Valueworks LLC Has $827,000 Holdings in QUALCOMM Incorporated (QCOM)
Valueworks LLC raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,976 shares of the wireless technology company’s stock after buying an additional 50 shares during the quarter. QUALCOMM accounts for approximately 0.6% of Valueworks LLC’s holdings, making the stock its 27th biggest holding. Valueworks LLC’s holdings in QUALCOMM were worth $827,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Ronald Blue & Co. LLC grew its holdings in shares of QUALCOMM by 0.5% in the 2nd quarter. Ronald Blue & Co. LLC now owns 3,760 shares of the wireless technology company’s stock worth $208,000 after purchasing an additional 18 shares during the last quarter. Hollencrest Securities LLC grew its holdings in shares of QUALCOMM by 0.9% in the 2nd quarter. Hollencrest Securities LLC now owns 4,356 shares of the wireless technology company’s stock worth $241,000 after purchasing an additional 40 shares during the last quarter. Farmers Trust Co. grew its holdings in shares of QUALCOMM by 0.9% in the 2nd quarter. Farmers Trust Co. now owns 5,214 shares of the wireless technology company’s stock worth $288,000 after purchasing an additional 48 shares during the last quarter. FCA Corp TX grew its holdings in shares of QUALCOMM by 1.0% in 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 last quarter. Finally, Meridian Investment Counsel Inc. grew its holdings in shares of QUALCOMM by 0.3% in 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 last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Alexander H. Rogers sold 874 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $68.52, for a total value of $59,886.48. Following the completion of the sale, the executive vice president now directly owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michelle M. Sterling sold 7,840 shares of the company’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. Over the last ninety days, insiders sold 29,427 shares of company stock valued at $1,827,995. 0.17% of the stock is currently owned by company insiders.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM) opened at $64.98 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. The company has a market capitalization of $95,363.74, a PE ratio of 17.11, a PEG ratio of 1.81 and a beta of 1.39. QUALCOMM Incorporated has a 52 week low of $48.92 and a 52 week high of $70.24.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.22. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. QUALCOMM’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 EPS. sell-side analysts predict that QUALCOMM Incorporated will post 3.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.51%. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.
Several brokerages recently issued reports on QCOM. BMO Capital Markets reiterated a “market perform” rating and set a $55.00 price target on shares of QUALCOMM in a research report on Thursday, August 24th. William Blair reiterated a “market perform” rating on shares of QUALCOMM in a research report on Tuesday, September 5th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of QUALCOMM in a research report on Wednesday, September 6th. Northland Securities upgraded shares of QUALCOMM from a “market perform” rating to an “outperform” rating and set a $62.50 price target on the stock in a research report on Friday, September 15th. Finally, Zacks Investment Research downgraded shares of QUALCOMM from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $66.02.
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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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