Kwmg LLC lifted its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,225 shares of the wireless technology company’s stock after purchasing an additional 2,135 shares during the period. Kwmg LLC’s holdings in QUALCOMM were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in QCOM. FMR LLC boosted its holdings in QUALCOMM by 16.5% in the second 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 during the last quarter. Veritas Asset Management LLP bought a new stake in QUALCOMM in the second quarter valued at approximately $440,415,000. Capital International Investors boosted its holdings in QUALCOMM by 59.9% in the second 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 during the last quarter. Maverick Capital Ltd. bought a new stake in QUALCOMM in the second quarter valued at approximately $210,548,000. Finally, Parnassus Investments CA boosted its holdings in QUALCOMM by 62.4% in the third quarter. Parnassus Investments CA now owns 7,809,000 shares of the wireless technology company’s stock valued at $404,819,000 after acquiring an additional 3,000,000 shares during the last quarter. Institutional investors own 76.20% of the company’s stock.
Several analysts recently commented on the company. Sanford C. Bernstein reiterated a “hold” rating on shares of QUALCOMM in a report on Monday, November 13th. Vetr upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 target price on the stock in a report on Monday, November 13th. Stifel Nicolaus cut QUALCOMM from a “buy” rating to a “hold” rating and upped their target price for the company from $65.00 to $75.00 in a report on Tuesday, November 28th. ValuEngine upgraded QUALCOMM from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, BidaskClub cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. QUALCOMM currently has an average rating of “Hold” and an average price target of $66.06.
QUALCOMM, Inc. (NASDAQ QCOM) opened at $65.38 on Friday. The company has a current ratio of 4.00, a quick ratio of 3.81 and a debt-to-equity ratio of 0.63. QUALCOMM, Inc. has a 12-month low of $48.92 and a 12-month high of $69.28. The firm has a market capitalization of $96,380.00, a P/E ratio of 39.62, a PEG ratio of 1.89 and a beta of 1.39.
QUALCOMM (NASDAQ:QCOM) last issued its earnings results 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. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. QUALCOMM’s revenue for the quarter was down 3.5% on a year-over-year basis. research analysts predict that QUALCOMM, Inc. will post 3.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.49%. QUALCOMM’s payout ratio is 138.18%.
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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