QUALCOMM Incorporated (QCOM) Shares Bought by Toronto Dominion Bank
Toronto Dominion Bank grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 37.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,102,710 shares of the wireless technology company’s stock after acquiring an additional 299,252 shares during the period. Toronto Dominion Bank owned 0.07% of QUALCOMM worth $60,879,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of QCOM. Westwood Holdings Group Inc. purchased a new stake in shares of QUALCOMM in the 2nd quarter worth approximately $114,000. Krilogy Financial LLC lifted its position in shares of 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 purchasing an additional 745 shares during the period. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of QUALCOMM in the 2nd quarter worth approximately $141,000. Jacobi Capital Management LLC lifted its position in shares of QUALCOMM by 10.8% in the 1st 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 period. Finally, Penserra Capital Management LLC lifted its position in shares of 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 purchasing an additional 842 shares during the period. Institutional investors and hedge funds own 76.66% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of QUALCOMM in a research report on Wednesday, September 6th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 price target on shares of QUALCOMM in a research report on Thursday, August 24th. UBS lowered their price target on shares of QUALCOMM from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, November 6th. Mizuho reaffirmed a “buy” rating on shares of QUALCOMM in a research report on Friday, October 27th. Finally, Wells Fargo & Company cut shares of QUALCOMM from an “outperform” rating to a “market perform” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $66.02.
In other news, EVP Michelle M. Sterling sold 7,840 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total value of $521,830.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. Insiders sold 29,427 shares of company stock worth $1,827,995 in the last quarter. Company insiders own 0.17% of the company’s stock.
QUALCOMM Incorporated (NASDAQ:QCOM) opened at $64.90 on Thursday. The stock has a market cap of $95,614.34, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 1.84 and a beta of 1.39. QUALCOMM Incorporated has a fifty-two week low of $48.92 and a fifty-two week high of $69.28. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63.
QUALCOMM (NASDAQ:QCOM) last posted 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 business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.28 earnings per share. sell-side analysts expect that QUALCOMM Incorporated will post 3.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be paid 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 dividend yield of 3.51%. QUALCOMM’s payout ratio is currently 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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