QUALCOMM Incorporated (QCOM) Shares Bought by Tudor Investment Corp ET AL
Tudor Investment Corp ET AL increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 468.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,716 shares of the wireless technology company’s stock after purchasing an additional 22,838 shares during the period. Tudor Investment Corp ET AL’s holdings in QUALCOMM were worth $1,589,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Welch Group LLC raised its holdings in shares of QUALCOMM by 2.3% during the 1st quarter. Welch Group LLC now owns 3,037 shares of the wireless technology company’s stock worth $174,000 after acquiring an additional 69 shares in the last quarter. Commonwealth Financial Services LLC raised its holdings in shares of QUALCOMM by 499.5% during the 1st quarter. Commonwealth Financial Services LLC now owns 3,627 shares of the wireless technology company’s stock worth $205,000 after acquiring an additional 3,022 shares in the last quarter. Good Life Advisors LLC purchased a new stake in shares of QUALCOMM during the 1st quarter worth approximately $225,000. Schnieders Capital Management LLC purchased a new stake in shares of QUALCOMM during the 1st quarter worth approximately $226,000. Finally, Round Table Services LLC purchased a new stake in shares of QUALCOMM during the 1st quarter worth approximately $234,000. 77.09% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on QCOM shares. ValuEngine cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub cut QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research cut QUALCOMM from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 20th. Northland Securities cut QUALCOMM from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $75.00 to $62.50 in a report on Wednesday, June 28th. Finally, Vetr raised QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $62.13 price objective on the stock in a report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $63.96.
In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of QUALCOMM stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $51.88, for a total transaction of $245,911.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Derek K. Aberle sold 23,104 shares of QUALCOMM stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $55.38, for a total value of $1,279,499.52. Following the sale, the president now directly owns 5,855 shares of the company’s stock, valued at $324,249.90. The disclosure for this sale can be found here. Insiders have sold a total of 28,995 shares of company stock valued at $1,587,390 over the last ninety days. 0.17% of the stock is owned by company insiders.
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QUALCOMM Incorporated (NASDAQ QCOM) traded down 1.47% during midday trading on Friday, reaching $49.64. The company’s stock had a trading volume of 12,809,377 shares. The firm has a market capitalization of $73.27 billion, a PE ratio of 19.01 and a beta of 1.29. The stock’s 50-day moving average price is $52.39 and its 200 day moving average price is $55.28. QUALCOMM Incorporated has a 1-year low of $48.92 and a 1-year high of $71.62.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.25 billion. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. QUALCOMM’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. Equities analysts anticipate that QUALCOMM Incorporated will post $4.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Monday, August 28th. QUALCOMM’s dividend payout ratio (DPR) is 87.36%.
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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