Rothschild Investment Corp IL Increases Position in QUALCOMM, Inc. (QCOM)
Rothschild Investment Corp IL increased its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 212,767 shares of the wireless technology company’s stock after purchasing an additional 942 shares during the period. QUALCOMM makes up about 1.2% of Rothschild Investment Corp IL’s investment portfolio, making the stock its 16th largest position. Rothschild Investment Corp IL’s holdings in QUALCOMM were worth $11,030,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Goodwin Daniel L bought a new position in QUALCOMM during the third quarter valued at $518,000. Levy Harkins & Co. Inc. increased its position in QUALCOMM by 1.9% during the third quarter. Levy Harkins & Co. Inc. now owns 275,400 shares of the wireless technology company’s stock valued at $14,277,000 after acquiring an additional 5,160 shares during the last quarter. Parsec Financial Management Inc. increased its position in QUALCOMM by 8.6% during the third quarter. Parsec Financial Management Inc. now owns 243,156 shares of the wireless technology company’s stock valued at $12,605,000 after acquiring an additional 19,223 shares during the last quarter. Donald L. Hagan LLC bought a new position in QUALCOMM during the third quarter valued at $1,165,000. Finally, First Trust Advisors LP increased its position in QUALCOMM by 5.0% during the third quarter. First Trust Advisors LP now owns 3,387,233 shares of the wireless technology company’s stock valued at $175,594,000 after acquiring an additional 160,949 shares during the last quarter. Institutional investors own 76.53% of the company’s stock.
In related news, EVP Alexander H. Rogers sold 874 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $68.52, for a total value of $59,886.48. Following the transaction, the executive vice president now owns 12,035 shares in the company, valued at approximately $824,638.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Matthew S. Grob sold 20,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,427 shares of company stock worth $1,827,995. 0.17% of the stock is owned by corporate insiders.
QUALCOMM, Inc. (NASDAQ:QCOM) opened at $64.73 on Friday. QUALCOMM, Inc. has a fifty-two week low of $48.92 and a fifty-two week high of $69.28. The company has a current ratio of 4.00, a quick ratio of 3.81 and a debt-to-equity ratio of 0.63. The stock has a market cap of $94,921.48, a PE ratio of 39.23, a PEG ratio of 1.83 and a beta of 1.39.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the company earned $1.28 EPS. QUALCOMM’s quarterly revenue was down 3.5% on a year-over-year basis. sell-side analysts forecast that QUALCOMM, Inc. will post 3.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 29th were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 3.52%. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.
QCOM has been the topic of a number of analyst reports. Vetr upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 price objective on the stock in a research report on Monday, November 13th. Stifel Nicolaus reiterated a “buy” rating on shares of QUALCOMM in a research report on Thursday, October 12th. Canaccord Genuity boosted their price objective on shares of QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, November 13th. Citigroup boosted their price objective on shares of QUALCOMM from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Standpoint Research cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $66.02.
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QUALCOMM Company 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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