUALCOMM from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $58.00 to $75.00 in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $68.25.
In related news, EVP Alexander H. Rogers sold 713 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $68.20, for a total transaction of $48,626.60. Following the completion of the sale, the executive vice president now directly owns 10,403 shares in the company, valued at approximately $709,484.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James H. Thompson sold 50,126 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $62.66, for a total value of $3,140,895.16. Following the sale, the executive vice president now owns 136,482 shares of the company’s stock, valued at $8,551,962.12. The disclosure for this sale can be found here. Insiders have sold a total of 95,938 shares of company stock valued at $6,137,671 over the last 90 days. 0.17% of the stock is currently owned by company insiders.
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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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