1 week Ago By ABMN Staff
Strategic Financial Concepts LLC increased its holdings in shares of QUALCOMM Incorporated ( NASDAQ:QCOM – Free Report ) by 15,749.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 554,253 shares of the wireless technology company’s stock after acquiring an additional 550,756 shares during the quarter.
Strategic Financial Concepts LLC’s holdings in QUALCOMM were worth $1,104,000 as of its most recent SEC filing. A number of other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc.
MD increased its holdings in shares of QUALCOMM by 8.1% during the 4th quarter. Price T Rowe Associates Inc.
MD now owns 25,336,496 shares of the wireless technology company’s stock worth $3,664,418,000 after acquiring an additional 1,909,025 shares during the last quarter. Norges Bank bought a new stake in QUALCOMM in the 4th quarter valued at $2,507,978,000. Matrix Capital Management Company LP bought a new stake in QUALCOMM in the 1st quarter valued at $1,171,516,000.
Putnam Investments LLC boosted its stake in QUALCOMM by 4.3% in the 4th quarter. Putnam Investments LLC now owns 6,340,667 shares of the wireless technology company’s stock valued at $917,051,000 after purchasing an additional 263,482 shares during the period.
Finally, Van ECK Associates Corp boosted its stake in QUALCOMM by 34.8% in the 1st quarter. Van ECK Associates Corp now owns 5,890,193 shares of the wireless technology company’s stock valued at $997,210,000 after purchasing an additional 1,519,781 shares during the period.
74.35% of the stock is owned by institutional investors and hedge funds. Insider Activity at QUALCOMM In related news, CTO James H.
Thompson sold 8,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $199.47, for a total transaction of $1,595,760.
00. Following the sale, the chief technology officer now owns 237,893 shares in the company, valued at approximately $47,452,516.71.
The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website . In related news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated Monday, July 1st.
The stock was sold at an average price of $199.47, for a total transaction of $1,595,760.00.
Following the sale, the chief technology officer now owns 237,893 shares in the company, valued at approximately $47,452,516.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website .
Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $205.
61, for a total value of $616,830.00. Following the sale, the chief financial officer now owns 60,343 shares in the company, valued at approximately $12,407,124.
23. The disclosure for this sale can be found here . Insiders have sold a total of 19,000 shares of company stock worth $3,496,590 in the last 90 days.
Corporate insiders own 0.08% of the company’s stock. QUALCOMM Trading Down 3.
4 % QUALCOMM ( NASDAQ:QCOM – Get Free Report ) last issued its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.
72 by $0.21. The company had revenue of $9.
39 billion during the quarter, compared to analysts’ expectations of $9.23 billion. QUALCOMM had a return on equity of 38.
12% and a net margin of 23.32%. On average, equities research analysts forecast that QUALCOMM Incorporated will post 7.
98 earnings per share for the current year. QUALCOMM Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be paid a $0.
85 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.
40 annualized dividend and a dividend yield of 2.15%. QUALCOMM’s payout ratio is 45.
70%. Wall Street Analyst Weigh In Several analysts recently issued reports on the company. Westpark Capital restated a “hold” rating on shares of QUALCOMM in a research note on Tuesday, July 30th.
Susquehanna upped their target price on QUALCOMM from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th.
Hsbc Global Res downgraded QUALCOMM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 17th. TD Cowen upped their target price on QUALCOMM from $200.00 to $235.
00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Finally, Tigress Financial upped their target price on QUALCOMM from $238.00 to $270.
00 and gave the company a “buy” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.
com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.63. View Our Latest Report on QCOM About QUALCOMM ( Free Report ) QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry 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 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products. Further Reading 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 ..
