First Business Financial Services Inc. grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM – Get Rating) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,491 shares of the wireless technology company’s stock after purchasing an additional 100 shares during the period. First Business Financial Services Inc.’s holdings in QUALCOMM were worth $1,736,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of QCOM. Centaurus Financial Inc. raised its stake in QUALCOMM by 0.9% during the 4th quarter. Centaurus Financial Inc. now owns 6,566 shares of the wireless technology company’s stock worth $1,201,000 after acquiring an additional 57 shares during the period. Chase Investment Counsel Corp grew its holdings in shares of QUALCOMM by 0.3% in the fourth quarter. Chase Investment Counsel Corp now owns 21,620 shares of the wireless technology company’s stock valued at $3,953,000 after purchasing an additional 58 shares in the last quarter. Bank of Marin boosted its stake in QUALCOMM by 1.6% during the third quarter. Bank of Marin now owns 3,760 shares of the wireless technology company’s stock worth $485,000 after buying an additional 60 shares during the period. OLD Second National Bank of Aurora boosted its stake in QUALCOMM by 0.3% during the third quarter. OLD Second National Bank of Aurora now owns 21,442 shares of the wireless technology company’s stock worth $2,766,000 after buying an additional 60 shares during the period. Finally, WealthPLAN Partners LLC lifted its position in shares of QUALCOMM by 2.8% during the third quarter. WealthPLAN Partners LLC now owns 2,212 shares of the wireless technology company’s stock worth $406,000 after purchasing an additional 61 shares during the last quarter. 73.61% of the stock is currently owned by institutional investors.
Several research firms recently weighed in on QCOM. Susquehanna decreased their price objective on QUALCOMM from $190.00 to $165.00 in a report on Thursday, April 28th. Morgan Stanley upped their price objective on QUALCOMM from $167.00 to $170.00 in a research report on Thursday, April 28th. Mizuho reduced their target price on QUALCOMM from $210.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, April 18th. Sanford C. Bernstein increased their price objective on QUALCOMM from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 3rd. Finally, Wells Fargo & Company dropped their target price on QUALCOMM from $185.00 to $150.00 in a report on Thursday, April 28th. Ten investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, QUALCOMM has a consensus rating of “Buy” and a consensus price target of $194.77.
Shares of NASDAQ:QCOM traded up $1.02 during trading on Tuesday, reaching $135.94. The stock had a trading volume of 160,772 shares, compared to its average volume of 11,506,730. QUALCOMM Incorporated has a 52 week low of $122.17 and a 52 week high of $193.58. The business’s 50-day moving average price is $147.04 and its 200 day moving average price is $163.72. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.61 and a quick ratio of 1.27. The stock has a market capitalization of $152.25 billion, a PE ratio of 13.81, a P/E/G ratio of 0.78 and a beta of 1.20.
QUALCOMM (NASDAQ:QCOM – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The wireless technology company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.53. QUALCOMM had a net margin of 28.42% and a return on equity of 103.73%. During the same period in the previous year, the firm posted $1.59 earnings per share. Analysts forecast that QUALCOMM Incorporated will post 11.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 23rd. Shareholders of record on Thursday, June 2nd will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, June 1st. This is a boost from QUALCOMM’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 2.21%. QUALCOMM’s payout ratio is 27.84%.
QUALCOMM Company Profile (Get Rating)
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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