Dowling & Yahnke LLC raised its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 163,525 shares of the wireless technology company’s stock after acquiring an additional 1,077 shares during the period. QUALCOMM makes up 0.9% of Dowling & Yahnke LLC’s portfolio, making the stock its 21st largest holding. Dowling & Yahnke LLC’s holdings in QUALCOMM were worth $10,469,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wrapmanager Inc. purchased a new position in shares of QUALCOMM in the 3rd quarter worth $369,000. Garde Capital Inc. grew its stake in shares of QUALCOMM by 77.8% in the 3rd quarter. Garde Capital Inc. now owns 17,252 shares of the wireless technology company’s stock worth $894,000 after buying an additional 7,547 shares in the last quarter. Conning Inc. grew its stake in shares of QUALCOMM by 16.4% in the 3rd 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 in the last quarter. Stephens Inc. AR grew its stake in shares of QUALCOMM by 10.8% in the 2nd 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 in the last quarter. Finally, Ffcm LLC grew its stake in shares of QUALCOMM by 44.7% in the 3rd quarter. Ffcm LLC now owns 101,475 shares of the wireless technology company’s stock worth $5,261,000 after buying an additional 31,326 shares in the last quarter. Institutional investors own 78.11% of the company’s stock.
In other news, EVP James H. Thompson sold 50,126 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $62.66, for a total value of $3,140,895.16. Following the completion of the sale, the executive vice president now owns 136,482 shares in the company, valued at approximately $8,551,962.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alexander H. Rogers sold 919 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were 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 approximately $714,981.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,938 shares of company stock valued at $6,137,671. 0.24% of the stock is owned by corporate insiders.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. The company 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 firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 EPS. equities research analysts anticipate that QUALCOMM, Inc. will post 2.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be given a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 3.82%. QUALCOMM’s dividend payout ratio (DPR) is -93.06%.
QCOM has been the subject of a number of recent research reports. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $74.63 price objective for the company in a research note on Friday, January 26th. ValuEngine raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Nomura raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $58.00 to $75.00 in a research note on Tuesday, January 16th. Canaccord Genuity lifted their price objective on shares of QUALCOMM from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Mizuho reissued a “buy” rating and issued a $75.00 price objective (up from $65.00) on shares of QUALCOMM in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. QUALCOMM currently has a consensus rating of “Hold” and an average price target 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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