PARK CIRCLE Co held its position in QUALCOMM Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,500 shares of the wireless technology company’s stock at the end of the 2nd quarter. PARK CIRCLE Co’s holdings in QUALCOMM were worth $580,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in QCOM. Artisan Partners Limited Partnership lifted its holdings in QUALCOMM by 9.0% during the 1st quarter. Artisan Partners Limited Partnership now owns 9,444,032 shares of the wireless technology company’s stock worth $541,521,000 after purchasing an additional 783,394 shares during the last quarter. Legal & General Group Plc lifted its holdings in QUALCOMM by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 7,897,041 shares of the wireless technology company’s stock worth $436,076,000 after purchasing an additional 137,733 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in QUALCOMM by 6.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,334,442 shares of the wireless technology company’s stock worth $405,008,000 after purchasing an additional 439,180 shares during the last quarter. Schroder Investment Management Group lifted its holdings in QUALCOMM by 30.8% during the 1st quarter. Schroder Investment Management Group now owns 6,562,412 shares of the wireless technology company’s stock worth $375,369,000 after purchasing an additional 1,544,792 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in QUALCOMM by 589.4% during the 1st quarter. Nordea Investment Management AB now owns 5,912,226 shares of the wireless technology company’s stock worth $339,007,000 after purchasing an additional 5,054,642 shares during the last quarter. 76.77% of the stock is owned by institutional investors.
Shares of QUALCOMM Incorporated (QCOM) opened at 54.66 on Tuesday. The firm has a 50 day moving average price of $52.44 and a 200-day moving average price of $54.09. The company has a market cap of $80.68 billion, a price-to-earnings ratio of 20.93 and a beta of 1.28. QUALCOMM Incorporated has a 52-week low of $48.92 and a 52-week high of $70.53.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.17%. QUALCOMM’s dividend payout ratio (DPR) is currently 87.36%.
QCOM has been the subject of several research reports. J P Morgan Chase & Co reissued an “overweight” rating on shares of QUALCOMM in a report on Wednesday, September 6th. Zacks Investment Research raised QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Mizuho reissued a “buy” rating on shares of QUALCOMM in a report on Friday. Stifel Nicolaus reissued a “buy” rating on shares of QUALCOMM in a report on Thursday, October 12th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $54.00 price target on shares of QUALCOMM in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $63.80.
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In other news, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $51.88, for a total transaction of $245,911.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 5,837 shares of company stock worth $303,249 over the last ninety days. Insiders own 0.24% of the company’s stock.
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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