Thompson Siegel & Walmsley LLC grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 286,087 shares of the wireless technology company’s stock after buying an additional 20,610 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in QUALCOMM were worth $15,797,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in QCOM. AMG National Trust Bank raised its position in QUALCOMM by 10.8% during the 1st quarter. AMG National Trust Bank now owns 70,057 shares of the wireless technology company’s stock worth $4,017,000 after buying an additional 6,840 shares during the last quarter. HPM Partners LLC purchased a new position in QUALCOMM during the 1st quarter worth $3,035,000. Pekin Singer Strauss Asset Management IL purchased a new position in QUALCOMM during the 1st quarter worth $609,000. Insight 2811 Inc. raised its position in QUALCOMM by 5.6% during the 1st quarter. Insight 2811 Inc. now owns 18,590 shares of the wireless technology company’s stock worth $1,066,000 after buying an additional 990 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its position in QUALCOMM by 2.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 27,446 shares of the wireless technology company’s stock worth $1,574,000 after buying an additional 696 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.
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QUALCOMM Incorporated (NASDAQ QCOM) opened at $61.81 on Friday. QUALCOMM Incorporated has a 1-year low of $48.92 and a 1-year high of $70.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 2.73. The company has a market cap of $91,118.14, a P/E ratio of 16.35, a P/E/G ratio of 2.00 and a beta of 1.26.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter last year, the firm posted $1.28 earnings per share. QUALCOMM’s revenue for the quarter was down 3.5% compared to the same quarter last year. equities analysts expect that QUALCOMM Incorporated will post 3.3 EPS for the current fiscal year.
The firm 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 $0.57 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 3.69%. QUALCOMM’s payout ratio is 138.18%.
A number of equities analysts have recently issued reports on QCOM shares. Canaccord Genuity increased their price target on shares of QUALCOMM from $70.00 to $76.00 and gave the company a “buy” rating in a report on Thursday. ValuEngine downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub downgraded shares of QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $54.00 price target on shares of QUALCOMM in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $63.80.
In other news, EVP Michelle M. Sterling sold 4,740 shares of QUALCOMM stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 5,837 shares of company stock worth $303,249 in the last 90 days. 0.17% of the stock is currently owned by 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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