Northern Capital Management LLC Increases Stake in QUALCOMM, Inc. (QCOM)

Northern Capital Management LLC grew its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 4.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,542 shares of the wireless technology company’s stock after buying an additional 4,163 shares during the period. QUALCOMM accounts for approximately 1.4% of Northern Capital Management LLC’s holdings, making the stock its 12th biggest holding. Northern Capital Management LLC’s holdings in QUALCOMM were worth $5,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lavaca Capital LLC purchased a new position in QUALCOMM in the 4th quarter valued at about $25,000. Csenge Advisory Group purchased a new position in QUALCOMM in the 3rd quarter valued at about $28,000. Essex Savings Bank purchased a new position in QUALCOMM in the 4th quarter valued at about $48,000. Gradient Investments LLC boosted its position in QUALCOMM by 30.3% in the 4th quarter. Gradient Investments LLC now owns 1,259 shares of the wireless technology company’s stock valued at $72,000 after buying an additional 293 shares during the last quarter. Finally, Legacy Financial Advisors Inc. boosted its position in QUALCOMM by 102.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,299 shares of the wireless technology company’s stock valued at $74,000 after buying an additional 657 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

A number of research firms have weighed in on QCOM. BidaskClub cut shares of QUALCOMM from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. ValuEngine cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. UBS Group upped their price objective on shares of QUALCOMM from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, November 5th. Cowen decreased their price objective on shares of QUALCOMM from $80.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, November 8th. Finally, Bank of America cut shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.25.

In related news, EVP Donald J. Rosenberg sold 9,048 shares of the stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $58.01, for a total transaction of $524,874.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Cristiano R. Amon sold 18,323 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $60.23, for a total transaction of $1,103,594.29. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,668 shares of company stock worth $1,976,189. 0.11% of the stock is owned by company insiders.

Shares of QUALCOMM stock opened at $50.29 on Monday. The stock has a market capitalization of $60.87 billion, a PE ratio of 15.76, a P/E/G ratio of 1.58 and a beta of 1.17. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 4.25. QUALCOMM, Inc. has a 1 year low of $48.56 and a 1 year high of $76.50.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.11. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.89 billion. QUALCOMM had a net margin of 10.03% and a return on equity of 36.66%. The company’s revenue for the quarter was down 21.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. Sell-side analysts forecast that QUALCOMM, Inc. will post 3.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.48 annualized dividend and a yield of 4.93%. QUALCOMM’s dividend payout ratio (DPR) is 77.74%.

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QUALCOMM 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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