Sound View Wealth Advisors LLC Takes Position in QUALCOMM, Inc. (QCOM)
Sound View Wealth Advisors LLC acquired a new stake in QUALCOMM, Inc. (NASDAQ:QCOM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,681 shares of the wireless technology company’s stock, valued at approximately $551,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Shepherd Kaplan Krochuk LLC acquired a new position in shares of QUALCOMM during the fourth quarter worth about $341,000. King Luther Capital Management Corp increased its stake in shares of QUALCOMM by 26.8% during the fourth quarter. King Luther Capital Management Corp now owns 11,916 shares of the wireless technology company’s stock worth $678,000 after acquiring an additional 2,522 shares during the period. Wisconsin Capital Management LLC acquired a new position in shares of QUALCOMM during the fourth quarter worth about $324,000. Banco Santander S.A. increased its stake in shares of QUALCOMM by 16.3% during the fourth quarter. Banco Santander S.A. now owns 31,419 shares of the wireless technology company’s stock worth $1,788,000 after acquiring an additional 4,400 shares during the period. Finally, Camelot Portfolios LLC increased its stake in shares of QUALCOMM by 1.9% during the fourth quarter. Camelot Portfolios LLC now owns 11,742 shares of the wireless technology company’s stock worth $668,000 after acquiring an additional 221 shares during the period. Institutional investors own 82.67% of the company’s stock.
In other QUALCOMM news, EVP James H. Thompson sold 40,000 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $50.75, for a total value of $2,030,000.00. Following the sale, the executive vice president now owns 62,301 shares of the company’s stock, valued at $3,161,775.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.
Shares of QCOM opened at $56.60 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 4.25. QUALCOMM, Inc. has a twelve month low of $48.56 and a twelve month high of $76.50. The stock has a market cap of $68.50 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 1.73 and a beta of 1.21.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.11. QUALCOMM had a net margin of 10.03% and a return on equity of 36.66%. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was down 21.3% compared to the same quarter last year. Equities analysts anticipate that QUALCOMM, Inc. will post 3.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Wednesday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.
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QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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