HighPoint Advisor Group LLC Has $255,000 Position in QUALCOMM Incorporated (QCOM)
HighPoint Advisor Group LLC held its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,265 shares of the wireless technology company’s stock at the end of the second quarter. HighPoint Advisor Group LLC’s holdings in QUALCOMM were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the stock. Westwood Holdings Group Inc. purchased a new position in shares of QUALCOMM during the second quarter worth about $114,000. Krilogy Financial LLC grew its holdings in shares of QUALCOMM by 47.0% during the second quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock worth $129,000 after purchasing an additional 745 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of QUALCOMM during the second quarter worth about $141,000. Jacobi Capital Management LLC grew its holdings in shares of QUALCOMM by 10.8% during the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock worth $145,000 after purchasing an additional 250 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of QUALCOMM by 40.7% during the second quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after purchasing an additional 842 shares during the last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total value of $521,830.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alexander H. Rogers sold 874 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $68.52, for a total transaction of $59,886.48. Following the completion of the sale, the executive vice president now owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,427 shares of company stock valued at $1,827,995. 0.17% of the stock is owned by insiders.
Shares of QUALCOMM Incorporated (NASDAQ QCOM) opened at $64.24 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. The company has a market cap of $94,700.00, a PE ratio of 16.99, a P/E/G ratio of 1.82 and a beta of 1.39. QUALCOMM Incorporated has a 12-month low of $48.92 and a 12-month high of $70.24.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. equities analysts forecast that QUALCOMM Incorporated will post 3.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be given a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a yield of 3.55%. QUALCOMM’s payout ratio is currently 138.18%.
QCOM has been the topic of several research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 price objective on shares of QUALCOMM in a report on Thursday, August 24th. William Blair reaffirmed a “market perform” rating on shares of QUALCOMM in a report on Tuesday, September 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of QUALCOMM in a report on Wednesday, September 6th. Northland Securities raised QUALCOMM from a “market perform” rating to an “outperform” rating and set a $62.50 price objective on the stock in a report on Friday, September 15th. Finally, Zacks Investment Research downgraded shares of QUALCOMM from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $66.02.
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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