Mackenzie Financial Corp purchased a new position in QUALCOMM, Inc. (NASDAQ:QCOM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 329,979 shares of the wireless technology company’s stock, valued at approximately $21,125,000.
Other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. bought a new stake in QUALCOMM in the second quarter worth $114,000. Gradient Investments LLC bought a new stake in QUALCOMM in the fourth quarter worth $120,000. Cerebellum GP LLC bought a new stake in QUALCOMM in the fourth quarter worth $126,000. Krilogy Financial LLC lifted its stake in QUALCOMM by 47.0% in 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 last quarter. Finally, Cable Hill Partners LLC lifted its stake in QUALCOMM by 1,316.7% in 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 last quarter. 77.98% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Matthew S. Grob sold 43,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total transaction of $2,810,050.00. Following the transaction, the executive vice president now owns 43,000 shares in the company, valued at $2,810,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alexander H. Rogers sold 713 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $68.20, for a total transaction of $48,626.60. Following the transaction, the executive vice president now owns 10,403 shares in the company, valued at approximately $709,484.60. The disclosure for this sale can be found here. Insiders have sold 95,682 shares of company stock worth $6,116,080 in the last quarter. 0.17% of the stock is owned by corporate insiders.
Shares of NASDAQ QCOM opened at $53.12 on Friday. QUALCOMM, Inc. has a 1 year low of $48.92 and a 1 year high of $69.28. 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 stock has a market cap of $81,405.16, a P/E ratio of 14.05, a P/E/G ratio of 1.71 and a beta of 1.44.
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 consensus estimate of $0.91 by $0.07. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The company had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $5.93 billion. During the same quarter in the previous year, the company earned $1.19 earnings per share. QUALCOMM’s quarterly revenue was up 1.7% on a year-over-year basis. equities analysts predict that QUALCOMM, Inc. will post 2.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Tuesday, February 27th. QUALCOMM’s dividend payout ratio is currently 60.32%.
A number of equities analysts have issued reports on QCOM shares. Macquarie boosted their price objective on shares of QUALCOMM from $55.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Canaccord Genuity boosted their price objective on shares of QUALCOMM from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Mizuho restated a “buy” rating and issued a $75.00 price objective (up previously from $65.00) on shares of QUALCOMM in a research report on Wednesday, January 17th. ValuEngine cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, KeyCorp boosted their price objective on shares of QUALCOMM from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. QUALCOMM has an average rating of “Hold” and an average price target of $67.78.
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QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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