Flinton Capital Management LLC purchased a new position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 57,792 shares of the wireless technology company’s stock, valued at approximately $3,768,000.
A number of other large investors also recently bought and sold shares of the stock. FMR LLC raised its stake in QUALCOMM by 3.7% in the fourth quarter. 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. State Street Corp raised its stake in QUALCOMM by 1.6% in the fourth quarter. State Street Corp now owns 67,531,171 shares of the wireless technology company’s stock worth $4,403,029,000 after buying an additional 1,059,009 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in QUALCOMM by 2.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,745,533 shares of the wireless technology company’s stock worth $2,722,569,000 after buying an additional 780,682 shares in the last quarter. BlackRock Fund Advisors raised its stake in QUALCOMM by 16.5% in the third quarter. BlackRock Fund Advisors now owns 21,432,143 shares of the wireless technology company’s stock worth $1,468,102,000 after buying an additional 3,035,542 shares in the last quarter. Finally, Northern Trust Corp raised its stake in QUALCOMM by 2.6% in the third quarter. Northern Trust Corp now owns 20,283,988 shares of the wireless technology company’s stock worth $1,389,454,000 after buying an additional 513,204 shares in the last quarter. 79.28% of the stock is currently owned by institutional investors.
QUALCOMM, Inc. (NASDAQ:QCOM) traded up 0.10% on Thursday, hitting $52.66. The company had a trading volume of 24,658,481 shares. The firm’s 50 day moving average price is $56.53 and its 200 day moving average price is $61.96. The stock has a market cap of $77.78 billion, a P/E ratio of 16.06 and a beta of 1.31. QUALCOMM, Inc. has a 12-month low of $50.11 and a 12-month high of $71.62.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.29. The firm earned $5.99 billion during the quarter, compared to analysts’ expectations of $5.86 billion. QUALCOMM had a net margin of 20.56% and a return on equity of 20.25%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 earnings per share. Equities analysts predict that QUALCOMM, Inc. will post $4.66 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.57 per share. This is a boost from QUALCOMM’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, May 26th. This represents a $2.28 dividend on an annualized basis and a yield of 4.33%. QUALCOMM’s dividend payout ratio (DPR) is currently 64.63%.
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QCOM has been the topic of a number of recent analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $81.00 price objective on shares of QUALCOMM in a report on Thursday, January 12th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $80.00 price objective on shares of QUALCOMM in a report on Wednesday, January 18th. Morgan Stanley restated an “equal weight” rating on shares of QUALCOMM in a research note on Wednesday, January 25th. Brean Capital restated a “hold” rating on shares of QUALCOMM in a research note on Thursday, January 26th. Finally, Zacks Investment Research downgraded QUALCOMM from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $66.98.
In other news, EVP Cristiano R. Amon acquired 18,815 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was bought at an average price of $53.13 per share, with a total value of $999,640.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony J. Vinciquerra acquired 1,000 shares of the company’s stock in a transaction dated Monday, January 30th. The shares were purchased at an average cost of $53.99 per share, with a total value of $53,990.00. Following the acquisition, the director now owns 1,281 shares of the company’s stock, valued at approximately $69,161.19. The disclosure for this purchase can be found here. 0.24% of the stock is owned by company insiders.
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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