Girard Partners LTD. reduced its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 42.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,597 shares of the wireless technology company’s stock after selling 2,680 shares during the period. Girard Partners LTD.’s holdings in QUALCOMM were worth $230,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of QCOM. Cerebellum GP LLC purchased a new stake in QUALCOMM during the fourth quarter valued at approximately $126,000. Westwood Holdings Group Inc. purchased a new stake in QUALCOMM during the second quarter valued at approximately $114,000. Krilogy Financial LLC raised 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 valued at $129,000 after purchasing an additional 745 shares during the period. Capstone Investment Advisors Netherlands B.V. purchased a new stake in QUALCOMM during the second quarter valued at approximately $141,000. Finally, Cable Hill Partners LLC raised 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 valued at $163,000 after purchasing an additional 2,923 shares during the period. Institutional investors own 77.96% of the company’s stock.
QCOM stock opened at $58.26 on Wednesday. QUALCOMM, Inc. has a 52 week low of $48.92 and a 52 week high of $69.28. The stock has a market capitalization of $89,739.61, a P/E ratio of -20.51, a P/E/G ratio of 1.89 and a beta of 1.35. The company has a quick ratio of 3.25, a current ratio of 3.41 and a debt-to-equity ratio of 0.81.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. The company had revenue of $6.10 billion for 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%. QUALCOMM’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 earnings per share. analysts expect that QUALCOMM, Inc. will post 2.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 3.91%. QUALCOMM’s dividend payout ratio (DPR) is presently -80.28%.
QCOM has been the topic of a number of recent research reports. Vetr upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $74.63 price objective on the stock in a research report on Friday, January 26th. Nomura raised QUALCOMM from a “neutral” rating to a “buy” rating and upped their target price for the company from $58.00 to $75.00 in a research note on Tuesday, January 16th. Canaccord Genuity upped their target price on QUALCOMM from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Mizuho reaffirmed a “buy” rating and set a $75.00 target price (up previously from $65.00) on shares of QUALCOMM in a research note on Wednesday, January 17th. Finally, ValuEngine raised QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $68.05.
In other QUALCOMM news, EVP Alexander H. Rogers sold 919 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $64.32, for a total transaction of $59,110.08. Following the sale, the executive vice president now owns 11,116 shares of the company’s stock, valued at approximately $714,981.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matthew S. Grob sold 43,000 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total value of $2,810,050.00. Following the sale, the executive vice president now directly owns 43,000 shares in the company, valued at approximately $2,810,050. The disclosure for this sale can be found here. Insiders have sold a total of 95,938 shares of company stock worth $6,137,671 in the last ninety days. Insiders own 0.24% 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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