Burke & Herbert Bank & Trust Co. Has $734,000 Stake in QUALCOMM, Inc. (QCOM)

Burke & Herbert Bank & Trust Co. lifted its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 11,458 shares of the wireless technology company’s stock after acquiring an additional 774 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in QUALCOMM were worth $734,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of QUALCOMM by 1.5% during 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 shares of QUALCOMM by 16.5% during 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 shares of QUALCOMM by 2.0% during 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 shares of QUALCOMM by 41.8% during 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 shares of QUALCOMM by 2.6% during 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. Institutional investors and hedge funds own 75.68% of the company’s stock.

QUALCOMM, Inc. (NASDAQ:QCOM) opened at $66.59 on Thursday. 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, Inc. has a 52-week low of $48.92 and a 52-week high of $69.28. The company has a market capitalization of $98,580.00, a PE ratio of -23.53, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 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 company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same period last year, the company posted $1.19 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. equities research analysts anticipate that QUALCOMM, Inc. will post 2.8 EPS for the current fiscal 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 of this dividend 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%.

Several research firms have recently issued reports on QCOM. Vetr upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, November 27th. Macquarie increased their target price on QUALCOMM from $55.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Canaccord Genuity increased their target price on QUALCOMM from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Stifel Nicolaus lowered QUALCOMM from a “buy” rating to a “hold” rating and increased their target price for the stock from $65.00 to $75.00 in a research report on Tuesday, November 28th. Finally, ValuEngine lowered QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. QUALCOMM has a consensus rating of “Hold” and a consensus price target of $68.25.

In other news, EVP Alexander H. Rogers sold 713 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $68.20, for a total transaction of $48,626.60. Following the completion of the sale, the executive vice president now directly owns 10,403 shares in the company, valued at $709,484.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total value of $521,830.40. 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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