Qualcomm Inc. (QCOM) Stake Maintained by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. maintained its position in Qualcomm Inc. (NASDAQ:QCOM) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,956 shares of the wireless technology company’s stock at the end of the second quarter. Robeco Institutional Asset Management B.V.’s holdings in Qualcomm were worth $4,979,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of QCOM. CENTRAL TRUST Co purchased a new position in Qualcomm during the first quarter valued at about $2,312,000. Lau Associates LLC increased its position in Qualcomm by 2.9% in the first quarter. Lau Associates LLC now owns 23,357 shares of the wireless technology company’s stock valued at $1,194,000 after buying an additional 650 shares in the last quarter. Peachtree Investment Advisors Inc. increased its position in Qualcomm by 1.9% in the first quarter. Peachtree Investment Advisors Inc. now owns 28,670 shares of the wireless technology company’s stock valued at $1,466,000 after buying an additional 525 shares in the last quarter. Edge Wealth Management LLC increased its position in Qualcomm by 40.2% in the first quarter. Edge Wealth Management LLC now owns 66,096 shares of the wireless technology company’s stock valued at $3,380,000 after buying an additional 18,955 shares in the last quarter. Finally, Charter Trust Co. increased its position in Qualcomm by 8.0% in the first quarter. Charter Trust Co. now owns 47,034 shares of the wireless technology company’s stock valued at $2,405,000 after buying an additional 3,480 shares in the last quarter. 78.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Qualcomm Inc. (NASDAQ:QCOM) traded up 0.72% during mid-day trading on Friday, reaching $62.99. The company’s stock had a trading volume of 14,677,679 shares. The company has a market cap of $92.83 billion, a PE ratio of 18.45 and a beta of 1.22. The company has a 50-day moving average price of $62.25 and a 200 day moving average price of $55.27. Qualcomm Inc. has a 52-week low of $42.24 and a 52-week high of $63.70.
Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 20th. The wireless technology company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.19. The business earned $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Qualcomm had a return on equity of 17.70% and a net margin of 22.64%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.99 earnings per share. Equities analysts expect that Qualcomm Inc. will post $4.29 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, August 31st will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Monday, August 29th. Qualcomm’s dividend payout ratio is currently 62.17%.
A number of analysts have weighed in on QCOM shares. Vetr raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $57.12 target price for the company in a research report on Tuesday, June 7th. TheStreet raised shares of Qualcomm from a “hold” rating to a “buy” rating in a research report on Friday, May 27th. Cowen and Company reissued a “buy” rating and set a $60.00 target price on shares of Qualcomm in a research report on Tuesday, May 24th. KeyCorp reissued a “buy” rating and set a $59.00 target price on shares of Qualcomm in a research report on Wednesday, July 6th. Finally, Morgan Stanley reissued a “buy” rating on shares of Qualcomm in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Qualcomm currently has a consensus rating of “Buy” and an average target price of $62.02.
In related news, President Derek K. Aberle sold 22,653 shares of the stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $61.95, for a total transaction of $1,403,353.35. Following the completion of the sale, the president now owns 69,234 shares in the company, valued at $4,289,046.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James H. Thompson sold 10,000 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $60.94, for a total value of $609,400.00. Following the sale, the executive vice president now owns 59,497 shares of the company’s stock, valued at approximately $3,625,747.18. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
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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