Beacon Investment Advisory Services Inc. decreased its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,777 shares of the wireless technology company’s stock after selling 12,057 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in QUALCOMM were worth $3,955,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Wrapmanager Inc. bought a new stake in shares of QUALCOMM in the third quarter valued at approximately $369,000. Garde Capital Inc. raised its position 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. raised its position 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. Stephens Inc. AR raised its position in shares of QUALCOMM by 10.8% in the second quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock valued at $6,377,000 after purchasing an additional 11,232 shares during the period. Finally, Ffcm LLC raised its position 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. 78.11% of the stock is currently owned by institutional investors and hedge funds.
In other QUALCOMM news, EVP Alexander H. Rogers sold 713 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $68.20, for a total value of $48,626.60. Following the completion of the transaction, the executive vice president now owns 10,403 shares of the company’s stock, valued at approximately $709,484.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Alexander H. Rogers sold 1,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $66.94, for a total transaction of $78,989.20. The disclosure for this sale can be found here. In the last three months, insiders sold 45,812 shares of company stock valued at $2,996,776. Corporate insiders own 0.24% of the company’s stock.
QUALCOMM, Inc. (QCOM) opened at $62.81 on Tuesday. The company has a quick ratio of 3.25, a current ratio of 3.41 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. The company has a market cap of $92,980.00, a P/E ratio of -25.64, a price-to-earnings-growth ratio of 1.96 and a beta of 1.35.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.07. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The business had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $5.93 billion. During the same quarter in the previous year, the company earned $1.19 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. sell-side analysts expect that QUALCOMM, Inc. will post 2.8 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a yield of 3.63%. QUALCOMM’s dividend payout ratio is presently -93.06%.
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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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