RFG Advisory LLC increased its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,751 shares of the wireless technology company’s stock after buying an additional 290 shares during the quarter. RFG Advisory LLC’s holdings in QUALCOMM were worth $1,743,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Bernardo Wealth Planning LLC bought a new stake in shares of QUALCOMM in the second quarter worth about $223,000. CSat Investment Advisory L.P. lifted its holdings in QUALCOMM by 1,718.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,509 shares of the wireless technology company’s stock worth $115,000 after buying an additional 1,426 shares during the period. Victory Capital Management Inc. boosted its position in shares of QUALCOMM by 40.0% during the second quarter. Victory Capital Management Inc. now owns 24,821 shares of the wireless technology company’s stock valued at $1,888,000 after purchasing an additional 7,090 shares in the last quarter. Centaurus Financial Inc. boosted its position in shares of QUALCOMM by 1,096.5% during the second quarter. Centaurus Financial Inc. now owns 3,745 shares of the wireless technology company’s stock valued at $285,000 after purchasing an additional 3,432 shares in the last quarter. Finally, Think Investments LP grew its stake in QUALCOMM by 6.3% in the second quarter. Think Investments LP now owns 303,933 shares of the wireless technology company’s stock worth $23,120,000 after purchasing an additional 17,900 shares during the period. Institutional investors own 77.38% of the company’s stock.
In related news, President Cristiano R. Amon sold 8,611 shares of QUALCOMM stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.03, for a total value of $689,138.33. Following the completion of the sale, the president now directly owns 50,434 shares in the company, valued at approximately $4,036,233.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Erin L. Polek sold 3,190 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $84.65, for a total value of $270,033.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,040 shares of the company’s stock, valued at approximately $88,036. The disclosure for this sale can be found here. Insiders sold a total of 117,334 shares of company stock worth $9,968,725 over the last ninety days. 0.11% of the stock is currently owned by insiders.
QCOM has been the subject of a number of research reports. Mizuho upgraded QUALCOMM from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $100.00 in a report on Friday, November 15th. Cowen restated a “buy” rating and set a $100.00 target price on shares of QUALCOMM in a report on Wednesday, November 20th. Morgan Stanley downgraded shares of QUALCOMM from an “overweight” rating to an “equal” rating and upped their target price for the stock from $89.00 to $90.00 in a research report on Monday, November 11th. They noted that the move was a valuation call. ValuEngine lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Canaccord Genuity lifted their price target on shares of QUALCOMM from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. QUALCOMM currently has a consensus rating of “Buy” and a consensus target price of $88.84.
NASDAQ:QCOM opened at $94.54 on Wednesday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.72 and a current ratio of 1.88. The firm has a market cap of $109.51 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.97 and a beta of 1.62. QUALCOMM, Inc. has a fifty-two week low of $49.10 and a fifty-two week high of $96.17. The firm has a 50-day simple moving average of $88.53 and a two-hundred day simple moving average of $80.82.
QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 6th. The wireless technology company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.07. QUALCOMM had a net margin of 18.07% and a return on equity of 77.78%. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business’s revenue was down 17.2% on a year-over-year basis. On average, equities research analysts predict that QUALCOMM, Inc. will post 3.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $2.48 dividend on an annualized basis and a yield of 2.62%. QUALCOMM’s payout ratio is currently 87.32%.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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