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.
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.
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%.
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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.
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