Vaughan David Investments Inc. IL raised its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 61.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 527,097 shares of the wireless technology company’s stock after purchasing an additional 200,052 shares during the quarter. QUALCOMM accounts for 1.5% of Vaughan David Investments Inc. IL’s holdings, making the stock its 14th largest holding. Vaughan David Investments Inc. IL’s holdings in QUALCOMM were worth $30,234,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of QCOM. Narus Financial Partners LLC raised its position in QUALCOMM by 2.1% in the second quarter. Narus Financial Partners LLC now owns 4,365 shares of the wireless technology company’s stock valued at $241,000 after purchasing an additional 89 shares during the period. BKD Wealth Advisors LLC purchased a new stake in QUALCOMM in the second quarter valued at $230,000. Cardinal Capital Management Inc. grew its stake in shares of QUALCOMM by 5.8% in the second quarter. Cardinal Capital Management Inc. now owns 10,900 shares of the wireless technology company’s stock valued at $602,000 after buying an additional 600 shares in the last quarter. Capital One National Association grew its stake in shares of QUALCOMM by 9.3% in the second quarter. Capital One National Association now owns 13,908 shares of the wireless technology company’s stock valued at $768,000 after buying an additional 1,180 shares in the last quarter. Finally, Farmers Trust Co. grew its stake in shares of QUALCOMM by 0.9% in the second quarter. Farmers Trust Co. now owns 5,214 shares of the wireless technology company’s stock valued at $288,000 after buying an additional 48 shares in the last quarter. Institutional investors own 76.23% of the company’s stock.
A number of brokerages have recently weighed in on QCOM. Sanford C. Bernstein reaffirmed a “hold” rating on shares of QUALCOMM in a research note on Monday, November 13th. Vetr raised QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 price objective for the company in a research note on Monday, November 13th. Stifel Nicolaus cut QUALCOMM from a “buy” rating to a “hold” rating and lifted their price objective for the company from $65.00 to $75.00 in a research note on Tuesday, November 28th. ValuEngine raised QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, BidaskClub cut QUALCOMM from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. QUALCOMM presently has a consensus rating of “Hold” and a consensus price target of $66.06.
QUALCOMM, Inc. (QCOM) opened at $65.38 on Tuesday. QUALCOMM, Inc. has a one year low of $48.92 and a one year high of $69.28. The company has a market capitalization of $96,380.00, a price-to-earnings ratio of 39.62, a P/E/G ratio of 1.85 and a beta of 1.39. 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 (NASDAQ:QCOM) last released its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the firm posted $1.28 EPS. QUALCOMM’s revenue for the quarter was down 3.5% on a year-over-year basis. analysts anticipate that QUALCOMM, Inc. will post 3.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.49%. QUALCOMM’s payout ratio is 138.18%.
In other QUALCOMM news, EVP Alexander H. Rogers sold 874 shares of QUALCOMM stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $68.52, for a total transaction of $59,886.48. Following the completion of the sale, the executive vice president now directly owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matthew S. Grob sold 20,000 shares of QUALCOMM stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $60.44, for a total value of $1,208,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 72,989 shares of company stock valued at $4,678,794 over the last three months. 0.24% of the stock is currently owned by insiders.
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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