HM Payson & Co. raised its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,253 shares of the wireless technology company’s stock after purchasing an additional 162 shares during the period. HM Payson & Co.’s holdings in QUALCOMM were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of QCOM. Xcel Wealth Management LLC increased its holdings in shares of QUALCOMM by 1.2% in the 4th quarter. Xcel Wealth Management LLC now owns 5,934 shares of the wireless technology company’s stock valued at $903,000 after acquiring an additional 70 shares during the period. PDS Planning Inc grew its stake in QUALCOMM by 3.9% during the 4th quarter. PDS Planning Inc now owns 1,867 shares of the wireless technology company’s stock worth $284,000 after buying an additional 70 shares during the last quarter. Bedel Financial Consulting Inc. grew its stake in QUALCOMM by 19.5% during the 4th quarter. Bedel Financial Consulting Inc. now owns 459 shares of the wireless technology company’s stock worth $70,000 after buying an additional 75 shares during the last quarter. Intrust Bank NA grew its stake in QUALCOMM by 0.6% during the 4th quarter. Intrust Bank NA now owns 12,303 shares of the wireless technology company’s stock worth $1,874,000 after buying an additional 76 shares during the last quarter. Finally, Liberty Wealth Management LLC grew its stake in QUALCOMM by 12.4% during the 4th quarter. Liberty Wealth Management LLC now owns 699 shares of the wireless technology company’s stock worth $112,000 after buying an additional 77 shares during the last quarter. 74.76% of the stock is owned by institutional investors and hedge funds.
Shares of QUALCOMM stock opened at $139.43 on Thursday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.84 and a current ratio of 2.14. The stock has a 50 day moving average of $134.50 and a 200 day moving average of $140.16. QUALCOMM Incorporated has a fifty-two week low of $70.00 and a fifty-two week high of $167.94. The firm has a market capitalization of $158.39 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 1.27 and a beta of 1.34.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 3rd. The wireless technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.07. QUALCOMM had a return on equity of 90.74% and a net margin of 22.09%. The company had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The firm’s revenue was up 62.2% compared to the same quarter last year. Analysts forecast that QUALCOMM Incorporated will post 6.33 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 4th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Wednesday, March 3rd. QUALCOMM’s dividend payout ratio (DPR) is 77.84%.
Several research analysts recently weighed in on QCOM shares. Royal Bank of Canada boosted their target price on QUALCOMM from $126.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 4th. Deutsche Bank Aktiengesellschaft boosted their price target on QUALCOMM from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, February 4th. Raymond James boosted their price target on QUALCOMM from $150.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 19th. KeyCorp boosted their price target on QUALCOMM from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, January 6th. Finally, Morgan Stanley dropped their price target on QUALCOMM from $171.00 to $167.00 and set an “overweight” rating on the stock in a research note on Thursday, February 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $160.88.
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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