Greenwood Capital Associates LLC acquired a new position in QUALCOMM, Inc. (NASDAQ:QCOM) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 36,113 shares of the wireless technology company’s stock, valued at approximately $2,312,000.
Other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of QUALCOMM in the 4th quarter worth about $126,000. Westwood Holdings Group Inc. purchased a new stake in shares of QUALCOMM in the 2nd quarter worth about $114,000. Krilogy Financial LLC boosted its position in shares of QUALCOMM by 47.0% in the 2nd quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock worth $129,000 after buying an additional 745 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of QUALCOMM in the 2nd quarter worth about $141,000. Finally, FNY Partners Fund LP boosted its position in shares of QUALCOMM by 102.0% in the 2nd quarter. FNY Partners Fund LP now owns 3,100 shares of the wireless technology company’s stock worth $171,000 after buying an additional 1,565 shares in the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.
QCOM has been the subject of several analyst reports. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 target price for the company in a research note on Monday, November 13th. Canaccord Genuity boosted their target price on shares of QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, November 13th. KeyCorp boosted their target price on shares of QUALCOMM from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Nomura raised 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. Finally, Royal Bank of Canada boosted their target price on shares of QUALCOMM from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $68.25.
QUALCOMM, Inc. (NASDAQ:QCOM) opened at $62.81 on Tuesday. QUALCOMM, Inc. has a one year low of $48.92 and a one year high of $69.28. The company has a current ratio of 3.41, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. The company has a market cap of $92,980.00, a PE ratio of -25.64, a PEG ratio of 1.96 and a beta of 1.35.
QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.07. The firm had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $5.93 billion. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. sell-side analysts forecast that QUALCOMM, Inc. will post 2.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s dividend payout ratio (DPR) is presently -93.06%.
QUALCOMM Company Profile
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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