The fund owned 34,542 shares of the wireless technology company’s stock after buying an additional 71 shares during the period. LLC purchased a new position in QUALCOMM during the fourth quarter valued at approximately $105,000. The Accipiter Capital Management Llc holds 141,637 shares with $11.79 million value, down from 207,291 last quarter. Edmond DE Rothschild Monaco acquired a new stake in QUALCOMM during the third quarter valued at about $112,000. BlackRock Institutional Trust Company N.A. now owns 39,745,533 shares of the wireless technology company’s stock worth $2,722,569,000 after buying an additional 780,682 shares during the period. BKS Advisors LLC bought a new stake in QUALCOMM during the third quarter worth $176,000. Finally, Adalta Capital Management LLC bought a new stake in QUALCOMM during the first quarter valued at $3,349,000. Northern Trust Corp now owns 20,283,988 shares of the wireless technology company’s stock worth $1,389,454,000 after buying an additional 513,204 shares during the period.
A number of other institutional investors have also added to or reduced their stakes in QCOM.
Stratos Wealth Partners Ltd increased Qualcomm Inc (QCOM) stake by 7.23% reported in 2016Q4 SEC filing. (NASDAQ:QCOM) traded up 1.17% during trading on Friday, reaching $55.32. The firm has a market capitalization of $85.20 billion, a P/E ratio of 19.22 and a beta of 1.31.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -7.49%, and has a poor year to date (YTD) performance of -13.12% which means the stock is constantly subtracting to its value from the previous fiscal year end price. QUALCOMM also was the target of unusually large options trading activity on Friday. Stock traders purchased 51,480 call options on the stock. This represents an increase of approximately 364% compared to the average daily volume of 11,084 call options.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.29.
On the other hand, T-Mobile US Inc would benefit from greater scale in the industry if it were to combine with rival Sprint Corp, the chief financial officer of the No. 3 wireless carrier said at a conference on Thursday.”There is a huge prize when you talk about Sprint, and that’s true hard synergies”, said Braxton Carter, T-Mobile’s chief financial officer, citing more than $30 billion in estimated synergies over time between the companies.
The company has -6.30% returns on equity value while its ROI ratio was 2.20%. Over the trailing year, the stock is underperforming the S&P 500 by 8.54, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. Equities research analysts anticipate that QUALCOMM, Inc. will post $4.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Exxonmobil Tx holds 0.5% or 341,850 shares in its portfolio. The ex-dividend date of this dividend is Friday, May 26th. Its latest closing price was 4.42% below/above the SMA200 while the distance from the SMA 50 and SMA 20 was -3.38% and -2.16% respectively. Aqr Capital Management Limited Co owns 0.4% invested in QUALCOMM, Inc. QUALCOMM’s payout ratio is now 64.63%.
COPYRIGHT VIOLATION NOTICE: This news story was first reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation. Winslow Evans & Crocker Inc. boosted its position in shares of QUALCOMM by 10.8% in the third quarter.
QCOM has been the topic of several recent analyst reports. Share performance for the month is now at 6.67%. Brean Capital restated a “hold” rating on shares of QUALCOMM in a report on Thursday, January 26th. The firm has “Buy” rating by Argus Research given on Wednesday, April 6. Finally, Vetr lowered shares of QUALCOMM from a strong-buy rating to a buy rating and set a $74.42 target price for the company.in a research report on Tuesday, January 17th. Rosenblatt Securities downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $56.00 price objective on the stock.in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $63.62. The firm owned 1,671,984 shares of the wireless technology company’s stock after buying an additional 190,730 shares during the period. From the opening price, the stock has seen a change of 1.61% recently clocking in with a price of $57.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.