Annex Advisory Services LLC boosted its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 9.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,592 shares of the wireless technology company’s stock after acquiring an additional 1,533 shares during the period. Annex Advisory Services LLC’s holdings in QUALCOMM were worth $912,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. United Asset Strategies Inc. purchased a new position in shares of QUALCOMM in the second quarter worth $5,249,000. Conning Inc. raised its holdings in shares of QUALCOMM by 16.4% in the third quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock worth $37,293,000 after buying an additional 101,483 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of QUALCOMM by 10.8% in the second quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock worth $6,377,000 after buying an additional 11,232 shares during the last quarter. Private Asset Management Inc. raised its holdings in shares of QUALCOMM by 0.5% in the second quarter. Private Asset Management Inc. now owns 736,973 shares of the wireless technology company’s stock worth $40,696,000 after buying an additional 4,028 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of QUALCOMM by 3.6% in the second quarter. UBS Asset Management Americas Inc. now owns 4,668,570 shares of the wireless technology company’s stock worth $257,798,000 after buying an additional 160,226 shares during the last quarter. 76.53% of the stock is owned by institutional investors.
Shares of QUALCOMM, Inc. (QCOM) opened at $66.47 on Friday. QUALCOMM, Inc. has a 52-week low of $48.92 and a 52-week high of $69.28. The stock has a market cap of $98,640.00, a PE ratio of 40.28, a PEG ratio of 1.87 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Tuesday, November 28th. QUALCOMM’s dividend payout ratio is currently 138.18%.
In other news, EVP Alexander H. Rogers sold 874 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $68.52, for a total value of $59,886.48. Following the transaction, the executive vice president now directly owns 12,035 shares of the company’s stock, valued at $824,638.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alexander H. Rogers sold 919 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $64.32, for a total transaction of $59,110.08. Following the completion of the transaction, the executive vice president now directly owns 11,116 shares in the company, valued at $714,981.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,989 shares of company stock worth $1,868,744. Insiders own 0.17% of the company’s stock.
A number of research analysts have issued reports on the stock. UBS Group decreased their price target on shares of QUALCOMM from $58.00 to $53.00 and set a “buy” rating for the company in a report on Monday, November 6th. Mizuho reaffirmed a “buy” rating on shares of QUALCOMM in a report on Friday, October 27th. Wells Fargo & Co cut shares of QUALCOMM from an “outperform” rating to a “market perform” rating in a report on Monday, November 6th. Royal Bank of Canada raised shares of QUALCOMM from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $55.00 to $70.00 in a report on Wednesday, November 8th. Finally, Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $66.06.
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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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