Alpha Windward LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,680 shares of the wireless technology company’s stock after buying an additional 153 shares during the period. Alpha Windward LLC’s holdings in QUALCOMM were worth $148,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of QCOM. Jacobi Capital Management LLC increased its position in QUALCOMM by 10.8% in the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock worth $145,000 after buying an additional 250 shares in the last quarter. American National Bank increased its position in QUALCOMM by 41.0% in the first quarter. American National Bank now owns 2,825 shares of the wireless technology company’s stock worth $162,000 after buying an additional 822 shares in the last quarter. Welch Group LLC increased its position in QUALCOMM by 2.3% in the first quarter. Welch Group LLC now owns 3,037 shares of the wireless technology company’s stock worth $174,000 after buying an additional 69 shares in the last quarter. Advantage Investment Management LLC bought a new position in QUALCOMM during the fourth quarter worth approximately $200,000. Finally, Commonwealth Financial Services LLC increased its position in QUALCOMM by 499.5% in the first quarter. Commonwealth Financial Services LLC now owns 3,627 shares of the wireless technology company’s stock worth $205,000 after buying an additional 3,022 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.
QUALCOMM Incorporated (NASDAQ QCOM) opened at 52.29 on Wednesday. The company has a 50 day moving average price of $55.08 and a 200-day moving average price of $55.95. QUALCOMM Incorporated has a 52-week low of $51.05 and a 52-week high of $71.62. The firm has a market cap of $77.18 billion, a price-to-earnings ratio of 20.03 and a beta of 1.29. QUALCOMM also was the target of some unusual options trading on Monday. Traders bought 21,472 put options on the stock. This represents an increase of approximately 152% compared to the average volume of 8,513 put options.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 19th. The wireless technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. QUALCOMM’s revenue for the quarter was down 11.1% on a year-over-year basis. Equities research analysts anticipate that QUALCOMM Incorporated will post $4.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, August 28th. This represents a $2.28 dividend on an annualized basis and a yield of 4.36%. QUALCOMM’s payout ratio is 87.36%.
QCOM has been the subject of a number of research analyst reports. Mizuho reaffirmed a “buy” rating and set a $75.00 price objective on shares of QUALCOMM in a research note on Tuesday, April 11th. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Stifel Nicolaus reissued a “buy” rating and set a $64.00 target price on shares of QUALCOMM in a research report on Monday, April 17th. Rosenblatt Securities cut QUALCOMM from a “buy” rating to a “neutral” rating and set a $56.00 price target for the company. in a report on Wednesday, April 19th. Finally, Cowen and Company restated an “outperform” rating and issued a $73.00 price target on shares of QUALCOMM in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $63.96.
In other news, President Derek K. Aberle sold 23,104 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $55.38, for a total value of $1,279,499.52. Following the transaction, the president now owns 5,855 shares of the company’s stock, valued at $324,249.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann M. Livermore bought 9,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average price of $54.59 per share, with a total value of $491,310.00. The disclosure for this purchase can be found here. Insiders have sold a total of 62,802 shares of company stock worth $3,544,381 in the last three months. Insiders own 0.24% of the company’s stock.
QUALCOMM Company Profile
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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