QUALCOMM, Inc. (QCOM) Shares Bought by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC lifted its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 541,210 shares of the wireless technology company’s stock after buying an additional 4,110 shares during the quarter. Nisa Investment Advisors LLC’s holdings in QUALCOMM were worth $34,648,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Wrapmanager Inc. acquired a new stake in QUALCOMM in the third quarter worth about $369,000. Conning Inc. increased its position in QUALCOMM by 16.4% in the third quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock worth $37,293,000 after purchasing an additional 101,483 shares during the period. Stephens Inc. AR increased its position in QUALCOMM by 10.8% in the second quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock worth $6,377,000 after purchasing an additional 11,232 shares during the period. Ffcm LLC increased its position in QUALCOMM by 44.7% in the third quarter. Ffcm LLC now owns 101,475 shares of the wireless technology company’s stock worth $5,261,000 after purchasing an additional 31,326 shares during the period. Finally, Iberiabank Corp increased its position in QUALCOMM by 10.5% in the third quarter. Iberiabank Corp now owns 62,137 shares of the wireless technology company’s stock worth $3,224,000 after purchasing an additional 5,928 shares during the period. 75.68% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Alexander H. Rogers sold 874 shares of QUALCOMM stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $68.52, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexander H. Rogers sold 713 shares of QUALCOMM 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 transaction, the executive vice president now owns 10,403 shares in the company, valued at approximately $709,484.60. The disclosure for this sale can be found here. Insiders have sold a total of 53,346 shares of company stock worth $3,499,504 in the last quarter. 0.24% of the stock is currently owned by company insiders.
QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.07. The company had revenue of $6.10 billion during the quarter, compared to analyst estimates of $5.93 billion. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 EPS. equities research analysts predict that QUALCOMM, Inc. will post 2.8 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Tuesday, February 27th. QUALCOMM’s dividend payout ratio (DPR) is presently -80.57%.
A number of analysts recently commented on the company. Zacks Investment Research lowered QUALCOMM from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. ValuEngine upgraded QUALCOMM from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. KeyCorp lifted their price objective on QUALCOMM from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Northland Securities reiterated a “buy” rating and issued a $75.00 price objective on shares of QUALCOMM in a research report on Thursday, February 1st. Finally, Vetr lowered QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 price objective for the company. in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $68.25.
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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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