Qualcomm Inc. (QCOM) Shares Bought by Jacobs & Co. CA
Jacobs & Co. CA boosted its stake in shares of Qualcomm Inc. (NASDAQ:QCOM) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,729 shares of the wireless technology company’s stock after buying an additional 1,572 shares during the period. Jacobs & Co. CA’s holdings in Qualcomm were worth $6,283,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Kelman Lazarov Inc. boosted its stake in shares of Qualcomm by 6.1% in the third quarter. Kelman Lazarov Inc. now owns 1,735 shares of the wireless technology company’s stock worth $116,000 after buying an additional 100 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of Qualcomm by 61.8% in the second quarter. Krilogy Financial LLC now owns 2,071 shares of the wireless technology company’s stock worth $111,000 after buying an additional 791 shares during the last quarter. Pinkerton Retirement Specialists LLC boosted its stake in shares of Qualcomm by 3,479.3% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,076 shares of the wireless technology company’s stock worth $111,000 after buying an additional 2,018 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of Qualcomm by 4.9% in the second quarter. Joel Isaacson & Co. LLC now owns 2,219 shares of the wireless technology company’s stock worth $119,000 after buying an additional 103 shares during the last quarter. Finally, Americafirst Capital Management LLC acquired a new stake in shares of Qualcomm during the second quarter worth about $121,000. Institutional investors and hedge funds own 78.54% of the company’s stock.
Qualcomm Inc. (NASDAQ:QCOM) traded up 1.99% during mid-day trading on Wednesday, hitting $68.10. 8,193,060 shares of the stock were exchanged. Qualcomm Inc. has a 52-week low of $42.24 and a 52-week high of $71.62. The stock has a market cap of $100.58 billion, a PE ratio of 17.87 and a beta of 1.36. The stock’s 50 day moving average is $67.23 and its 200 day moving average is $60.96.
Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 2nd. The wireless technology company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.15. The firm had revenue of $9.17 billion for the quarter, compared to analyst estimates of $5.84 billion. Qualcomm had a net margin of 24.22% and a return on equity of 19.31%. The business’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. Analysts forecast that Qualcomm Inc. will post $4.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Wednesday, November 30th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.18%. Qualcomm’s payout ratio is currently 55.64%.
A number of equities research analysts have issued reports on QCOM shares. Vetr raised shares of Qualcomm from a “buy” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a report on Monday, September 26th. BMO Capital Markets raised shares of Qualcomm from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $53.00 to $70.00 in a report on Friday, October 28th. They noted that the move was a valuation call. Canaccord Genuity upped their price target on shares of Qualcomm from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, October 12th. Zacks Investment Research cut shares of Qualcomm from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Finally, Standpoint Research raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Thursday, August 25th. Seventeen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Qualcomm presently has an average rating of “Buy” and a consensus price target of $66.05.
In related news, Director Stiles Barbara Alexander sold 22,000 shares of the stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $68.52, for a total transaction of $1,507,440.00. Following the sale, the director now directly owns 2,440 shares of the company’s stock, valued at $167,188.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matthew S. Grob sold 74,000 shares of the stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $66.63, for a total transaction of $4,930,620.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.
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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