QUALCOMM Incorporated (QCOM) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,484,572 shares of the wireless technology company’s stock after acquiring an additional 1,537,645 shares during the quarter. Vanguard Group Inc. owned 7.01% of QUALCOMM worth $5,714,418,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in QCOM. CI Investments Inc. lifted its position in QUALCOMM by 48.0% in the 1st quarter. CI Investments Inc. now owns 1,142,000 shares of the wireless technology company’s stock valued at $65,482,000 after acquiring an additional 370,200 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in QUALCOMM by 29.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 109,565 shares of the wireless technology company’s stock valued at $6,282,000 after acquiring an additional 24,903 shares in the last quarter. American Asset Management Inc. lifted its position in QUALCOMM by 33.1% in the 1st quarter. American Asset Management Inc. now owns 5,948 shares of the wireless technology company’s stock valued at $341,000 after acquiring an additional 1,480 shares in the last quarter. Blue Granite Capital LLC lifted its position in QUALCOMM by 10.1% in the 1st quarter. Blue Granite Capital LLC now owns 8,460 shares of the wireless technology company’s stock valued at $485,000 after acquiring an additional 775 shares in the last quarter. Finally, Fairbanks Capital Management Inc. lifted its position in QUALCOMM by 0.6% in the 1st quarter. Fairbanks Capital Management Inc. now owns 402,879 shares of the wireless technology company’s stock valued at $23,101,000 after acquiring an additional 2,506 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on QCOM shares. Canaccord Genuity lifted their target price on shares of QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. ValuEngine lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Royal Bank Of Canada raised their price target on shares of QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Finally, Vetr lowered shares of QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 price target for the company. in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. QUALCOMM presently has an average rating of “Hold” and an average price target of $65.42.
In other QUALCOMM news, EVP Matthew S. Grob sold 20,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $60.44, for a total transaction of $1,208,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $521,830.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,937 shares of company stock valued at $1,787,969. Corporate insiders own 0.24% of the company’s stock.
Shares of QUALCOMM Incorporated (QCOM) opened at $66.67 on Wednesday. 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 cap of $97,987.75, a price-to-earnings ratio of 17.58, a PEG ratio of 1.86 and a beta of 1.26. QUALCOMM Incorporated has a 52 week low of $48.92 and a 52 week high of $70.24.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data 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 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 company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 earnings per share. research analysts anticipate that QUALCOMM Incorporated will post 3.07 EPS for the current year.
The company 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 is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.42%. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.
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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