B & T Capital Management DBA Alpha Capital Management increased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 9.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 35,505 shares of the wireless technology company’s stock after buying an additional 3,088 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in QUALCOMM were worth $1,961,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Quantum Capital Management boosted its position in QUALCOMM by 1.1% in the fourth quarter. Quantum Capital Management now owns 14,411 shares of the wireless technology company’s stock worth $940,000 after buying an additional 152 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of QUALCOMM by 6.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 6,686 shares of the wireless technology company’s stock worth $436,000 after buying an additional 423 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in shares of QUALCOMM by 63.0% in the fourth quarter. Greenwood Capital Associates LLC now owns 73,058 shares of the wireless technology company’s stock worth $4,763,000 after buying an additional 28,227 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of QUALCOMM during the fourth quarter worth approximately $17,588,000. Finally, ARK Investment Management LLC acquired a new stake in shares of QUALCOMM during the fourth quarter worth approximately $507,000. 76.61% of the stock is owned by institutional investors.
Shares of QUALCOMM Incorporated (QCOM) traded up 0.73% during trading on Friday, reaching $52.72. The company’s stock had a trading volume of 5,894,208 shares. QUALCOMM Incorporated has a 12 month low of $51.05 and a 12 month high of $71.62. The company’s 50-day moving average is $54.47 and its 200-day moving average is $55.60. The company has a market capitalization of $77.82 billion, a P/E ratio of 20.19 and a beta of 1.29.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.25 billion. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. QUALCOMM’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. On average, analysts forecast that QUALCOMM Incorporated will post $4.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 30th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, August 28th. QUALCOMM’s dividend payout ratio is currently 87.36%.
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QCOM has been the subject of a number of recent analyst reports. ValuEngine downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub downgraded QUALCOMM from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded QUALCOMM from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Northland Securities downgraded QUALCOMM from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $75.00 to $62.50 in a research report on Wednesday, June 28th. Finally, Vetr raised QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $62.13 price objective for the company in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. QUALCOMM has a consensus rating of “Hold” and an average target price of $63.96.
In other QUALCOMM news, 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 transaction of $1,279,499.52. Following the completion of the sale, the president now owns 5,855 shares of the company’s stock, valued at approximately $324,249.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the executive vice president now directly owns 3,049 shares of the company’s stock, valued at approximately $174,646.72. The disclosure for this sale can be found here. In the last three months, insiders sold 52,101 shares of company stock valued at $2,955,612. 0.17% of the stock is currently owned by company insiders.
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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