DUPONT CAPITAL MANAGEMENT Corp Has $10,314,000 Position in Qualcomm Inc. (QCOM)
DUPONT CAPITAL MANAGEMENT Corp boosted its stake in shares of Qualcomm Inc. (NASDAQ:QCOM) by 4.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 150,574 shares of the wireless technology company’s stock after buying an additional 6,919 shares during the period. DUPONT CAPITAL MANAGEMENT Corp’s holdings in Qualcomm were worth $10,314,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Raymond James Trust N.A. raised its position in shares of Qualcomm by 9.4% in the second quarter. Raymond James Trust N.A. now owns 103,225 shares of the wireless technology company’s stock valued at $5,529,000 after buying an additional 8,845 shares in the last quarter. Baxter Bros Inc. acquired a new position in shares of Qualcomm during the second quarter worth about $3,617,000. Howland Capital Management LLC raised its position in shares of Qualcomm by 5.0% in the second quarter. Howland Capital Management LLC now owns 220,779 shares of the wireless technology company’s stock worth $11,827,000 after buying an additional 10,513 shares during the period. Carl Domino Inc acquired a new position in shares of Qualcomm during the second quarter worth about $1,160,000. Finally, Cullinan Associates Inc. raised its position in shares of Qualcomm by 6.4% in the second quarter. Cullinan Associates Inc. now owns 38,050 shares of the wireless technology company’s stock worth $2,038,000 after buying an additional 2,300 shares during the period. 78.54% of the stock is currently owned by hedge funds and other institutional investors.
Qualcomm Inc. (NASDAQ:QCOM) traded up 0.09% on Tuesday, hitting $67.16. The stock had a trading volume of 2,786,454 shares. Qualcomm Inc. has a 1-year low of $42.24 and a 1-year high of $71.62. The firm has a market cap of $99.19 billion, a P/E ratio of 17.63 and a beta of 1.36. The firm’s 50-day moving average price is $67.23 and its 200-day moving average price is $60.96.
Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 2nd. The wireless technology company reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.15. Qualcomm had a return on equity of 19.31% and a net margin of 24.22%. The company earned $9.17 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter last year, the company earned $0.91 EPS. The company’s quarterly revenue was up 68.2% on a year-over-year basis. On average, equities research analysts predict that Qualcomm Inc. will post $4.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Wednesday, November 30th will be given a $0.53 dividend. The ex-dividend date is Monday, November 28th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.15%. Qualcomm’s dividend payout ratio is currently 55.64%.
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QCOM has been the topic of a number of research reports. Vetr upgraded shares of Qualcomm from a “buy” rating to a “strong-buy” rating and set a $69.01 target price on the stock in a research report on Monday, September 12th. Canaccord Genuity restated a “buy” rating and set a $70.00 target price on shares of Qualcomm in a research report on Monday, August 15th. Mizuho upgraded shares of Qualcomm from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Thursday, September 29th. Zacks Investment Research lowered shares of Qualcomm from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Finally, Cowen and Company restated an “outperform” rating and set a $74.00 target price on shares of Qualcomm in a research report on Monday, October 10th. Seventeen analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $66.05.
In other Qualcomm news, EVP Matthew S. Grob sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $62.30, for a total value of $124,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michelle M. Sterling sold 9,810 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $66.53, for a total value of $652,659.30. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
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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