Capital Advisors Inc. OK increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,196 shares of the wireless technology company’s stock after acquiring an additional 21,183 shares during the period. Capital Advisors Inc. OK’s holdings in QUALCOMM were worth $12,656,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Jacobi Capital Management LLC lifted its stake in QUALCOMM by 10.8% during the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock valued at $145,000 after purchasing an additional 250 shares during the last quarter. Alpha Windward LLC lifted its stake in QUALCOMM by 6.1% during the second quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock valued at $148,000 after purchasing an additional 153 shares during the last quarter. Penserra Capital Management LLC lifted its stake in QUALCOMM by 40.7% during the second quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock valued at $160,000 after purchasing an additional 842 shares during the last quarter. American National Bank lifted its stake in QUALCOMM by 28.7% during the second quarter. American National Bank now owns 3,637 shares of the wireless technology company’s stock valued at $201,000 after purchasing an additional 812 shares during the last quarter. Finally, Ronald Blue & Co. LLC lifted its stake in QUALCOMM by 0.5% during the second quarter. Ronald Blue & Co. LLC now owns 3,760 shares of the wireless technology company’s stock valued at $208,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.
In related news, EVP Matthew S. Grob sold 20,000 shares of QUALCOMM stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $60.44, for a total transaction of $1,208,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The disclosure for this sale can be found here. Insiders have sold a total of 25,837 shares of company stock valued at $1,512,049 over the last three months. 0.24% of the stock is currently owned by insiders.
QCOM has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of QUALCOMM from $55.00 to $57.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. J P Morgan Chase & Co reissued an “overweight” rating on shares of QUALCOMM in a research note on Wednesday, September 6th. Mizuho restated a “buy” rating on shares of QUALCOMM in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus restated a “buy” rating on shares of QUALCOMM in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $65.42.
QUALCOMM Incorporated (NASDAQ QCOM) opened at $66.49 on Tuesday. The company has a market cap of $95,186.84, a PE ratio of 17.08, a PEG ratio of 1.81 and a beta of 1.26. QUALCOMM Incorporated has a 1-year low of $48.92 and a 1-year high of $70.24. The company has a current ratio of 4.00, a quick ratio of 3.81 and a debt-to-equity ratio of 0.63.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.28 EPS. research analysts anticipate that QUALCOMM Incorporated will post 3.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.43%. The ex-dividend date is Tuesday, November 28th. QUALCOMM’s dividend payout ratio is currently 138.18%.
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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