Calamos Advisors LLC lowered its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,508 shares of the wireless technology company’s stock after selling 39,966 shares during the period. Calamos Advisors LLC’s holdings in QUALCOMM were worth $12,196,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of QCOM. Capital International Investors boosted its stake in shares of QUALCOMM by 41.8% in the 3rd 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 in the last quarter. Veritas Asset Management LLP boosted its stake in shares of QUALCOMM by 68.4% in the 3rd quarter. Veritas Asset Management LLP now owns 13,429,265 shares of the wireless technology company’s stock valued at $696,173,000 after purchasing an additional 5,453,631 shares in the last quarter. Parnassus Investments CA boosted its stake in shares of QUALCOMM by 62.4% in the 3rd quarter. Parnassus Investments CA now owns 7,809,000 shares of the wireless technology company’s stock valued at $404,819,000 after purchasing an additional 3,000,000 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of QUALCOMM by 7,466.2% in the 3rd quarter. Stifel Financial Corp now owns 2,872,490 shares of the wireless technology company’s stock valued at $148,873,000 after purchasing an additional 2,834,525 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of QUALCOMM by 21.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 11,218,088 shares of the wireless technology company’s stock valued at $581,538,000 after purchasing an additional 1,964,525 shares in the last quarter. Hedge funds and other institutional investors own 77.98% of the company’s stock.
QCOM has been the topic of several recent analyst reports. Vetr upgraded shares of QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $76.13 target price on the stock in a research note on Tuesday, January 2nd. Nomura upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and boosted their target price for the company from $58.00 to $75.00 in a research note on Tuesday, January 16th. ValuEngine downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Mizuho reaffirmed a “buy” rating and issued a $75.00 price target (up from $65.00) on shares of QUALCOMM in a report on Wednesday, January 17th. Finally, Macquarie lifted their price target on QUALCOMM from $55.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have given a buy rating to the stock. QUALCOMM currently has a consensus rating of “Hold” and a consensus target price of $67.78.
Shares of NASDAQ:QCOM opened at $53.12 on Friday. The stock has a market cap of $81,479.18, a price-to-earnings ratio of 14.05, a PEG ratio of 1.71 and a beta of 1.44. QUALCOMM, Inc. has a 1-year low of $48.92 and a 1-year high of $69.28. 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 (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.07. The firm had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $5.93 billion. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The company’s quarterly revenue 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. sell-side analysts expect that QUALCOMM, Inc. will post 2.8 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.57 per share. The ex-dividend date was Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 4.29%. QUALCOMM’s dividend payout ratio is currently 60.32%.
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QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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