QUALCOMM Incorporated (QCOM) Shares Bought by Capital Advisors Inc. OK
Capital Advisors Inc. OK lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 10.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 229,196 shares of the wireless technology company’s stock after purchasing an additional 21,183 shares during the period. Capital Advisors Inc. OK’s holdings in QUALCOMM were worth $12,656,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in QCOM. Veritas Asset Management LLP bought a new stake in shares of QUALCOMM during the second quarter worth $440,415,000. Baupost Group LLC MA bought a new stake in shares of QUALCOMM during the first quarter worth $299,085,000. Nordea Investment Management AB grew its holdings in shares of QUALCOMM by 589.4% during the first quarter. Nordea Investment Management AB now owns 5,912,226 shares of the wireless technology company’s stock worth $339,007,000 after purchasing an additional 5,054,642 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of QUALCOMM by 30.8% during the first quarter. Schroder Investment Management Group now owns 6,562,412 shares of the wireless technology company’s stock worth $375,369,000 after purchasing an additional 1,544,792 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of QUALCOMM during the second quarter worth $82,556,000. Institutional investors own 76.77% of the company’s stock.
In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $51.88, for a total value of $245,911.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 5,837 shares of company stock valued at $303,249. Corporate insiders own 0.17% of the company’s stock.
Several analysts have recently commented on the company. J P Morgan Chase & Co restated an “overweight” rating on shares of QUALCOMM in a report on Wednesday, September 6th. BidaskClub upgraded QUALCOMM from a “strong sell” rating to a “sell” rating in a report on Sunday, July 16th. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price target on shares of QUALCOMM in a report on Thursday, August 24th. Mizuho reiterated a “buy” rating on shares of QUALCOMM in a report on Friday, October 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 price target on shares of QUALCOMM in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $63.80.
QUALCOMM Incorporated (NASDAQ:QCOM) opened at $61.81 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 2.73. The firm has a market capitalization of $91,118.14, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 2.00 and a beta of 1.26. QUALCOMM Incorporated has a one year low of $48.92 and a one year high of $70.24.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share 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 return on equity of 18.08% and a net margin of 11.06%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. equities research analysts predict that QUALCOMM Incorporated will post 3.3 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a yield of 3.69%. QUALCOMM’s dividend payout ratio is 138.18%.
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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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