Horan Capital Management trimmed its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,744 shares of the wireless technology company’s stock after selling 2,731 shares during the period. QUALCOMM makes up approximately 1.9% of Horan Capital Management’s holdings, making the stock its 23rd biggest holding. Horan Capital Management’s holdings in QUALCOMM were worth $9,330,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of QCOM. Vanguard Group Inc. boosted its position in QUALCOMM by 1.5% during the second quarter. Vanguard Group Inc. now owns 103,484,572 shares of the wireless technology company’s stock worth $5,714,418,000 after acquiring an additional 1,537,645 shares during the last quarter. FMR LLC lifted its holdings in shares of QUALCOMM by 16.5% in the 2nd quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock worth $4,446,786,000 after acquiring an additional 11,387,347 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of QUALCOMM by 2.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 25,674,098 shares of the wireless technology company’s stock worth $1,330,946,000 after acquiring an additional 498,324 shares during the last quarter. Capital International Investors lifted its holdings in shares of QUALCOMM by 41.8% in the 3rd quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock worth $1,112,250,000 after acquiring an additional 6,322,645 shares during the last quarter. Finally, Northern Trust Corp increased its stake in QUALCOMM by 2.6% during the 2nd quarter. Northern Trust Corp now owns 19,519,161 shares of the wireless technology company’s stock worth $1,077,848,000 after buying an additional 499,531 shares during the period. Institutional investors and hedge funds own 78.11% of the company’s stock.
QUALCOMM, Inc. (NASDAQ QCOM) traded up $0.38 during mid-day trading on Wednesday, reaching $60.08. 21,665,508 shares of the company traded hands, compared to its average volume of 13,096,910. QUALCOMM, Inc. has a 1-year low of $48.92 and a 1-year high of $69.28. The company has a quick ratio of 3.25, a current ratio of 3.41 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $87,560.00, a P/E ratio of -24.44, a P/E/G ratio of 1.95 and a beta of 1.35.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. The company had revenue of $6.10 billion during 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%. QUALCOMM’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 EPS. sell-side analysts expect that QUALCOMM, Inc. will post 2.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be issued 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 3.79%. QUALCOMM’s dividend payout ratio is -93.06%.
Several equities research analysts recently weighed in on the stock. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $74.63 target price on the stock in a research note on Friday, January 26th. Mizuho reaffirmed a “buy” rating and issued a $75.00 target price (up from $65.00) on shares of QUALCOMM in a research report on Wednesday, January 17th. Northland Securities reaffirmed a “buy” rating and issued a $75.00 target price on shares of QUALCOMM in a research report on Thursday, February 1st. Stifel Nicolaus cut shares of QUALCOMM from a “buy” rating to a “hold” rating and increased their price target for the stock from $65.00 to $75.00 in a research note on Tuesday, November 28th. Finally, BidaskClub cut shares of QUALCOMM from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $68.25.
In other news, EVP Alexander H. Rogers sold 713 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $709,484.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matthew S. Grob sold 43,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total value of $2,810,050.00. Following the completion of the sale, the executive vice president now directly owns 43,000 shares of the company’s stock, valued at $2,810,050. The disclosure for this sale can be found here. Insiders sold 95,938 shares of company stock worth $6,137,671 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.
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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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