LSV Asset Management Buys 4,300 Shares of QUALCOMM, Inc. (QCOM)

LSV Asset Management raised its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,600 shares of the wireless technology company’s stock after buying an additional 4,300 shares during the quarter. LSV Asset Management’s holdings in QUALCOMM were worth $2,196,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Granite Point Capital Management L.P. bought a new stake in shares of QUALCOMM in the 4th quarter worth $455,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of QUALCOMM by 12.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 98,060 shares of the wireless technology company’s stock worth $5,581,000 after purchasing an additional 11,078 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of QUALCOMM by 15.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 77,204 shares of the wireless technology company’s stock worth $4,392,000 after purchasing an additional 10,180 shares in the last quarter. Epstein & White Financial LLC increased its holdings in shares of QUALCOMM by 34.4% in the 4th quarter. Epstein & White Financial LLC now owns 9,752 shares of the wireless technology company’s stock worth $555,000 after purchasing an additional 2,495 shares in the last quarter. Finally, Flossbach Von Storch AG increased its holdings in shares of QUALCOMM by 69.6% in the 4th quarter. Flossbach Von Storch AG now owns 212,000 shares of the wireless technology company’s stock worth $12,065,000 after purchasing an additional 87,000 shares in the last quarter. Institutional investors and hedge funds own 87.69% of the company’s stock.

In other news, President Cristiano R. Amon sold 18,323 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $60.23, for a total value of $1,103,594.29. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James H. Thompson sold 40,000 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $50.75, for a total value of $2,030,000.00. Following the completion of the transaction, the executive vice president now owns 62,301 shares in the company, valued at $3,161,775.75. The disclosure for this sale can be found here. Insiders have sold 67,371 shares of company stock worth $3,658,469 over the last quarter. 0.11% of the stock is owned by company insiders.

Several analysts recently commented on QCOM shares. BidaskClub lowered QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 29th. Barclays reaffirmed a “buy” rating and issued a $70.00 price objective on shares of QUALCOMM in a report on Friday, January 18th. Mizuho cut their price objective on QUALCOMM from $66.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 31st. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $65.00 price objective (down previously from $75.00) on shares of QUALCOMM in a report on Thursday, January 31st. Finally, UBS Group reaffirmed a “neutral” rating and issued a $55.00 price objective (down previously from $64.00) on shares of QUALCOMM in a report on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $66.00.

NASDAQ QCOM opened at $52.35 on Friday. The firm has a market cap of $63.36 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.65 and a beta of 1.17. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 4.25. QUALCOMM, Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $76.50.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.11. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. QUALCOMM’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. On average, equities research analysts anticipate that QUALCOMM, Inc. will post 3.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, March 6th. This represents a $2.48 annualized dividend and a yield of 4.74%. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.

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About QUALCOMM

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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