Tdam USA Inc. trimmed its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 24.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,337 shares of the wireless technology company’s stock after selling 59,450 shares during the quarter. Tdam USA Inc.’s holdings in QUALCOMM were worth $9,556,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Westwood Holdings Group Inc. purchased a new position in shares of QUALCOMM during the 2nd quarter worth approximately $114,000. Krilogy Financial LLC raised its stake in shares of QUALCOMM by 47.0% during the 2nd quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock worth $129,000 after buying an additional 745 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of QUALCOMM during the 2nd quarter worth approximately $141,000. Jacobi Capital Management LLC raised its stake in shares of QUALCOMM by 7.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock worth $154,000 after buying an additional 200 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of QUALCOMM by 40.7% during the 2nd quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after buying an additional 842 shares in the last quarter. 76.23% of the stock is owned by institutional investors.
QUALCOMM, Inc. (QCOM) opened at $68.04 on Friday. QUALCOMM, Inc. has a one year low of $48.92 and a one year high of $69.28. The firm has a market capitalization of $100,725.40, a P/E ratio of 18.00, a P/E/G ratio of 1.93 and a beta of 1.39. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63.
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 given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s payout ratio is 138.18%.
A number of equities analysts have recently issued reports on QCOM shares. BMO Capital Markets increased their target price on QUALCOMM from $55.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. UBS Group raised QUALCOMM from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 8th. Royal Bank of Canada increased their target price on QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Canaccord Genuity increased their target price on QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. Finally, Mizuho reissued a “buy” rating on shares of QUALCOMM in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $67.14.
In other QUALCOMM news, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total transaction of $521,830.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matthew S. Grob sold 43,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $65.35, for a total value of $2,810,050.00. Following the transaction, the executive vice president now directly owns 43,000 shares of the company’s stock, valued at approximately $2,810,050. The disclosure for this sale can be found here. Insiders have sold 72,989 shares of company stock valued at $4,678,794 in the last three months. 0.17% of the stock is currently owned by company insiders.
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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