Bank of Montreal Can Has $180.23 Million Holdings in QUALCOMM, Inc. (QCOM)

Bank of Montreal Can raised its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 44.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,815,179 shares of the wireless technology company’s stock after buying an additional 860,836 shares during the quarter. Bank of Montreal Can’s holdings in QUALCOMM were worth $180,229,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. FCA Corp TX lifted its stake in shares of QUALCOMM by 1.0% during the 2nd quarter. FCA Corp TX now owns 4,866 shares of the wireless technology company’s stock worth $269,000 after purchasing an additional 49 shares during the period. Meridian Investment Counsel Inc. lifted its stake in shares of QUALCOMM by 0.3% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 18,293 shares of the wireless technology company’s stock worth $1,010,000 after purchasing an additional 50 shares during the period. Valueworks LLC lifted its stake in shares of QUALCOMM by 0.3% during the 2nd quarter. Valueworks LLC now owns 14,976 shares of the wireless technology company’s stock worth $827,000 after purchasing an additional 50 shares during the period. Birch Hill Investment Advisors LLC lifted its stake in shares of QUALCOMM by 1.4% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 3,651 shares of the wireless technology company’s stock worth $202,000 after purchasing an additional 51 shares during the period. Finally, Logan Capital Management Inc. lifted its stake in shares of QUALCOMM by 0.6% during the 2nd quarter. Logan Capital Management Inc. now owns 11,095 shares of the wireless technology company’s stock worth $613,000 after purchasing an additional 64 shares during the period. 75.68% of the stock is currently owned by institutional investors.

Shares of QUALCOMM, Inc. (QCOM) opened at $66.59 on Thursday. QUALCOMM, Inc. has a twelve month low of $48.92 and a twelve month high of $69.28. The stock has a market capitalization of $98,580.00, a price-to-earnings ratio of -23.53, a P/E/G ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.41 and a quick ratio of 3.25.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The firm had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same period in the prior year, the firm earned $1.19 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. equities analysts anticipate 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. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 annualized dividend and a dividend yield of 3.42%. QUALCOMM’s dividend payout ratio is presently -80.57%.

A number of research analysts have weighed in on QCOM shares. Mizuho reissued a “buy” rating on shares of QUALCOMM in a research note on Friday, October 27th. Zacks Investment Research lowered QUALCOMM from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. BMO Capital Markets increased their price target on QUALCOMM from $55.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Canaccord Genuity increased their target price on QUALCOMM from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Sanford C. Bernstein increased their target price on QUALCOMM from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $68.25.

In other news, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total transaction of $521,830.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alexander H. Rogers sold 713 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $68.20, for a total value of $48,626.60. Following the sale, the executive vice president now owns 10,403 shares of the company’s stock, valued at $709,484.60. The disclosure for this sale can be found here. Insiders have sold 53,346 shares of company stock valued at $3,499,504 over the last 90 days. Insiders own 0.24% of the company’s stock.

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QUALCOMM 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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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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