Syntal Capital Partners LLC raised its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 46.6% in the 4th quarter, Holdings Channel reports. The firm owned 8,118 shares of the wireless technology company’s stock after acquiring an additional 2,580 shares during the period. Syntal Capital Partners LLC’s holdings in QUALCOMM were worth $519,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in QCOM. FCA Corp TX increased its stake in shares of QUALCOMM by 1.0% during the second quarter. FCA Corp TX now owns 4,866 shares of the wireless technology company’s stock valued at $269,000 after buying an additional 49 shares during the period. Meridian Investment Counsel Inc. increased its stake in shares of QUALCOMM by 0.3% during the second quarter. Meridian Investment Counsel Inc. now owns 18,293 shares of the wireless technology company’s stock valued at $1,010,000 after buying an additional 50 shares during the period. Valueworks LLC increased its stake in shares of QUALCOMM by 0.3% during the second quarter. Valueworks LLC now owns 14,976 shares of the wireless technology company’s stock valued at $827,000 after buying an additional 50 shares during the period. Birch Hill Investment Advisors LLC increased its stake in shares of QUALCOMM by 1.4% during the second quarter. Birch Hill Investment Advisors LLC now owns 3,651 shares of the wireless technology company’s stock valued at $202,000 after buying an additional 51 shares during the period. Finally, Logan Capital Management Inc. increased its stake in shares of QUALCOMM by 0.6% during the second quarter. Logan Capital Management Inc. now owns 11,095 shares of the wireless technology company’s stock valued at $613,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.
Several research firms have recently issued reports on QCOM. Zacks Investment Research cut QUALCOMM from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. ValuEngine raised QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. KeyCorp boosted their target price on QUALCOMM from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Northland Securities reissued a “buy” rating and set a $75.00 target price on shares of QUALCOMM in a research note on Thursday, February 1st. Finally, Vetr cut QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 target price on the stock. in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.25.
Shares of QUALCOMM, Inc. (QCOM) opened at $64.85 on Monday. QUALCOMM, Inc. has a 12 month low of $48.92 and a 12 month high of $69.28. The company has a market capitalization of $96,001.54, a price-to-earnings ratio of -22.83, a PEG ratio of 2.02 and a beta of 1.38. The company has a quick ratio of 3.25, a current ratio of 3.41 and a debt-to-equity ratio of 0.81.
QUALCOMM (NASDAQ:QCOM) last released its earnings results 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 positive return on equity of 18.10% and a negative net margin of 18.65%. The firm had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $5.93 billion. During the same period in the prior year, the firm posted $1.19 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that QUALCOMM, Inc. will post 2.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.52%. QUALCOMM’s dividend payout ratio is currently -80.28%.
In other news, EVP Matthew S. Grob sold 43,000 shares of the stock in a transaction on Tuesday, January 9th. The stock was 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 of the company’s stock, valued at $2,810,050. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alexander H. Rogers sold 713 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $68.20, for a total value of $48,626.60. Following the completion of the sale, the executive vice president now directly owns 10,403 shares in the company, valued at $709,484.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,346 shares of company stock worth $3,499,504. Insiders own 0.24% of the company’s stock.
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QUALCOMM Company Profile
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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