Wisconsin Capital Management LLC acquired a new stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,700 shares of the wireless technology company’s stock, valued at approximately $324,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in QCOM. Banco Santander S.A. increased its holdings in QUALCOMM by 16.3% during the fourth quarter. Banco Santander S.A. now owns 31,419 shares of the wireless technology company’s stock valued at $1,788,000 after buying an additional 4,400 shares during the last quarter. Camelot Portfolios LLC boosted its position in shares of QUALCOMM by 1.9% in the fourth quarter. Camelot Portfolios LLC now owns 11,742 shares of the wireless technology company’s stock worth $668,000 after purchasing an additional 221 shares during the period. Venturi Wealth Management LLC boosted its position in shares of QUALCOMM by 24.3% in the fourth quarter. Venturi Wealth Management LLC now owns 4,271 shares of the wireless technology company’s stock worth $238,000 after purchasing an additional 836 shares during the period. AMG National Trust Bank boosted its position in shares of QUALCOMM by 1.7% in the fourth quarter. AMG National Trust Bank now owns 80,257 shares of the wireless technology company’s stock worth $4,568,000 after purchasing an additional 1,333 shares during the period. Finally, GSA Capital Partners LLP boosted its position in shares of QUALCOMM by 35.8% in the fourth quarter. GSA Capital Partners LLP now owns 5,557 shares of the wireless technology company’s stock worth $316,000 after purchasing an additional 1,466 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the stock. Bank of America set a $67.00 price target on shares of QUALCOMM and gave the stock a “hold” rating in a research report on Tuesday, December 11th. Evercore ISI restated an “in-line” rating and set a $60.00 target price (down previously from $68.00) on shares of QUALCOMM in a research report on Monday, January 14th. BidaskClub upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Zacks Investment Research lowered shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Morgan Stanley upgraded shares of QUALCOMM from an “underweight” rating to an “equal weight” rating in a research report on Thursday, November 15th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.00.
QUALCOMM stock traded up $0.12 during mid-day trading on Friday, reaching $55.40. 270,643 shares of the company’s stock traded hands, compared to its average volume of 14,833,913. The company has a market cap of $67.05 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.73 and a beta of 1.21. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 4.25. QUALCOMM, Inc. has a 12-month low of $48.56 and a 12-month high of $76.50.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.11. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.89 billion. QUALCOMM had a net margin of 10.03% and a return on equity of 36.66%. QUALCOMM’s revenue was down 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. On average, equities research analysts anticipate that QUALCOMM, Inc. will post 3.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Wednesday, March 6th. QUALCOMM’s payout ratio is 77.74%.
In related news, EVP James H. Thompson sold 40,000 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the sale, the executive vice president now owns 62,301 shares of the company’s stock, valued at $3,161,775.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.
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QUALCOMM Company Profile
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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