HMS Capital Management LLC grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 19.0% in the 1st quarter, Holdings Channel reports. The fund owned 5,823 shares of the wireless technology company’s stock after acquiring an additional 929 shares during the period. HMS Capital Management LLC’s holdings in QUALCOMM were worth $772,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new stake in shares of QUALCOMM during the fourth quarter valued at about $2,969,000. GW&K Investment Management LLC lifted its position in shares of QUALCOMM by 6.4% during the fourth quarter. GW&K Investment Management LLC now owns 176,441 shares of the wireless technology company’s stock worth $26,879,000 after purchasing an additional 10,683 shares during the last quarter. Paragon Capital Management Ltd bought a new position in shares of QUALCOMM during the fourth quarter worth about $225,000. Fosun International Ltd lifted its position in shares of QUALCOMM by 22.4% during the fourth quarter. Fosun International Ltd now owns 27,300 shares of the wireless technology company’s stock worth $4,054,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Baker Tilly Financial LLC bought a new position in shares of QUALCOMM during the fourth quarter worth about $2,499,000. Institutional investors own 74.76% of the company’s stock.
Several equities analysts have recently commented on the stock. Cascend Securities increased their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 2nd. Mizuho increased their price target on shares of QUALCOMM from $163.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, February 4th. Raymond James increased their price target on shares of QUALCOMM from $150.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 19th. JPMorgan Chase & Co. reduced their price target on shares of QUALCOMM from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 10th. Finally, Morgan Stanley cut their target price on shares of QUALCOMM from $171.00 to $167.00 and set an “overweight” rating on the stock in a report on Thursday, February 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $160.88.
Shares of NASDAQ QCOM traded down $2.32 during midday trading on Monday, hitting $138.25. 524,946 shares of the company’s stock were exchanged, compared to its average volume of 10,492,923. The company has a debt-to-equity ratio of 2.51, a current ratio of 2.14 and a quick ratio of 1.84. The stock’s 50 day moving average price is $134.26 and its 200-day moving average price is $140.45. The firm has a market cap of $157.05 billion, a P/E ratio of 30.58, a PEG ratio of 1.27 and a beta of 1.34. QUALCOMM Incorporated has a twelve month low of $71.44 and a twelve month high of $167.94.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, February 3rd. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.07. QUALCOMM had a return on equity of 90.74% and a net margin of 22.09%. The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue was up 62.2% on a year-over-year basis. On average, analysts expect that QUALCOMM Incorporated will post 6.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 4th were issued a dividend of $0.65 per share. The ex-dividend date was Wednesday, March 3rd. This represents a $2.60 annualized dividend and a yield of 1.88%. QUALCOMM’s payout ratio is 77.84%.
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
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