QUALCOMM Incorporated (QCOM) Position Lifted by Fiera Capital Corp
Fiera Capital Corp boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,401 shares of the wireless technology company’s stock after buying an additional 196 shares during the period. Fiera Capital Corp’s holdings in QUALCOMM were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Raymond James Trust N.A. increased its position in QUALCOMM by 17.5% during the 2nd quarter. Raymond James Trust N.A. now owns 141,144 shares of the wireless technology company’s stock valued at $7,794,000 after buying an additional 21,052 shares in the last quarter. FNY Partners Fund LP increased its holdings in shares of QUALCOMM by 102.0% in the second quarter. FNY Partners Fund LP now owns 3,100 shares of the wireless technology company’s stock valued at $171,000 after purchasing an additional 1,565 shares during the period. Stephens Inc. AR increased its holdings in shares of QUALCOMM by 10.8% in the second quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock valued at $6,377,000 after purchasing an additional 11,232 shares during the period. Oarsman Capital Inc. increased its holdings in shares of QUALCOMM by 8.6% in the second quarter. Oarsman Capital Inc. now owns 20,901 shares of the wireless technology company’s stock valued at $1,154,000 after purchasing an additional 1,651 shares during the period. Finally, HGK Asset Management Inc. increased its holdings in shares of QUALCOMM by 27.8% in the second quarter. HGK Asset Management Inc. now owns 7,565 shares of the wireless technology company’s stock valued at $418,000 after purchasing an additional 1,645 shares during the period. 76.93% of the stock is currently owned by institutional investors.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM) opened at $66.49 on Tuesday. QUALCOMM Incorporated has a fifty-two week low of $48.92 and a fifty-two week high of $70.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. The company has a market capitalization of $95,186.84, a P/E ratio of 17.08, a P/E/G ratio of 1.81 and a beta of 1.26.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. research analysts forecast that QUALCOMM Incorporated will post 3.07 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $2.28 annualized dividend and a dividend yield of 3.43%. QUALCOMM’s dividend payout ratio is presently 138.18%.
In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $51.88, for a total transaction of $245,911.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matthew S. Grob sold 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $60.44, for a total value of $1,208,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,837 shares of company stock valued at $1,512,049. Insiders own 0.24% of the company’s stock.
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QCOM has been the topic of a number of research reports. Mizuho reissued a “buy” rating and issued a $65.00 price objective on shares of QUALCOMM in a report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating on shares of QUALCOMM in a report on Thursday, October 12th. Zacks Investment Research raised QUALCOMM from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, October 17th. Canaccord Genuity increased their price objective on QUALCOMM from $70.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, UBS AG cut their price objective on QUALCOMM from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $65.15.
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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