Dowling & Yahnke LLC grew its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,525 shares of the wireless technology company’s stock after buying an additional 1,077 shares during the quarter. QUALCOMM accounts for 0.9% of Dowling & Yahnke LLC’s portfolio, making the stock its 21st largest position. Dowling & Yahnke LLC’s holdings in QUALCOMM were worth $10,469,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in QUALCOMM by 1.5% in the second quarter. Vanguard Group Inc. now owns 103,484,572 shares of the wireless technology company’s stock worth $5,714,418,000 after purchasing an additional 1,537,645 shares during the last quarter. FMR LLC boosted its holdings in QUALCOMM by 16.5% in the second quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock worth $4,446,786,000 after purchasing an additional 11,387,347 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in QUALCOMM by 2.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 25,674,098 shares of the wireless technology company’s stock worth $1,330,946,000 after purchasing an additional 498,324 shares during the last quarter. Capital International Investors boosted its holdings in QUALCOMM by 41.8% in the third quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock worth $1,112,250,000 after purchasing an additional 6,322,645 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in QUALCOMM by 2.6% in the second quarter. Northern Trust Corp now owns 19,519,161 shares of the wireless technology company’s stock worth $1,077,848,000 after purchasing an additional 499,531 shares during the last quarter. Hedge funds and other institutional investors own 78.11% of the company’s stock.
Shares of QUALCOMM, Inc. (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. QUALCOMM, Inc. has a 52-week low of $48.92 and a 52-week high of $69.28. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.41.
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 issued 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 3.82%. QUALCOMM’s dividend payout ratio is currently -93.06%.
Several research firms have weighed in on QCOM. Vetr upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $74.63 price target on the stock in a research report on Friday, January 26th. Mizuho reiterated a “buy” rating and issued a $75.00 price target (up from $65.00) on shares of QUALCOMM in a research report on Wednesday, January 17th. Northland Securities reiterated a “buy” rating and issued a $75.00 price target on shares of QUALCOMM in a research report on Thursday, February 1st. Stifel Nicolaus downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and increased their price target for the stock from $65.00 to $75.00 in a research report on Tuesday, November 28th. Finally, BidaskClub downgraded shares of QUALCOMM from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $68.25.
In other QUALCOMM news, EVP Alexander H. Rogers sold 919 shares of QUALCOMM stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $64.32, for a total value of $59,110.08. Following the sale, the executive vice president now directly owns 11,116 shares in the company, valued at approximately $714,981.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James H. Thompson sold 50,126 shares of QUALCOMM stock in a transaction on Friday, March 9th. The shares were sold at an average price of $62.66, for a total transaction of $3,140,895.16. Following the completion of the sale, the executive vice president now owns 136,482 shares in the company, valued at $8,551,962.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,938 shares of company stock worth $6,137,671. 0.24% of the stock is currently owned by insiders.
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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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