Fulton Bank N.A. lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,666 shares of the wireless technology company’s stock after purchasing an additional 315 shares during the quarter. Fulton Bank N.A.’s holdings in QUALCOMM were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xcel Wealth Management LLC boosted its stake in QUALCOMM by 1.2% during the fourth quarter. Xcel Wealth Management LLC now owns 5,934 shares of the wireless technology company’s stock worth $903,000 after buying an additional 70 shares in the last quarter. PDS Planning Inc boosted its position in shares of QUALCOMM by 3.9% during the 4th quarter. PDS Planning Inc now owns 1,867 shares of the wireless technology company’s stock valued at $284,000 after acquiring an additional 70 shares in the last quarter. Bedel Financial Consulting Inc. increased its stake in QUALCOMM by 19.5% in the fourth quarter. Bedel Financial Consulting Inc. now owns 459 shares of the wireless technology company’s stock valued at $70,000 after acquiring an additional 75 shares during the period. Intrust Bank NA increased its stake in QUALCOMM by 0.6% in the fourth quarter. Intrust Bank NA now owns 12,303 shares of the wireless technology company’s stock valued at $1,874,000 after acquiring an additional 76 shares during the period. Finally, Liberty Wealth Management LLC raised its position in QUALCOMM by 12.4% in the fourth quarter. Liberty Wealth Management LLC now owns 699 shares of the wireless technology company’s stock worth $112,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 74.76% of the company’s stock.
QCOM stock traded up $0.69 during midday trading on Thursday, reaching $140.12. The stock had a trading volume of 62,312 shares, compared to its average volume of 10,771,538. The firm has a market cap of $159.18 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 1.27 and a beta of 1.34. QUALCOMM Incorporated has a twelve month low of $70.00 and a twelve month high of $167.94. The company has a quick ratio of 1.84, a current ratio of 2.14 and a debt-to-equity ratio of 2.51. The business has a fifty day simple moving average of $134.50 and a two-hundred day simple moving average of $140.16.
QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, February 3rd. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.07. The company had revenue of $8.24 billion for the quarter, compared to analyst estimates of $8.26 billion. QUALCOMM had a net margin of 22.09% and a return on equity of 90.74%. The company’s revenue for the quarter was up 62.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. On average, equities analysts predict that QUALCOMM Incorporated will post 6.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 4th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Wednesday, March 3rd. QUALCOMM’s payout ratio is 77.84%.
A number of equities analysts have recently issued reports on QCOM shares. Mizuho increased their target price on QUALCOMM from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, February 4th. KeyCorp increased their price objective on QUALCOMM from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 6th. Standpoint Research cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Friday, December 11th. Barclays upped their target price on shares of QUALCOMM from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 26th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. cut their price target on shares of QUALCOMM from $185.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, March 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $160.88.
QUALCOMM Company Profile
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
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