Hengehold Capital Management LLC decreased its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 5.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,154 shares of the wireless technology company’s stock after selling 373 shares during the period. Hengehold Capital Management LLC’s holdings in QUALCOMM were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in QCOM. Bernardo Wealth Planning LLC bought a new position in QUALCOMM in the 2nd quarter valued at about $223,000. Victory Capital Management Inc. raised its stake in shares of QUALCOMM by 40.0% in the 2nd quarter. Victory Capital Management Inc. now owns 24,821 shares of the wireless technology company’s stock worth $1,888,000 after buying an additional 7,090 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of QUALCOMM by 1,096.5% in the 2nd quarter. Centaurus Financial Inc. now owns 3,745 shares of the wireless technology company’s stock worth $285,000 after buying an additional 3,432 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of QUALCOMM in the second quarter valued at $217,000. Finally, Covington Capital Management lifted its holdings in shares of QUALCOMM by 1.4% in the second quarter. Covington Capital Management now owns 61,538 shares of the wireless technology company’s stock valued at $4,681,000 after buying an additional 872 shares during the period. Institutional investors own 77.38% of the company’s stock.
QCOM stock traded down $2.73 during mid-day trading on Friday, reaching $89.27. 7,101,215 shares of the stock traded hands, compared to its average volume of 8,016,153. The company has a current ratio of 1.88, a quick ratio of 1.72 and a debt-to-equity ratio of 2.74. QUALCOMM, Inc. has a 52-week low of $49.10 and a 52-week high of $96.17. The company has a market cap of $106.16 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.91 and a beta of 1.62. The stock’s fifty day moving average is $88.97 and its 200-day moving average is $80.98.
QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 6th. The wireless technology company reported $0.78 earnings per share 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 business had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the firm posted $0.90 earnings per share. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. Equities research analysts expect that QUALCOMM, Inc. will post 3.48 earnings per share 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 paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, March 4th. QUALCOMM’s dividend payout ratio is 87.32%.
In related news, EVP Alexander H. Rogers sold 735 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $95.37, for a total value of $70,096.95. Following the completion of the sale, the executive vice president now directly owns 14,247 shares of the company’s stock, valued at approximately $1,358,736.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Cristiano R. Amon sold 19,045 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $85.18, for a total value of $1,622,253.10. Following the sale, the president now owns 58,780 shares of the company’s stock, valued at $5,006,880.40. The disclosure for this sale can be found here. Insiders sold a total of 109,458 shares of company stock valued at $9,349,683 in the last ninety days. Company insiders own 0.11% of the company’s stock.
A number of research firms recently issued reports on QCOM. JPMorgan Chase & Co. lifted their target price on QUALCOMM from $88.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $95.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. ValuEngine downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Canaccord Genuity raised their price objective 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. Finally, Argus lifted their price objective on shares of QUALCOMM from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $88.84.
QUALCOMM Company Profile
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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