Legal & General Group Plc raised its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,123,029 shares of the wireless technology company’s stock after acquiring an additional 225,988 shares during the period. Legal & General Group Plc owned 0.55% of QUALCOMM worth $421,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. acquired a new stake in shares of QUALCOMM during the second quarter worth about $114,000. Krilogy Financial LLC boosted its stake in shares of QUALCOMM by 47.0% during the second quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock worth $129,000 after buying an additional 745 shares during the period. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of QUALCOMM during the second quarter worth about $141,000. Jacobi Capital Management LLC boosted its stake in shares of QUALCOMM by 7.8% during the second quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock worth $154,000 after buying an additional 200 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in shares of QUALCOMM by 40.7% during the second quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after buying an additional 842 shares during the period. Institutional investors own 76.23% of the company’s stock.
QCOM has been the subject of several recent research reports. Canaccord Genuity increased their target price on shares of QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. Zacks Investment Research upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Royal Bank of Canada increased their target price on shares of QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Vetr cut shares of QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 price target for the company. in a report on Monday, November 6th. Finally, ValuEngine cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. QUALCOMM has an average rating of “Hold” and a consensus price target of $67.14.
QUALCOMM, Inc. (NASDAQ QCOM) opened at $68.04 on Monday. QUALCOMM, Inc. has a 1-year low of $48.92 and a 1-year high of $69.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. The stock has a market cap of $100,300.00, a PE ratio of 41.24, a price-to-earnings-growth ratio of 1.93 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the company posted $1.28 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. equities research analysts anticipate that QUALCOMM, Inc. will post 3.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a yield of 3.35%. QUALCOMM’s dividend payout ratio (DPR) is presently 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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