Northstar Wealth Partners LLC Has $228,000 Holdings in QUALCOMM Incorporated (QCOM)
Northstar Wealth Partners LLC reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,102 shares of the wireless technology company’s stock after selling 501 shares during the period. Northstar Wealth Partners LLC’s holdings in QUALCOMM were worth $228,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of QCOM. 1ST Source Bank boosted its position in QUALCOMM by 40.2% in the 1st quarter. 1ST Source Bank now owns 51,436 shares of the wireless technology company’s stock valued at $2,950,000 after buying an additional 14,737 shares during the last quarter. Narwhal Capital Management boosted its position in QUALCOMM by 32.9% in the 1st quarter. Narwhal Capital Management now owns 31,140 shares of the wireless technology company’s stock valued at $1,786,000 after buying an additional 7,710 shares during the last quarter. Kanawha Capital Management LLC boosted its position in QUALCOMM by 13.8% in the 1st quarter. Kanawha Capital Management LLC now owns 66,603 shares of the wireless technology company’s stock valued at $3,819,000 after buying an additional 8,055 shares during the last quarter. Stonebridge Capital Management Inc. boosted its position in QUALCOMM by 12.2% in the 1st quarter. Stonebridge Capital Management Inc. now owns 100,008 shares of the wireless technology company’s stock valued at $5,734,000 after buying an additional 10,850 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its position in QUALCOMM by 41.4% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 79,900 shares of the wireless technology company’s stock valued at $4,581,000 after buying an additional 23,400 shares during the last quarter. 76.97% of the stock is owned by institutional investors.
QCOM has been the subject of a number of analyst reports. William Blair reissued a “market perform” rating on shares of QUALCOMM in a research report on Tuesday, September 5th. Northland Securities upgraded shares of QUALCOMM from a “market perform” rating to an “outperform” rating and set a $62.50 target price on the stock in a research note on Friday, September 15th. Deutsche Bank AG cut their target price on shares of QUALCOMM from $62.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, July 20th. J P Morgan Chase & Co restated an “overweight” rating on shares of QUALCOMM in a research note on Wednesday, September 6th. Finally, Morgan Stanley upped their target price on shares of QUALCOMM from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $63.60.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM) opened at 52.35 on Friday. The company has a market capitalization of $77.27 billion, a PE ratio of 20.05 and a beta of 1.28. The company’s 50-day moving average is $51.68 and its 200-day moving average is $54.51. QUALCOMM Incorporated has a one year low of $48.92 and a one year high of $71.62.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the company earned $1.16 EPS. QUALCOMM’s revenue was down 11.1% on a year-over-year basis. Equities analysts predict that QUALCOMM Incorporated will post $4.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 30th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Monday, August 28th. QUALCOMM’s dividend payout ratio is 87.36%.
In other news, EVP Michelle M. Sterling sold 4,740 shares of QUALCOMM stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Derek K. Aberle sold 23,104 shares of QUALCOMM stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $55.38, for a total transaction of $1,279,499.52. Following the sale, the president now owns 5,855 shares of the company’s stock, valued at approximately $324,249.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,914 shares of company stock valued at $1,581,095. 0.17% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for QUALCOMM Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.