Stephens Inc. AR decreased its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,407 shares of the wireless technology company’s stock after selling 7,347 shares during the quarter. Stephens Inc. AR’s holdings in QUALCOMM were worth $7,580,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Wrapmanager Inc. bought a new position in QUALCOMM during the 3rd quarter worth approximately $369,000. Garde Capital Inc. lifted its stake in QUALCOMM by 77.8% in the third quarter. Garde Capital Inc. now owns 17,252 shares of the wireless technology company’s stock valued at $894,000 after buying an additional 7,547 shares in the last quarter. Conning Inc. lifted its stake in QUALCOMM by 16.4% in the third quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock valued at $37,293,000 after buying an additional 101,483 shares in the last quarter. Ffcm LLC lifted its stake in QUALCOMM by 44.7% in the third quarter. Ffcm LLC now owns 101,475 shares of the wireless technology company’s stock valued at $5,261,000 after buying an additional 31,326 shares in the last quarter. Finally, Iberiabank Corp lifted its stake in QUALCOMM by 10.5% in the third quarter. Iberiabank Corp now owns 62,137 shares of the wireless technology company’s stock valued at $3,224,000 after buying an additional 5,928 shares in the last quarter. 78.11% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, November 27th. Macquarie lifted their price target on shares of QUALCOMM from $55.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Canaccord Genuity lifted their price target on shares of QUALCOMM from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Stifel Nicolaus lowered shares of QUALCOMM from a “buy” rating to a “hold” rating and lifted their price target for the company from $65.00 to $75.00 in a research note on Tuesday, November 28th. Finally, Mizuho reaffirmed a “buy” rating and issued a $75.00 price target (up previously from $65.00) on shares of QUALCOMM in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the stock. QUALCOMM currently has an average rating of “Hold” and a consensus target price of $68.25.
QUALCOMM, Inc. (NASDAQ:QCOM) opened at $60.12 on Thursday. The firm has a market cap of $89,000.00, a price-to-earnings ratio of -24.54, a P/E/G ratio of 1.95 and a beta of 1.35. QUALCOMM, Inc. has a fifty-two week low of $48.92 and a fifty-two week high of $69.28. The company has a current ratio of 3.41, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81.
QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.07. The business had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $5.93 billion. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 earnings per share. analysts anticipate that QUALCOMM, Inc. will post 2.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. 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 3.79%. QUALCOMM’s payout ratio is -93.06%.
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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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