AMG National Trust Bank raised its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,881 shares of the wireless technology company’s stock after buying an additional 1,452 shares during the period. AMG National Trust Bank’s holdings in QUALCOMM were worth $3,778,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Hayek Kallen Investment Management grew its stake in shares of QUALCOMM by 2.0% during the first quarter. Hayek Kallen Investment Management now owns 46,200 shares of the wireless technology company’s stock valued at $2,649,000 after purchasing an additional 913 shares during the last quarter. Cadence Capital Management LLC grew its stake in shares of QUALCOMM by 23.2% during the first quarter. Cadence Capital Management LLC now owns 231,258 shares of the wireless technology company’s stock valued at $13,260,000 after purchasing an additional 43,519 shares during the last quarter. WINTON GROUP Ltd grew its stake in shares of QUALCOMM by 15.9% during the first quarter. WINTON GROUP Ltd now owns 229,826 shares of the wireless technology company’s stock valued at $15,743,000 after purchasing an additional 31,552 shares during the last quarter. Good Life Advisors LLC bought a new stake in shares of QUALCOMM during the first quarter valued at approximately $225,000. Finally, Stockman Wealth Management Inc. grew its stake in shares of QUALCOMM by 13.4% during the first quarter. Stockman Wealth Management Inc. now owns 31,590 shares of the wireless technology company’s stock valued at $1,811,000 after purchasing an additional 3,726 shares during the last quarter. 76.53% of the stock is owned by institutional investors.
In other QUALCOMM news, EVP Alexander H. Rogers sold 919 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $64.32, for a total value of $59,110.08. Following the sale, the executive vice president now directly owns 11,116 shares in the company, valued at $714,981.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michelle M. Sterling sold 7,840 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total transaction of $521,830.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,989 shares of company stock worth $1,868,744. Company insiders own 0.17% of the company’s stock.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) opened at $66.03 on Friday. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63. The firm has a market cap of $97,636.43, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.39. QUALCOMM, Inc. has a twelve month low of $48.92 and a twelve month high of $69.28.
QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.22. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. sell-side analysts anticipate that QUALCOMM, Inc. will post 3.07 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th were issued a $0.57 dividend. The ex-dividend date was Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 3.45%. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.
Several analysts have recently commented on the stock. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, November 27th. Stifel Nicolaus cut shares of QUALCOMM from a “buy” rating to a “hold” rating and increased their price target for the company from $65.00 to $75.00 in a research note on Tuesday, November 28th. Sanford C. Bernstein reissued a “hold” rating on shares of QUALCOMM in a research note on Monday, November 13th. Royal Bank of Canada raised their price objective on shares of QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Finally, ValuEngine raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. QUALCOMM has an average rating of “Hold” and an average target price of $66.06.
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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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