High Pointe Capital Management LLC maintained its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,730 shares of the wireless technology company’s stock at the end of the first quarter. QUALCOMM comprises 1.5% of High Pointe Capital Management LLC’s holdings, making the stock its 26th largest position. High Pointe Capital Management LLC’s holdings in QUALCOMM were worth $959,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Tdam USA Inc. increased its stake in shares of QUALCOMM by 1.2% in the first quarter. Tdam USA Inc. now owns 243,906 shares of the wireless technology company’s stock worth $13,985,000 after buying an additional 2,986 shares during the period. Baker Chad R increased its stake in shares of QUALCOMM by 5.9% in the first quarter. Baker Chad R now owns 24,350 shares of the wireless technology company’s stock worth $1,397,000 after buying an additional 1,350 shares during the period. Smith Salley & Associates purchased a new stake in shares of QUALCOMM during the first quarter worth approximately $3,397,000. First Foundation Advisors increased its stake in shares of QUALCOMM by 0.6% in the first quarter. First Foundation Advisors now owns 269,214 shares of the wireless technology company’s stock worth $15,437,000 after buying an additional 1,503 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of QUALCOMM during the first quarter worth approximately $34,783,000. Institutional investors and hedge funds own 76.59% of the company’s stock.
QUALCOMM Incorporated (QCOM) traded down 1.04% during mid-day trading on Wednesday, reaching $53.31. 7,414,862 shares of the company’s stock traded hands. The stock has a market capitalization of $78.69 billion, a PE ratio of 20.42 and a beta of 1.29. The firm’s 50-day moving average price is $54.24 and its 200 day moving average price is $55.57. QUALCOMM Incorporated has a 12 month low of $51.05 and a 12 month high of $71.62.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.25 billion. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. QUALCOMM’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 earnings per share. Equities research analysts predict that QUALCOMM Incorporated will post $4.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 30th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, August 28th. This represents a $2.28 annualized dividend and a yield of 4.28%. QUALCOMM’s dividend payout ratio (DPR) is currently 87.36%.
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A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Wells Fargo & Company reiterated an “outperform” rating on shares of QUALCOMM in a report on Monday, July 31st. ValuEngine downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Sanford C. Bernstein reiterated a “market perform” rating on shares of QUALCOMM in a report on Tuesday, July 25th. Finally, BidaskClub downgraded shares of QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $63.96.
In other QUALCOMM news, EVP Alexander H. Rogers sold 470 shares of QUALCOMM stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $57.28, for a total transaction of $26,921.60. Following the completion of the transaction, the executive vice president now directly owns 3,049 shares of the company’s stock, valued at $174,646.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Derek K. Aberle sold 23,104 shares of QUALCOMM 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 directly owns 5,855 shares of the company’s stock, valued at $324,249.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,101 shares of company stock valued at $2,955,612. 0.24% of the stock is owned by company insiders.
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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