10 15 Associates Inc. grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1,351.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,451 shares of the wireless technology company’s stock after purchasing an additional 177,331 shares during the period. QUALCOMM makes up about 3.0% of 10 15 Associates Inc.’s portfolio, making the stock its 9th biggest position. 10 15 Associates Inc.’s holdings in QUALCOMM were worth $10,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of QCOM. Stifel Financial Corp raised its holdings in shares of QUALCOMM by 47.4% in the first quarter. Stifel Financial Corp now owns 2,932,964 shares of the wireless technology company’s stock worth $168,002,000 after buying an additional 943,026 shares during the period. First Foundation Advisors raised its holdings in shares of QUALCOMM by 0.6% in the first quarter. First Foundation Advisors now owns 269,214 shares of the wireless technology company’s stock worth $15,437,000 after buying an additional 1,503 shares during the period. Pacer Advisors Inc. raised its holdings in shares of QUALCOMM by 18.1% in the first quarter. Pacer Advisors Inc. now owns 67,369 shares of the wireless technology company’s stock worth $3,863,000 after buying an additional 10,336 shares during the period. Baxter Bros Inc. raised its holdings in shares of QUALCOMM by 17.3% in the first quarter. Baxter Bros Inc. now owns 69,412 shares of the wireless technology company’s stock worth $3,980,000 after buying an additional 10,236 shares during the period. Finally, Swiss National Bank raised its holdings in shares of QUALCOMM by 27.5% in the first quarter. Swiss National Bank now owns 5,233,165 shares of the wireless technology company’s stock worth $300,070,000 after buying an additional 1,128,700 shares during the period. 77.03% of the stock is owned by institutional investors and hedge funds.
In other QUALCOMM news, President Derek K. Aberle sold 23,104 shares of QUALCOMM stock in a transaction on Monday, July 10th. The shares were sold at an average price of $55.38, for a total value of $1,279,499.52. Following the transaction, the president now owns 5,855 shares in the company, valued at approximately $324,249.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michelle M. Sterling sold 4,740 shares of QUALCOMM stock in a transaction on Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,995 shares of company stock worth $1,587,390. 0.24% of the stock is owned by company insiders.
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QUALCOMM Incorporated (QCOM) traded up 0.583% on Tuesday, reaching $50.865. The company had a trading volume of 2,033,995 shares. The stock has a 50 day moving average price of $52.35 and a 200 day moving average price of $55.24. The stock has a market capitalization of $75.08 billion, a PE ratio of 19.481 and a beta of 1.29. QUALCOMM Incorporated has a 52-week low of $48.92 and a 52-week high of $71.62.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.02. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.25 billion. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. QUALCOMM’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter last year, the business earned $1.16 EPS. Analysts expect that QUALCOMM Incorporated will post $4.16 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be issued a $0.57 dividend. The ex-dividend date is Monday, August 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.51%. QUALCOMM’s dividend payout ratio (DPR) is presently 87.36%.
Several brokerages have recently weighed in on QCOM. J P Morgan Chase & Co reiterated an “overweight” rating on shares of QUALCOMM in a report on Wednesday, September 6th. William Blair reiterated a “market perform” rating on shares of QUALCOMM in a report on Tuesday, September 5th. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price target on shares of QUALCOMM in a report on Thursday, August 24th. Zacks Investment Research upgraded QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of QUALCOMM in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $63.96.
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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