Endurance Wealth Management Inc. reduced its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380,964 shares of the wireless technology company’s stock after selling 4,040 shares during the quarter. QUALCOMM comprises about 3.9% of Endurance Wealth Management Inc.’s portfolio, making the stock its 3rd biggest position. Endurance Wealth Management Inc.’s holdings in QUALCOMM were worth $24,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in QUALCOMM by 16.5% in the second quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock valued at $4,446,786,000 after buying an additional 11,387,347 shares during the period. Veritas Asset Management LLP acquired a new position in QUALCOMM in the second quarter valued at approximately $440,415,000. Capital International Investors lifted its holdings in QUALCOMM by 41.8% in the third quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock valued at $1,112,250,000 after buying an additional 6,322,645 shares during the period. Maverick Capital Ltd. acquired a new position in QUALCOMM in the second quarter valued at approximately $210,548,000. Finally, Parnassus Investments CA lifted its holdings in QUALCOMM by 62.4% in the third quarter. Parnassus Investments CA now owns 7,809,000 shares of the wireless technology company’s stock valued at $404,819,000 after buying an additional 3,000,000 shares during the period. 75.68% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on QCOM shares. Canaccord Genuity increased their price objective on shares of QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a report on Monday, November 13th. Royal Bank of Canada increased their price objective on shares of QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Vetr lowered shares of QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 price objective on the stock. in a report on Monday, November 6th. ValuEngine lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Nomura upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and increased their price objective for the company from $58.00 to $75.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.25.
In related news, EVP Alexander H. Rogers sold 713 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $68.20, for a total value of $48,626.60. Following the completion of the transaction, the executive vice president now owns 10,403 shares of the company’s stock, valued at $709,484.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Matthew S. Grob sold 43,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total transaction of $2,810,050.00. Following the completion of the transaction, the executive vice president now directly owns 43,000 shares of the company’s stock, valued at approximately $2,810,050. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,346 shares of company stock worth $3,499,504. 0.17% of the stock is currently owned by company insiders.
Shares of QUALCOMM, Inc. (NASDAQ QCOM) opened at $64.85 on Monday. QUALCOMM, Inc. has a twelve month low of $48.92 and a twelve month 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. The company has a market cap of $96,000.00, a price-to-earnings ratio of -26.47, a P/E/G ratio of 2.02 and a beta of 1.38.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same period last year, the business posted $1.19 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. analysts predict that QUALCOMM, Inc. will post 2.8 EPS for the current year.
The business also recently disclosed 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 dividend yield of 3.52%. QUALCOMM’s payout ratio is -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.
Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM, Inc. (NASDAQ:QCOM).
Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.