Jennison Associates LLC reduced its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 39.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,521,746 shares of the wireless technology company’s stock after selling 988,261 shares during the period. Jennison Associates LLC’s holdings in QUALCOMM were worth $97,422,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of QCOM. Vanguard Group Inc. lifted 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 valued at $5,714,418,000 after purchasing an additional 1,537,645 shares during the period. FMR LLC lifted its position in QUALCOMM by 16.5% during the second quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock valued at $4,446,786,000 after purchasing an additional 11,387,347 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in QUALCOMM by 2.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 25,674,098 shares of the wireless technology company’s stock valued at $1,330,946,000 after purchasing an additional 498,324 shares during the period. Capital International Investors lifted its position in QUALCOMM by 41.8% during the third quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock valued at $1,112,250,000 after purchasing an additional 6,322,645 shares during the period. Finally, Northern Trust Corp lifted its position in QUALCOMM by 2.6% during the second quarter. Northern Trust Corp now owns 19,519,161 shares of the wireless technology company’s stock valued at $1,077,848,000 after purchasing an additional 499,531 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.
In related news, EVP Matthew S. Grob sold 43,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total transaction of $2,810,050.00. Following the completion of the sale, the executive vice president now owns 43,000 shares of the company’s stock, valued at approximately $2,810,050. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alexander H. Rogers sold 713 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $68.20, for a total transaction of $48,626.60. Following the sale, the executive vice president now directly owns 10,403 shares of the company’s stock, valued at approximately $709,484.60. The disclosure for this sale can be found here. Insiders have sold 44,632 shares of company stock valued at $2,917,787 in the last three months. Corporate insiders own 0.24% of the company’s stock.
Shares of QUALCOMM, Inc. (QCOM) opened at $66.98 on Tuesday. The company has a market cap of $99,150.00, a PE ratio of -27.34, a PEG ratio of 1.97 and a beta of 1.38. 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, Inc. has a one year low of $48.92 and a one year high of $69.28.
QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $5.93 billion. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 earnings per share. research analysts forecast that QUALCOMM, Inc. will post 2.8 EPS for the current fiscal year.
The business 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. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.40%. QUALCOMM’s dividend payout ratio is currently -93.06%.
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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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