Barings LLC Purchases 60,300 Shares of QUALCOMM, Inc. (QCOM)

Barings LLC grew its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 1,374.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,688 shares of the wireless technology company’s stock after acquiring an additional 60,300 shares during the quarter. Barings LLC’s holdings in QUALCOMM were worth $4,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH boosted its position in shares of QUALCOMM by 4.6% during the fourth quarter. Trust Co. of Toledo NA OH now owns 49,703 shares of the wireless technology company’s stock valued at $3,182,000 after buying an additional 2,193 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of QUALCOMM by 4.3% during the fourth quarter. New Mexico Educational Retirement Board now owns 142,007 shares of the wireless technology company’s stock valued at $9,091,000 after buying an additional 5,800 shares during the last quarter. Lyons Wealth Management LLC. purchased a new position in shares of QUALCOMM during the fourth quarter valued at approximately $203,000. Rational Advisors LLC boosted its position in shares of QUALCOMM by 89.7% during the fourth quarter. Rational Advisors LLC now owns 20,725 shares of the wireless technology company’s stock valued at $1,326,000 after buying an additional 9,800 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in shares of QUALCOMM by 17.5% during the fourth quarter. Brighton Jones LLC now owns 7,170 shares of the wireless technology company’s stock valued at $459,000 after buying an additional 1,068 shares during the last quarter. Hedge funds and other institutional investors own 77.96% of the company’s stock.

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Shares of QCOM stock opened at $53.66 on Friday. The stock has a market capitalization of $84,099.43, a price-to-earnings ratio of -18.89, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.41 and a quick ratio of 3.25. QUALCOMM, Inc. has a one year low of $48.92 and a one year high of $69.28.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.07. The firm had revenue of $6.10 billion for the quarter, compared to analyst estimates of $5.93 billion. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 earnings per share. equities research analysts predict that QUALCOMM, Inc. will post 2.8 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th were paid a $0.57 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $2.28 annualized dividend and a dividend yield of 4.25%. QUALCOMM’s payout ratio is presently -80.28%.

In related news, EVP Alexander H. Rogers sold 919 shares of the business’s 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 sale, the executive vice president now directly owns 11,116 shares in the company, valued at approximately $714,981.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alexander H. Rogers sold 713 shares of the business’s stock in a transaction on Monday, January 29th. The shares were 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. Over the last 90 days, insiders sold 95,938 shares of company stock worth $6,137,671. Corporate insiders own 0.17% of the company’s stock.

Several brokerages recently issued reports on QCOM. KeyCorp lifted their target price on QUALCOMM from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Vetr cut QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 target price on the stock. in a research report on Thursday, February 1st. Canaccord Genuity lifted their target price on QUALCOMM from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. ValuEngine raised QUALCOMM from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank began coverage on QUALCOMM in a research report on Thursday, March 15th. They set a “hold” rating and a $60.00 target price on the stock. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $68.05.

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About QUALCOMM

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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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