SG Americas Securities LLC boosted its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 295.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 401,581 shares of the wireless technology company’s stock after acquiring an additional 299,964 shares during the quarter. SG Americas Securities LLC’s holdings in QUALCOMM were worth $25,709,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mizuho Securities USA LLC acquired a new stake in QUALCOMM in the 4th quarter valued at $256,000. Lenox Wealth Management Inc. grew its position in QUALCOMM by 6.6% in the 4th quarter. Lenox Wealth Management Inc. now owns 14,708 shares of the wireless technology company’s stock valued at $942,000 after purchasing an additional 916 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in QUALCOMM in the 4th quarter valued at $280,000. Unison Advisors LLC acquired a new stake in QUALCOMM in the 4th quarter valued at $1,179,000. Finally, Ascension Asset Management LLC acquired a new stake in QUALCOMM in the 4th quarter valued at $1,597,000. 75.67% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Matthew S. Grob sold 43,000 shares of QUALCOMM stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $65.35, for a total transaction of $2,810,050.00. Following the sale, the executive vice president now directly owns 43,000 shares in the company, valued at approximately $2,810,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexander H. Rogers sold 713 shares of QUALCOMM 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 sale, the executive vice president now owns 10,403 shares in the company, valued at $709,484.60. The disclosure for this sale can be found here. Insiders have sold a total of 44,632 shares of company stock worth $2,917,787 over the last quarter. Company insiders own 0.17% of the company’s stock.
Shares of QUALCOMM, Inc. (QCOM) opened at $63.32 on Monday. The company has a market capitalization of $93,740.00, a price-to-earnings ratio of -25.84, a PEG ratio of 1.97 and a beta of 1.38. QUALCOMM, Inc. has a 52 week low of $48.92 and a 52 week high of $69.28. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.41.
QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.07. The company had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $5.93 billion. QUALCOMM had a negative return on equity of 79.10% and a negative net margin of 88.84%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. research analysts predict that QUALCOMM, Inc. will post 2.8 earnings per share 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 paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s payout ratio is -93.06%.
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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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