Homrich & Berg Acquires 1,069 Shares of QUALCOMM, Inc. (QCOM)

Homrich & Berg increased its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,496 shares of the wireless technology company’s stock after buying an additional 1,069 shares during the period. Homrich & Berg’s holdings in QUALCOMM were worth $864,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Meridian Investment Counsel Inc. raised its holdings in QUALCOMM by 0.3% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 18,293 shares of the wireless technology company’s stock worth $1,010,000 after purchasing an additional 50 shares during the last quarter. Valueworks LLC raised its holdings in QUALCOMM by 0.3% during the 2nd quarter. Valueworks LLC now owns 14,976 shares of the wireless technology company’s stock worth $827,000 after purchasing an additional 50 shares during the last quarter. Logan Capital Management Inc. raised its holdings in QUALCOMM by 0.6% during the 2nd quarter. Logan Capital Management Inc. now owns 11,095 shares of the wireless technology company’s stock worth $613,000 after purchasing an additional 64 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in QUALCOMM by 2.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 8,648 shares of the wireless technology company’s stock worth $478,000 after purchasing an additional 210 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in QUALCOMM by 6.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 5,960 shares of the wireless technology company’s stock worth $304,000 after purchasing an additional 345 shares during the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.

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Shares of QCOM stock opened at $55.41 on Friday. The firm has a market cap of $82,026.91, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.41 and a quick ratio of 3.25. QUALCOMM, Inc. has a 12 month low of $48.92 and a 12 month high of $69.28.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. The business had revenue of $6.10 billion during the quarter, compared to analyst estimates of $5.93 billion. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. QUALCOMM’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 EPS. analysts forecast that QUALCOMM, Inc. will post 2.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a yield of 4.11%. QUALCOMM’s dividend payout ratio (DPR) is presently 60.32%.

Several research analysts have issued reports on QCOM shares. KeyCorp raised their price target on shares of QUALCOMM from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Northland Securities restated a “buy” rating and set a $75.00 price target on shares of QUALCOMM in a report on Thursday, February 1st. Vetr lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 price target for the company. in a report on Thursday, February 1st. Canaccord Genuity raised their price target on shares of QUALCOMM from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Mizuho restated a “buy” rating and set a $75.00 price target (up previously from $65.00) on shares of QUALCOMM in a report on Wednesday, January 17th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $68.05.

In other QUALCOMM news, EVP Alexander H. Rogers sold 713 shares of QUALCOMM stock in a transaction on Monday, January 29th. The shares were sold at an average price of $68.20, for a total transaction of $48,626.60. Following the transaction, the executive vice president now directly owns 10,403 shares of the company’s stock, valued at approximately $709,484.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matthew S. Grob sold 43,000 shares of QUALCOMM stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $65.35, for a total transaction of $2,810,050.00. Following the transaction, the executive vice president now directly owns 43,000 shares in the company, valued at $2,810,050. The disclosure for this sale can be found here. Insiders have sold a total of 95,682 shares of company stock valued at $6,116,080 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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