Cantab Capital Partners LLP boosted its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 133.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,256 shares of the wireless technology company’s stock after buying an additional 12,133 shares during the period. Cantab Capital Partners LLP’s holdings in QUALCOMM were worth $1,386,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Jennison Associates LLC raised its stake in shares of QUALCOMM by 139.4% in the third quarter. Jennison Associates LLC now owns 17,576,366 shares of the wireless technology company’s stock valued at $1,203,981,000 after buying an additional 10,234,556 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of QUALCOMM during the third quarter valued at approximately $408,900,000. Capital World Investors raised its stake in shares of QUALCOMM by 57.2% in the third quarter. Capital World Investors now owns 11,400,000 shares of the wireless technology company’s stock valued at $780,900,000 after buying an additional 4,150,000 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of QUALCOMM by 16.5% in the third quarter. BlackRock Fund Advisors now owns 21,432,143 shares of the wireless technology company’s stock valued at $1,468,102,000 after buying an additional 3,035,542 shares in the last quarter. Finally, FMR LLC raised its stake in shares of QUALCOMM by 3.7% in the fourth quarter. FMR LLC now owns 68,251,589 shares of the wireless technology company’s stock valued at $4,450,003,000 after buying an additional 2,439,365 shares in the last quarter. Hedge funds and other institutional investors own 79.28% of the company’s stock.
QUALCOMM, Inc. (NASDAQ:QCOM) traded up 0.10% during mid-day trading on Thursday, hitting $52.66. 24,658,481 shares of the stock were exchanged. QUALCOMM, Inc. has a 12-month low of $50.11 and a 12-month high of $71.62. The stock has a market capitalization of $77.78 billion, a P/E ratio of 16.06 and a beta of 1.31. The firm has a 50-day moving average price of $56.53 and a 200-day moving average price of $61.96.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.29. QUALCOMM had a return on equity of 20.25% and a net margin of 20.56%. The business earned $5.99 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same period in the prior year, the company earned $1.04 EPS. QUALCOMM’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts predict that QUALCOMM, Inc. will post $4.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st will be given a $0.57 dividend. The ex-dividend date is Friday, May 26th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.53. This represents a $2.28 annualized dividend and a yield of 4.33%. QUALCOMM’s dividend payout ratio (DPR) is currently 64.63%.
Several research analysts have issued reports on QCOM shares. Cowen and Company lowered their price objective on shares of QUALCOMM to $73.00 in a research report on Thursday, January 26th. Morgan Stanley lowered their price objective on shares of QUALCOMM to $60.00 in a research report on Thursday, January 26th. Instinet lowered their price objective on shares of QUALCOMM to $65.00 in a research report on Thursday, January 26th. Vetr downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $74.42 target price on the stock. in a report on Tuesday, January 17th. Finally, Rosenblatt Securities raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Thursday, January 12th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. QUALCOMM currently has a consensus rating of “Hold” and a consensus price target of $66.98.
In other news, Director Anthony J. Vinciquerra bought 1,000 shares of the company’s stock in a transaction on Monday, January 30th. The stock was purchased at an average cost of $53.99 per share, for a total transaction of $53,990.00. Following the completion of the transaction, the director now owns 1,281 shares of the company’s stock, valued at $69,161.19. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Cristiano R. Amon bought 18,815 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was purchased at an average price of $53.13 per share, with a total value of $999,640.95. The disclosure for this purchase can be found here. 0.24% of the stock is currently 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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