Strategic Wealth Advisors Group LLC bought a new stake in QUALCOMM, Inc. (NASDAQ:QCOM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,175 shares of the wireless technology company’s stock, valued at approximately $927,000.
A number of other institutional investors also recently bought and sold shares of the stock. Lavaca Capital LLC purchased a new position in QUALCOMM in the 4th quarter valued at approximately $25,000. Csenge Advisory Group purchased a new position in QUALCOMM in the 3rd quarter valued at approximately $28,000. Transamerica Financial Advisors Inc. boosted its position in QUALCOMM by 688.5% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 615 shares of the wireless technology company’s stock valued at $35,000 after buying an additional 537 shares during the period. Pearl River Capital LLC purchased a new position in QUALCOMM in the 4th quarter valued at approximately $40,000. Finally, Essex Savings Bank purchased a new position in QUALCOMM in the 4th quarter valued at approximately $48,000. Hedge funds and other institutional investors own 87.69% of the company’s stock.
QCOM traded up $0.72 on Tuesday, reaching $55.07. The company had a trading volume of 2,605,904 shares, compared to its average volume of 15,225,498. QUALCOMM, Inc. has a 1 year low of $48.56 and a 1 year high of $76.50. The stock has a market cap of $64.79 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.54 and a quick ratio of 1.38.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.11. QUALCOMM had a net margin of 10.03% and a return on equity of 36.66%. The firm had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the company earned $0.98 earnings per share. QUALCOMM’s quarterly revenue was down 21.3% compared to the same quarter last year. As a group, equities analysts expect that QUALCOMM, Inc. will post 3.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be given a $0.62 dividend. The ex-dividend date is Wednesday, March 6th. This represents a $2.48 dividend on an annualized basis and a yield of 4.50%. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.
Several equities analysts have commented on the stock. Bank of America set a $67.00 price target on shares of QUALCOMM and gave the company a “hold” rating in a research report on Tuesday, December 11th. Evercore ISI reissued an “in-line” rating and issued a $60.00 price target (down previously from $68.00) on shares of QUALCOMM in a research report on Monday, January 14th. BidaskClub raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Zacks Investment Research cut shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Morgan Stanley raised shares of QUALCOMM from an “underweight” rating to an “equal weight” rating in a research report on Thursday, November 15th. Thirteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $66.00.
In other QUALCOMM news, EVP Donald J. Rosenberg sold 9,048 shares of QUALCOMM stock in a transaction on Thursday, December 13th. The shares were sold at an average price of $58.01, for a total value of $524,874.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP James H. Thompson sold 40,000 shares of QUALCOMM stock in a transaction on Monday, February 11th. The shares were sold at an average price of $50.75, for a total transaction 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. 0.11% of the stock is owned by insiders.
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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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