BLB&B Advisors LLC maintained its stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,313 shares of the wireless technology company’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in QUALCOMM were worth $1,566,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Jacobi Capital Management LLC boosted its stake in shares of 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 during the last quarter. Alpha Windward LLC boosted its stake in shares of QUALCOMM by 6.1% in the second quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock worth $148,000 after buying an additional 153 shares during the last quarter. American National Bank boosted its stake in shares of 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 during the last quarter. Welch Group LLC boosted its stake in shares of 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 during the last quarter. Finally, Commonwealth Financial Services LLC boosted its stake in shares of 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 during the last quarter. Institutional investors own 76.61% of the company’s stock.
Shares of QUALCOMM Incorporated (NASDAQ QCOM) traded up 0.7761% on Friday, hitting $52.7462. The company’s stock had a trading volume of 2,424,653 shares. QUALCOMM Incorporated has a 52 week low of $51.05 and a 52 week high of $71.62. The company has a market cap of $77.86 billion, a price-to-earnings ratio of 20.2015 and a beta of 1.29. The stock’s 50 day moving average is $54.58 and its 200-day moving average is $55.62.
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, topping the consensus estimate of $0.81 by $0.02. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the previous year, the company posted $1.16 EPS. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that QUALCOMM Incorporated will post $4.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Monday, August 28th. QUALCOMM’s dividend payout ratio (DPR) is currently 87.36%.
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A number of brokerages have recently weighed in on QCOM. UBS AG reaffirmed a “neutral” rating and issued a $58.00 price objective on shares of QUALCOMM in a research note on Tuesday, May 2nd. Zacks Investment Research raised QUALCOMM from a “sell” rating to a “hold” rating in a research note on Tuesday. Northland Securities cut QUALCOMM from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $75.00 to $62.50 in a research note on Wednesday, June 28th. BidaskClub cut QUALCOMM from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of QUALCOMM in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.96.
In other QUALCOMM news, EVP Michelle M. Sterling sold 5,509 shares of QUALCOMM stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $59.11, for a total transaction of $325,636.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Derek K. Aberle sold 22,251 shares of QUALCOMM stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $57.59, for a total transaction of $1,281,435.09. Following the sale, the president now directly owns 28,959 shares of the company’s stock, valued at approximately $1,667,748.81. The disclosure for this sale can be found here. Insiders have sold a total of 52,101 shares of company stock valued at $2,955,612 in the last three months. Company insiders own 0.17% 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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