Capital Investment Advisors LLC increased its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 205,843 shares of the wireless technology company’s stock after acquiring an additional 18,030 shares during the quarter. Capital Investment Advisors LLC’s holdings in QUALCOMM were worth $11,715,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in QCOM. Alliancebernstein L.P. boosted its position in QUALCOMM by 3.3% during the 3rd quarter. Alliancebernstein L.P. now owns 4,215,124 shares of the wireless technology company’s stock worth $303,615,000 after buying an additional 134,469 shares during the period. Teachers Advisors LLC boosted its position in QUALCOMM by 12.9% during the 3rd quarter. Teachers Advisors LLC now owns 3,461,641 shares of the wireless technology company’s stock worth $249,342,000 after buying an additional 396,797 shares during the period. First Hawaiian Bank acquired a new stake in QUALCOMM during the 3rd quarter worth approximately $2,118,000. Montecito Bank & Trust acquired a new stake in QUALCOMM during the 3rd quarter worth approximately $224,000. Finally, Nelson Roberts Investment Advisors LLC boosted its position in QUALCOMM by 45.7% during the 3rd quarter. Nelson Roberts Investment Advisors LLC now owns 141,953 shares of the wireless technology company’s stock worth $10,225,000 after buying an additional 44,500 shares during the period. 89.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:QCOM opened at $55.27 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.40 and a debt-to-equity ratio of 16.56. The stock has a market capitalization of $66.39 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.67 and a beta of 1.40. QUALCOMM, Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $76.50.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 7th. The wireless technology company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.20. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.54 billion. QUALCOMM had a negative net margin of 21.40% and a positive return on equity of 26.21%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. On average, analysts expect that QUALCOMM, Inc. will post 3.53 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Wednesday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.
Several research firms have recently weighed in on QCOM. Zacks Investment Research lowered shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 8th. BidaskClub lowered shares of QUALCOMM from a “hold” rating to a “sell” rating in a research note on Thursday. Evercore ISI reiterated an “in-line” rating and issued a $60.00 price objective (down previously from $68.00) on shares of QUALCOMM in a research note on Monday, January 14th. Stifel Nicolaus lowered their price objective on shares of QUALCOMM from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Thursday, November 8th. Finally, Deutsche Bank lowered their price objective on shares of QUALCOMM to $65.00 and set a “hold” rating for the company in a research note on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. QUALCOMM presently has an average rating of “Hold” and a consensus price target of $68.67.
In other news, EVP Donald J. Rosenberg sold 6,297 shares of the company’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $55.22, for a total transaction of $347,720.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Cristiano R. Amon sold 18,323 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $60.23, for a total value of $1,103,594.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,521 shares of company stock worth $2,030,355. Insiders own 0.24% of the company’s stock.
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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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