QUALCOMM, Inc. (QCOM) Position Boosted by HL Financial Services LLC
HL Financial Services LLC lifted its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,528 shares of the wireless technology company’s stock after purchasing an additional 1,059 shares during the period. HL Financial Services LLC’s holdings in QUALCOMM were worth $3,967,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in QCOM. Westwood Holdings Group Inc. acquired a new stake in QUALCOMM in the 2nd quarter worth about $114,000. Krilogy Financial LLC boosted its holdings in QUALCOMM by 47.0% in the 2nd quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock worth $129,000 after buying an additional 745 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. acquired a new stake in QUALCOMM in the 2nd quarter worth about $141,000. Jacobi Capital Management LLC boosted its holdings in QUALCOMM by 7.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock worth $154,000 after buying an additional 200 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in QUALCOMM by 40.7% in the 2nd quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after buying an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 76.20% of the company’s stock.
Several equities research analysts recently issued reports on the company. Vetr upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, November 27th. Stifel Nicolaus cut QUALCOMM from a “buy” rating to a “hold” rating and boosted their target price for the stock from $65.00 to $75.00 in a report on Tuesday, November 28th. Sanford C. Bernstein restated a “hold” rating on shares of QUALCOMM in a report on Monday, November 13th. Royal Bank of Canada boosted their target price on QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Finally, ValuEngine upgraded QUALCOMM from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. QUALCOMM has an average rating of “Hold” and an average target price of $66.06.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the prior year, the firm posted $1.28 earnings per share. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. equities analysts anticipate that QUALCOMM, Inc. will post 3.07 EPS for the current fiscal year.
In other QUALCOMM news, EVP Alexander H. Rogers sold 874 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $68.52, for a total value of $59,886.48. Following the sale, the executive vice president now owns 12,035 shares of the company’s stock, valued at $824,638.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michelle M. Sterling sold 7,840 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total value of $521,830.40. The disclosure for this sale can be found here. Insiders sold 29,989 shares of company stock worth $1,868,744 over the last quarter. 0.24% of the stock is currently owned by insiders.
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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