QUALCOMM, Inc. (QCOM) Position Lifted by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 19.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,417,868 shares of the wireless technology company’s stock after buying an additional 232,633 shares during the quarter. Lazard Asset Management LLC’s holdings in QUALCOMM were worth $90,770,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Wrapmanager Inc. acquired a new position in shares of QUALCOMM in the third quarter valued at about $369,000. Garde Capital Inc. increased its holdings in shares of QUALCOMM by 77.8% in the third quarter. Garde Capital Inc. now owns 17,252 shares of the wireless technology company’s stock valued at $894,000 after purchasing an additional 7,547 shares during the period. Conning Inc. increased its holdings in shares of QUALCOMM by 16.4% in the third quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock valued at $37,293,000 after purchasing an additional 101,483 shares during the period. Ffcm LLC increased its holdings in shares of QUALCOMM by 44.7% in the third quarter. Ffcm LLC now owns 101,475 shares of the wireless technology company’s stock valued at $5,261,000 after purchasing an additional 31,326 shares during the period. Finally, Iberiabank Corp increased its holdings in shares of QUALCOMM by 10.5% in the third quarter. Iberiabank Corp now owns 62,137 shares of the wireless technology company’s stock valued at $3,224,000 after purchasing an additional 5,928 shares during the period. 77.98% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

In other QUALCOMM news, EVP Alexander H. Rogers sold 663 shares of the stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $56.59, for a total transaction of $37,519.17. Following the transaction, the executive vice president now owns 8,794 shares in the company, valued at $497,652.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matthew S. Grob sold 43,000 shares of the stock in a transaction that occurred 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 transaction, 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 95,682 shares of company stock worth $6,116,080 in the last quarter. 0.17% of the stock is currently owned by company insiders.

A number of brokerages have recently weighed in on QCOM. KeyCorp increased their price objective on QUALCOMM from $68.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, February 1st. ValuEngine upgraded QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Canaccord Genuity upped their target price on QUALCOMM from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Vetr downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 target price on the stock. in a research note on Thursday, February 1st. Finally, Deutsche Bank started coverage on QUALCOMM in a research note on Thursday, March 15th. They issued a “hold” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $67.78.

Shares of QCOM stock opened at $53.12 on Monday. The company has a market cap of $78,636.88, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.44. The company has a current ratio of 3.41, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. QUALCOMM, Inc. has a 12-month low of $48.92 and a 12-month high of $69.28.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a yield of 4.29%. QUALCOMM’s dividend payout ratio is currently 60.32%.

COPYRIGHT VIOLATION WARNING: “QUALCOMM, Inc. (QCOM) Position Lifted by Lazard Asset Management LLC” was posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3342654/qualcomm-inc-qcom-position-lifted-by-lazard-asset-management-llc.html.

QUALCOMM Company Profile

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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM, Inc. (NASDAQ:QCOM).

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Somewhat Favorable News Coverage Somewhat Unlikely to Affect UDR  Stock Price
Somewhat Favorable News Coverage Somewhat Unlikely to Affect UDR Stock Price
Duke Realty  Receives Coverage Optimism Rating of 0.25
Duke Realty Receives Coverage Optimism Rating of 0.25
Everi  Lowered to “Sell” at Zacks Investment Research
Everi Lowered to “Sell” at Zacks Investment Research
Investors Buy The Coca-Cola  on Weakness
Investors Buy The Coca-Cola on Weakness
Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Jazz Pharmaceuticals  Stock Price
Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Jazz Pharmaceuticals Stock Price
Traders Buy Shares of United Parcel Service  on Weakness
Traders Buy Shares of United Parcel Service on Weakness


© 2006-2018 Ticker Report. Google+.