Tower Research Capital LLC TRC decreased its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 80.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,150 shares of the wireless technology company’s stock after selling 33,827 shares during the period. Tower Research Capital LLC TRC’s holdings in QUALCOMM were worth $719,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC bought a new stake in shares of QUALCOMM during the third quarter worth $224,000. State of Michigan Retirement System grew its holdings in shares of QUALCOMM by 0.4% in the 3rd quarter. State of Michigan Retirement System now owns 292,271 shares of the wireless technology company’s stock valued at $22,294,000 after buying an additional 1,200 shares during the period. Compass Capital Management Inc. grew its holdings in shares of QUALCOMM by 1.6% in the 3rd quarter. Compass Capital Management Inc. now owns 427,374 shares of the wireless technology company’s stock valued at $32,600,000 after buying an additional 6,579 shares during the period. 6 Meridian grew its holdings in shares of QUALCOMM by 128.4% during the third quarter. 6 Meridian now owns 313,090 shares of the wireless technology company’s stock worth $23,883,000 after buying an additional 176,039 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its position in QUALCOMM by 3.9% in the 3rd quarter. 180 Wealth Advisors LLC now owns 3,744 shares of the wireless technology company’s stock valued at $287,000 after buying an additional 141 shares during the last quarter. 77.19% of the stock is owned by hedge funds and other institutional investors.
In other QUALCOMM news, President Cristiano R. Amon sold 19,045 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $85.18, for a total value of $1,622,253.10. Following the transaction, the president now directly owns 58,780 shares in the company, valued at $5,006,880.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Donald J. Rosenberg sold 28,729 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $84.51, for a total transaction of $2,427,887.79. Following the completion of the transaction, the executive vice president now owns 18,431 shares in the company, valued at $1,557,603.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,268 shares of company stock worth $7,803,600. Corporate insiders own 0.12% of the company’s stock.
Shares of NASDAQ QCOM traded down $1.09 during mid-day trading on Thursday, hitting $89.47. The company had a trading volume of 8,211,816 shares, compared to its average volume of 9,264,986. The company has a market capitalization of $100.62 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56. The firm has a 50-day simple moving average of $89.61 and a two-hundred day simple moving average of $82.69. The company has a current ratio of 1.76, a quick ratio of 1.61 and a debt-to-equity ratio of 2.98. QUALCOMM, Inc. has a one year low of $51.90 and a one year high of $96.17.
QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.14. QUALCOMM had a return on equity of 66.54% and a net margin of 17.31%. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the company earned $1.20 EPS. QUALCOMM’s revenue for the quarter was up 4.9% compared to the same quarter last year. Sell-side analysts expect that QUALCOMM, Inc. will post 3.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.62 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $2.48 annualized dividend and a dividend yield of 2.77%. QUALCOMM’s dividend payout ratio is currently 87.32%.
QUALCOMM Company Profile
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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