Sigma Planning Corp Acquires 38,136 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)


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Sigma Planning Corp increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 116.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,796 shares of the wireless technology company’s stock after buying an additional 38,136 shares during the period. Sigma Planning Corp’s holdings in QUALCOMM were worth $10,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of QCOM. Personal CFO Solutions LLC grew its holdings in QUALCOMM by 8.1% in the fourth quarter. Personal CFO Solutions LLC now owns 2,353 shares of the wireless technology company’s stock worth $358,000 after purchasing an additional 176 shares during the last quarter. Pillar Pacific Capital Management LLC grew its holdings in shares of QUALCOMM by 7.6% during the fourth quarter. Pillar Pacific Capital Management LLC now owns 28,027 shares of the wireless technology company’s stock valued at $4,270,000 after buying an additional 1,976 shares during the last quarter. WealthPLAN Partners LLC grew its holdings in shares of QUALCOMM by 6.6% during the fourth quarter. WealthPLAN Partners LLC now owns 1,925 shares of the wireless technology company’s stock valued at $285,000 after buying an additional 119 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of QUALCOMM by 169.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 245,006 shares of the wireless technology company’s stock valued at $37,324,000 after buying an additional 153,926 shares during the last quarter. Finally, MainStreet Investment Advisors LLC purchased a new stake in shares of QUALCOMM during the fourth quarter valued at $250,000. 74.76% of the stock is owned by institutional investors.

Shares of QCOM traded down $2.80 during midday trading on Tuesday, reaching $136.66. The stock had a trading volume of 592,526 shares, compared to its average volume of 10,313,883. QUALCOMM Incorporated has a 1-year low of $58.00 and a 1-year high of $167.94. The company’s fifty day simple moving average is $153.95 and its two-hundred day simple moving average is $135.95. The company has a market cap of $155.25 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 1.27 and a beta of 1.34. The company has a debt-to-equity ratio of 2.51, a current ratio of 2.14 and a quick ratio of 1.84.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 3rd. The wireless technology company reported $2.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.07. QUALCOMM had a net margin of 22.09% and a return on equity of 90.74%. The business had revenue of $8.24 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period last year, the business earned $0.80 EPS. The company’s revenue was up 62.2% on a year-over-year basis. On average, sell-side analysts forecast that QUALCOMM Incorporated will post 6.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 25th. Shareholders of record on Thursday, March 4th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 3rd. QUALCOMM’s payout ratio is currently 77.84%.

QCOM has been the subject of a number of analyst reports. Robert W. Baird initiated coverage on shares of QUALCOMM in a research report on Tuesday, December 22nd. They issued an “outperform” rating and a $200.00 price objective for the company. Citigroup downgraded shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $165.00 price objective for the company. in a research report on Thursday, February 4th. Cascend Securities upped their price objective on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 2nd. Susquehanna upped their price target on shares of QUALCOMM from $165.00 to $175.00 and gave the stock a “positive” rating in a research report on Thursday, February 4th. Finally, Rosenblatt Securities upped their price target on shares of QUALCOMM from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. QUALCOMM presently has a consensus rating of “Buy” and a consensus target price of $157.81.

In related news, EVP Alexander H. Rogers sold 35,102 shares of the firm’s stock in a transaction dated Tuesday, December 8th. The shares were sold at an average price of $157.17, for a total value of $5,516,981.34. Following the completion of the sale, the executive vice president now owns 64,365 shares in the company, valued at $10,116,247.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Cristiano R. Amon sold 73,220 shares of the firm’s stock in a transaction dated Wednesday, December 16th. The shares were sold at an average price of $148.72, for a total transaction of $10,889,278.40. Following the completion of the sale, the president now owns 50,753 shares of the company’s stock, valued at approximately $7,547,986.16. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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