Stevens Capital Management LP's holdings in QUALCOMM were worth $13,550,000 as of its most recent SEC filing. Sold All: 104 Reduced: 514 Increased: 483 New Position: 139. ADV purchased a new position in QUALCOMM during the fourth quarter worth about $1,867,000. The River Road Asset Management Llc holds 1.18M shares with $76.66 million value, up from 699,697 last quarter. 6,644,302 shares of the company's stock were exchanged. Commonwealth Financial Services LLC raised its position in QUALCOMM by 499.5% in the first quarter. Excalibur Management has an ownership of 4,384 stocks of the wireless technology firms shares valued $251,000 after scooping up an extra 31 shares through out the quarter. Norges Bank bought a new stake in shares of QUALCOMM during the fourth quarter worth $922,599,000.
Institutional investors have recently made changes to their positions in the company.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM) opened at 53.19 on Tuesday. Out of 33 Wall Street analysts rating Qualcomm Inc., 12 give it "Buy", 1 "Sell" rating, while 20 recommend "Hold". The stock has a 50-day moving average of $55.67 and a 200-day moving average of $56.35.
The company now has a P/E ratio of 20.25 and the market value is 78.05B.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.25 billion. The business's quarterly revenue was down 11.1% compared to the same quarter previous year. Analysts anticipate that QUALCOMM Incorporated will post $4.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be given a dividend of $0.57 per share. FMR LLC now owns 68,251,589 shares of the wireless technology company's stock worth $4,450,003,000 after buying an additional 2,439,365 shares in the last quarter. QUALCOMM's dividend payout ratio is 87.36%.
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COPYRIGHT VIOLATION WARNING: "QUALCOMM Incorporated Plans Quarterly Dividend of $0.57 (NASDAQ:QCOM)" was first posted by BBNS and is owned by of BBNS. If you are accessing this report on another site, it was illegally copied and republished in violation of USA and global trademark and copyright laws. The original version of this story can be viewed at https://www.baseball-news-blog.com/2017/07/31/cwm-llc-decreases-position-in-qualcomm-incorporated-nasdaqqcom-updated.html. Also, the number of investment professionals holding Qualcomm Inc in their top 10 positions decreased from 107 to 65 for a decrease of 42. Finally, Wells Fargo & Company reissued an "outperform" rating on shares of QUALCOMM in a research note on Tuesday, June 27th. Susquehanna Bancshares Inc restated a positive rating and issued a $61.00 price objective (down previously from $63.00) on shares of QUALCOMM in a research note on Thursday, May 4th. BMO Capital Markets restated a "market perform" rating and issued a $60.00 price target on shares of QUALCOMM in a research note on Saturday, April 22nd. The mean target of $60.00 should be compared with the price when the stock was languishing around $51.05 a share. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of "Hold" and a consensus target price of $64.18.
In related news, Director Ann M. Livermore bought 9,000 shares of the company's stock in a transaction that occurred on Thursday, May 11th. Following the transaction, the executive vice president now directly owns 3,049 shares of the company's stock, valued at $174,646.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
In other news, President Derek K. Aberle sold 23,104 shares of the company's stock in a transaction on Monday, July 10th. The shares were purchased at an average price of $55.02. Glassman Wealth Services now owns 3,094 shares of the wireless technology company's stock worth $202,000 after buying an additional 258 shares during the period.
Donald J. Rosenberg, EVP, GC & Corporate Secretary disclosed the sale of 10,701 shares. Over the last 90 days, insiders sold 62,802 shares of company stock valued at $3,544,381. IPG Investment Advisors LLC now owns 100,965 shares of the wireless technology company's stock worth $5,575,000 after buying an additional 95,240 shares during the period.
QUALCOMM Incorporated, launched on August 15, 1991, is involved in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Firm 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) standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications. (NASDAQ:QCOM). Gabelli Funds Lc owns 29,500 shares.
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