QUALCOMM, Inc. (QCOM) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 354,661 shares of the wireless technology company’s stock after purchasing an additional 7,949 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in QUALCOMM were worth $18,386,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. United Asset Strategies Inc. acquired a new stake in QUALCOMM during the second quarter worth about $5,249,000. Conning Inc. grew its holdings in QUALCOMM by 16.4% during the third quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock worth $37,293,000 after acquiring an additional 101,483 shares during the period. Stephens Inc. AR grew its holdings in QUALCOMM by 10.8% during the second quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock worth $6,377,000 after acquiring an additional 11,232 shares during the period. UBS Asset Management Americas Inc. grew its holdings in QUALCOMM by 3.6% during the second quarter. UBS Asset Management Americas Inc. now owns 4,668,570 shares of the wireless technology company’s stock worth $257,798,000 after acquiring an additional 160,226 shares during the period. Finally, Whittier Trust Co. grew its holdings in QUALCOMM by 13.5% during the third quarter. Whittier Trust Co. now owns 47,357 shares of the wireless technology company’s stock worth $2,455,000 after acquiring an additional 5,624 shares during the period. Hedge funds and other institutional investors own 76.20% of the company’s stock.
Shares of QUALCOMM, Inc. (NASDAQ QCOM) opened at $65.43 on Friday. 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 stock has a market capitalization of $96,450.00, a P/E ratio of 39.65, a PEG ratio of 1.89 and a beta of 1.39. QUALCOMM, Inc. has a 12 month low of $48.92 and a 12 month high of $69.28.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.22. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. research analysts predict that QUALCOMM, Inc. will post 3.07 EPS for the current fiscal year.
Several analysts recently commented on the company. Vetr raised QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $76.13 target price on the stock in a report on Tuesday, January 2nd. Stifel Nicolaus lowered QUALCOMM from a “buy” rating to a “hold” rating and raised their target price for the stock from $65.00 to $75.00 in a report on Tuesday, November 28th. Zacks Investment Research lowered QUALCOMM from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of QUALCOMM in a report on Monday, November 13th. Finally, BMO Capital Markets raised their target price on QUALCOMM from $55.00 to $57.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $66.06.
In other news, EVP Michelle M. Sterling sold 7,840 shares of QUALCOMM stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total value of $521,830.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Alexander H. Rogers sold 874 shares of QUALCOMM 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 completion of the sale, the executive vice president now directly owns 12,035 shares in the company, valued at $824,638.20. The disclosure for this sale can be found here. Insiders sold 72,989 shares of company stock worth $4,678,794 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.
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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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