Banco Santander S.A. boosted its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,419 shares of the wireless technology company’s stock after acquiring an additional 4,400 shares during the period. Banco Santander S.A.’s holdings in QUALCOMM were worth $1,788,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of QCOM. Camelot Portfolios LLC boosted its holdings in QUALCOMM by 1.9% during the fourth quarter. Camelot Portfolios LLC now owns 11,742 shares of the wireless technology company’s stock worth $668,000 after buying an additional 221 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in QUALCOMM by 24.3% during the fourth quarter. Venturi Wealth Management LLC now owns 4,271 shares of the wireless technology company’s stock worth $238,000 after buying an additional 836 shares during the last quarter. AMG National Trust Bank lifted its holdings in shares of QUALCOMM by 1.7% during the 4th quarter. AMG National Trust Bank now owns 80,257 shares of the wireless technology company’s stock valued at $4,568,000 after purchasing an additional 1,333 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of QUALCOMM by 35.8% during the 4th quarter. GSA Capital Partners LLP now owns 5,557 shares of the wireless technology company’s stock valued at $316,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its holdings in shares of QUALCOMM by 19.7% during the 4th quarter. Annex Advisory Services LLC now owns 33,087 shares of the wireless technology company’s stock valued at $1,883,000 after purchasing an additional 5,449 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.
In related news, EVP James H. Thompson sold 40,000 shares of QUALCOMM stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $50.75, for a total value of $2,030,000.00. Following the sale, the executive vice president now owns 62,301 shares of the company’s stock, valued at approximately $3,161,775.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on the company. Bank of America set a $67.00 price objective on QUALCOMM and gave the company a “hold” rating in a report on Tuesday, December 11th. Evercore ISI reiterated an “in-line” rating and set a $60.00 price objective (down previously from $68.00) on shares of QUALCOMM in a report on Monday, January 14th. BidaskClub upgraded QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th. Zacks Investment Research cut QUALCOMM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 8th. Finally, Morgan Stanley upgraded QUALCOMM from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 15th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $66.00.
Shares of QUALCOMM stock opened at $55.40 on Friday. QUALCOMM, Inc. has a 52-week low of $48.56 and a 52-week high of $76.50. The company has a market capitalization of $66.37 billion, a P/E ratio of 17.37, a PEG ratio of 1.73 and a beta of 1.21. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 4.25.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.11. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the firm earned $0.98 EPS. QUALCOMM’s revenue for the quarter was down 21.3% compared to the same quarter last year. Research analysts forecast that QUALCOMM, Inc. will post 3.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Wednesday, March 6th. QUALCOMM’s dividend payout ratio is presently 77.74%.
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.
Read More: What are the FAANG Stocks?
Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM, Inc. (NASDAQ:QCOM).
Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.