Hays Advisory LLC increased its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 22.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,281 shares of the wireless technology company’s stock after acquiring an additional 1,167 shares during the quarter. Hays Advisory LLC’s holdings in QUALCOMM were worth $402,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. FMR LLC increased its position in QUALCOMM by 16.5% in the second quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock worth $4,446,786,000 after buying an additional 11,387,347 shares during the last quarter. Veritas Asset Management LLP purchased a new stake in QUALCOMM in the second quarter worth $440,415,000. Capital International Investors increased its position in QUALCOMM by 41.8% in the third quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock worth $1,112,250,000 after buying an additional 6,322,645 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in QUALCOMM in the second quarter worth $210,548,000. Finally, Parnassus Investments CA increased its position in QUALCOMM by 62.4% in the third quarter. Parnassus Investments CA now owns 7,809,000 shares of the wireless technology company’s stock worth $404,819,000 after buying an additional 3,000,000 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.
Shares of QUALCOMM, Inc. (NASDAQ QCOM) opened at $66.98 on Tuesday. The stock has a market capitalization of $99,150.00, a price-to-earnings ratio of -27.34, a P/E/G 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.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s dividend payout ratio is -93.06%.
In related news, EVP Alexander H. Rogers sold 919 shares of QUALCOMM stock in a transaction on 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 sale, the executive vice president now owns 11,116 shares of the company’s stock, valued at $714,981.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Matthew S. Grob sold 43,000 shares of QUALCOMM stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total value of $2,810,050.00. Following the sale, the executive vice president now directly owns 43,000 shares of the company’s stock, valued at approximately $2,810,050. 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. 0.24% of the stock is owned by corporate insiders.
A number of analysts have issued reports on QCOM shares. Vetr raised QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 target price for the company in a research report on Monday, November 13th. Canaccord Genuity raised their target price on QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Citigroup raised their target price on QUALCOMM from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Standpoint Research downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Finally, UBS Group decreased their target price on QUALCOMM from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $68.25.
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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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