Sandy Spring Bank lessened its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,359 shares of the wireless technology company’s stock after selling 8,032 shares during the period. Sandy Spring Bank’s holdings in QUALCOMM were worth $6,169,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in QCOM. Westwood Holdings Group Inc. bought a new stake in shares of QUALCOMM in the 2nd quarter worth approximately $114,000. Cerebellum GP LLC bought a new stake in shares of QUALCOMM in the 4th quarter worth approximately $126,000. Krilogy Financial LLC raised its holdings 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 purchasing an additional 745 shares during the period. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of QUALCOMM in the 2nd quarter worth approximately $141,000. Finally, Cable Hill Partners LLC raised its holdings in shares of QUALCOMM by 1,316.7% in the 3rd quarter. Cable Hill Partners LLC now owns 3,145 shares of the wireless technology company’s stock worth $163,000 after purchasing an additional 2,923 shares during the period. Hedge funds and other institutional investors own 78.11% of the company’s stock.
In related news, EVP James H. Thompson sold 50,126 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $62.66, for a total value of $3,140,895.16. Following the completion of the transaction, the executive vice president now directly owns 136,482 shares in the company, valued at $8,551,962.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alexander H. Rogers sold 1,180 shares of the company’s stock in a transaction 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. Insiders have sold a total of 95,938 shares of company stock valued at $6,137,671 over the last 90 days. Company insiders own 0.24% of the company’s stock.
QUALCOMM, Inc. (NASDAQ:QCOM) opened at $59.70 on Wednesday. The company has a market cap of $88,380.00, a price-to-earnings ratio of -24.37, a PEG ratio of 1.96 and a beta of 1.35. 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 1 year low of $48.92 and a 1 year high of $69.28.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $6.10 billion during the quarter, compared to analyst estimates of $5.93 billion. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 EPS. sell-side analysts anticipate that QUALCOMM, Inc. will post 2.8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.82%. QUALCOMM’s dividend payout ratio (DPR) is currently -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.
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.