Bremer Trust National Association decreased its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 41.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,155 shares of the wireless technology company’s stock after selling 2,976 shares during the quarter. Bremer Trust National Association’s holdings in QUALCOMM were worth $215,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. bought a new stake in QUALCOMM during the 2nd quarter worth about $114,000. Krilogy Financial LLC grew its holdings in QUALCOMM by 47.0% during the 2nd quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock worth $129,000 after acquiring an additional 745 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. bought a new stake in QUALCOMM during the 2nd quarter worth about $141,000. Jacobi Capital Management LLC grew its holdings in QUALCOMM by 7.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock worth $154,000 after acquiring an additional 200 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in QUALCOMM by 40.7% during the 2nd quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after acquiring an additional 842 shares during the last quarter. 76.53% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on QCOM. JPMorgan Chase & Co. reissued an “overweight” rating on shares of QUALCOMM in a report on Wednesday, September 6th. UBS Group decreased their price objective on shares of QUALCOMM from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, November 6th. Mizuho reissued a “buy” rating on shares of QUALCOMM in a report on Friday, October 27th. Wells Fargo & Co downgraded shares of QUALCOMM from an “outperform” rating to a “market perform” rating in a research report on Monday, November 6th. Finally, Royal Bank of Canada upgraded shares of QUALCOMM from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $55.00 to $70.00 in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $66.02.
Shares of QUALCOMM, Inc. (QCOM) opened at $64.54 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00. The company has a market cap of $95,422.71, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 1.84 and a beta of 1.39. QUALCOMM, Inc. has a fifty-two week low of $48.92 and a fifty-two week high of $69.28.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.22. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $1.28 EPS. equities analysts anticipate that QUALCOMM, Inc. will post 3.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, November 28th. This represents a $2.28 annualized dividend and a dividend yield of 3.53%. QUALCOMM’s dividend payout ratio is currently 138.18%.
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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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