JT Stratford LLC acquired a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 32,869 shares of the wireless technology company’s stock, valued at approximately $1,815,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of QUALCOMM in the second quarter valued at approximately $141,000. Jacobi Capital Management LLC raised its holdings 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 valued at $145,000 after purchasing an additional 250 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of QUALCOMM by 40.7% in 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. FNY Partners Fund LP raised its holdings in shares of QUALCOMM by 102.0% in the second quarter. FNY Partners Fund LP now owns 3,100 shares of the wireless technology company’s stock valued at $171,000 after purchasing an additional 1,565 shares during the last quarter. Finally, American National Bank raised its holdings in shares of QUALCOMM by 28.7% in 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. Institutional investors own 76.66% of the company’s stock.
A number of research firms have recently issued reports on QCOM. Vetr upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, November 27th. Stifel Nicolaus cut shares of QUALCOMM from a “buy” rating to a “hold” rating and raised their target price for the company from $65.00 to $75.00 in a research note on Tuesday, November 28th. Sanford C. Bernstein reissued a “hold” rating on shares of QUALCOMM in a research note on Monday, November 13th. Royal Bank Of Canada raised their target price on shares of QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Finally, ValuEngine raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $66.02.
QUALCOMM Incorporated (QCOM) opened at $65.49 on Monday. 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 Incorporated has a 52-week low of $48.92 and a 52-week high of $70.24. The company has a market cap of $96,543.06, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.37.
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 the Zacks’ 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 during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. equities analysts predict that QUALCOMM Incorporated will post 3.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a yield of 3.48%. QUALCOMM’s dividend payout ratio (DPR) is 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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