WINTON GROUP Ltd Reduces Position in QUALCOMM Incorporated (QCOM)
WINTON GROUP Ltd reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 16.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 286,403 shares of the wireless technology company’s stock after selling 55,773 shares during the period. WINTON GROUP Ltd’s holdings in QUALCOMM were worth $15,815,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in QCOM. Vanguard Group Inc. raised its holdings in QUALCOMM by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 103,484,572 shares of the wireless technology company’s stock valued at $5,714,418,000 after acquiring an additional 1,537,645 shares in the last quarter. FMR LLC raised its holdings in QUALCOMM by 16.5% in the 2nd quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock valued at $4,446,786,000 after acquiring an additional 11,387,347 shares in the last quarter. Northern Trust Corp raised its holdings in QUALCOMM by 2.6% in the 2nd quarter. Northern Trust Corp now owns 19,519,161 shares of the wireless technology company’s stock valued at $1,077,848,000 after acquiring an additional 499,531 shares in the last quarter. Capital International Investors raised its holdings in QUALCOMM by 59.9% in the 2nd quarter. Capital International Investors now owns 15,132,794 shares of the wireless technology company’s stock valued at $835,633,000 after acquiring an additional 5,671,176 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in QUALCOMM by 3.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 9,732,445 shares of the wireless technology company’s stock valued at $537,426,000 after acquiring an additional 288,413 shares in the last quarter. 76.66% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on QCOM. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price target on shares of QUALCOMM in a research note on Thursday, August 24th. William Blair reiterated a “market perform” rating on shares of QUALCOMM in a research note on Tuesday, September 5th. Sanford C. Bernstein reiterated a “hold” rating on shares of QUALCOMM in a research note on Monday, November 13th. Vetr upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 price target on the stock in a research note on Monday, November 13th. Finally, Stifel Nicolaus lowered QUALCOMM from a “buy” rating to a “hold” rating and lifted their price target for the company from $65.00 to $75.00 in a research note on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. QUALCOMM has an average rating of “Hold” and an average price target of $66.02.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. QUALCOMM’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS. analysts forecast that QUALCOMM Incorporated will post 3.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Tuesday, November 28th. QUALCOMM’s payout ratio is presently 138.18%.
In other QUALCOMM news, EVP Michelle M. Sterling sold 7,840 shares of QUALCOMM stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total transaction of $521,830.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of QUALCOMM stock in a transaction dated 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. Insiders have sold a total of 29,427 shares of company stock worth $1,827,995 over the last ninety days. Company insiders own 0.24% of the company’s stock.
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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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