Middleton & Co Inc MA raised its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,050 shares of the wireless technology company’s stock after purchasing an additional 3,750 shares during the period. Middleton & Co Inc MA’s holdings in QUALCOMM were worth $5,893,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Meridian Investment Counsel Inc. boosted its holdings in QUALCOMM by 0.3% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 18,293 shares of the wireless technology company’s stock worth $1,010,000 after buying an additional 50 shares during the period. Valueworks LLC lifted its stake in QUALCOMM by 0.3% in the 2nd quarter. Valueworks LLC now owns 14,976 shares of the wireless technology company’s stock worth $827,000 after purchasing an additional 50 shares in the last quarter. Birch Hill Investment Advisors LLC lifted its stake in QUALCOMM by 1.4% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 3,651 shares of the wireless technology company’s stock worth $202,000 after purchasing an additional 51 shares in the last quarter. Logan Capital Management Inc. lifted its stake in QUALCOMM by 0.6% in the 2nd quarter. Logan Capital Management Inc. now owns 11,095 shares of the wireless technology company’s stock worth $613,000 after purchasing an additional 64 shares in the last quarter. Finally, ARGI Investment Services LLC raised its position in shares of QUALCOMM by 1.6% during the 2nd quarter. ARGI Investment Services LLC now owns 5,165 shares of the wireless technology company’s stock valued at $285,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.
In related news, EVP Matthew S. Grob sold 43,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total value of $2,810,050.00. Following the sale, the executive vice president now directly owns 43,000 shares in the company, valued at approximately $2,810,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alexander H. Rogers sold 919 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $64.32, for a total transaction of $59,110.08. Following the sale, the executive vice president now owns 11,116 shares in the company, valued at $714,981.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,938 shares of company stock worth $6,137,671. 0.24% of the stock is currently owned by corporate insiders.
QUALCOMM, Inc. (QCOM) opened at $59.70 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.41. The stock has a market cap of $88,380.00, a P/E ratio of -24.37, a price-to-earnings-growth ratio of 1.96 and a beta of 1.35. QUALCOMM, Inc. has a 1 year low of $48.92 and a 1 year high of $69.28.
QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.07. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The firm had revenue of $6.10 billion during the quarter, compared to analyst estimates of $5.93 billion. During the same period in the previous year, the firm earned $1.19 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. equities analysts predict that QUALCOMM, Inc. will post 2.8 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 3.82%. QUALCOMM’s dividend payout ratio (DPR) is presently -93.06%.
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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