Zeke Capital Advisors LLC lessened its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,390 shares of the wireless technology company’s stock after selling 1,844 shares during the quarter. QUALCOMM accounts for about 0.7% of Zeke Capital Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Zeke Capital Advisors LLC’s holdings in QUALCOMM were worth $7,485,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in QCOM. HL Financial Services LLC boosted its holdings in QUALCOMM by 0.6% during the first quarter. HL Financial Services LLC now owns 20,371 shares of the wireless technology company’s stock worth $1,162,000 after purchasing an additional 128 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in QUALCOMM by 5.2% during the second quarter. Lindbrook Capital LLC now owns 2,821 shares of the wireless technology company’s stock worth $214,000 after purchasing an additional 139 shares during the last quarter. Harrington Investments INC boosted its holdings in QUALCOMM by 1.1% during the first quarter. Harrington Investments INC now owns 13,751 shares of the wireless technology company’s stock worth $784,000 after purchasing an additional 150 shares during the last quarter. Evolution Wealth Advisors LLC boosted its holdings in QUALCOMM by 4.6% during the first quarter. Evolution Wealth Advisors LLC now owns 3,518 shares of the wireless technology company’s stock worth $201,000 after purchasing an additional 154 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in QUALCOMM by 2.5% during the second quarter. Quadrant Capital Group LLC now owns 6,419 shares of the wireless technology company’s stock worth $474,000 after purchasing an additional 156 shares during the last quarter. Institutional investors own 76.16% of the company’s stock.
Several brokerages recently commented on QCOM. ValuEngine upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. TheStreet upgraded shares of QUALCOMM from a “c+” rating to a “b-” rating in a report on Thursday. BidaskClub upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating in a report on Thursday, July 18th. Cfra set a $80.00 target price on shares of QUALCOMM and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Deutsche Bank reduced their target price on shares of QUALCOMM from $80.00 to $75.00 and set an “in-line” rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $79.93.
In other news, EVP Alexander H. Rogers sold 20,862 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $88.43, for a total value of $1,844,826.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michelle M. Sterling sold 5,560 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $86.44, for a total transaction of $480,606.40. The disclosure for this sale can be found here. Insiders sold 61,931 shares of company stock worth $5,334,769 over the last three months. Insiders own 0.11% of the company’s stock.
NASDAQ QCOM traded down $0.05 on Friday, hitting $71.15. 12,648,805 shares of the stock were exchanged, compared to its average volume of 12,079,326. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.77 and a quick ratio of 1.39. The business has a fifty day simple moving average of $74.44. QUALCOMM, Inc. has a 52 week low of $49.10 and a 52 week high of $90.34. The stock has a market capitalization of $86.55 billion, a P/E ratio of 22.30, a PEG ratio of 1.53 and a beta of 1.62.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.12 billion. QUALCOMM had a net margin of 13.41% and a return on equity of 112.21%. The company’s revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. On average, equities analysts expect that QUALCOMM, Inc. will post 3.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Wednesday, September 11th. QUALCOMM’s payout ratio is presently 77.74%.
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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