Boston Family Office LLC Decreases Holdings in QUALCOMM, Inc. (QCOM)

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Boston Family Office LLC trimmed its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,568 shares of the wireless technology company’s stock after selling 3,230 shares during the quarter. Boston Family Office LLC’s holdings in QUALCOMM were worth $1,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lavaca Capital LLC acquired a new stake in shares of QUALCOMM during the 4th quarter worth $25,000. Csenge Advisory Group acquired a new stake in shares of QUALCOMM during the 3rd quarter worth $28,000. Transamerica Financial Advisors Inc. grew its holdings in shares of QUALCOMM by 688.5% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 615 shares of the wireless technology company’s stock worth $35,000 after purchasing an additional 537 shares in the last quarter. Pearl River Capital LLC acquired a new stake in shares of QUALCOMM during the 4th quarter worth $40,000. Finally, Essex Savings Bank acquired a new stake in shares of QUALCOMM during the 4th quarter worth $48,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:QCOM opened at $55.40 on Friday. The stock has a market capitalization of $66.37 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.73 and a beta of 1.21. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 4.25. QUALCOMM, Inc. has a twelve month low of $48.56 and a twelve month high of $76.50.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.11. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. QUALCOMM’s revenue was down 21.3% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Equities analysts predict that QUALCOMM, Inc. will post 3.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.48%. The ex-dividend date is Wednesday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.

Several research firms have recently issued reports on QCOM. Zacks Investment Research raised QUALCOMM from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, February 13th. BidaskClub lowered QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 29th. Raymond James set a $65.00 target price on QUALCOMM and gave the stock a “buy” rating in a report on Saturday, February 2nd. Barclays reissued a “buy” rating and set a $70.00 target price on shares of QUALCOMM in a report on Friday, January 18th. Finally, Morgan Stanley raised QUALCOMM from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 15th. Thirteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. QUALCOMM presently has a consensus rating of “Hold” and an average target price of $66.00.

In related news, EVP James H. Thompson sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $50.75, for a total value of $2,030,000.00. Following the sale, the executive vice president now directly owns 62,301 shares of the company’s stock, valued at $3,161,775.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

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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.

See Also: Growth Stocks

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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