King Luther Capital Management Corp raised its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 26.8% during the 4th quarter, HoldingsChannel reports. The fund owned 11,916 shares of the wireless technology company’s stock after purchasing an additional 2,522 shares during the period. King Luther Capital Management Corp’s holdings in QUALCOMM were worth $678,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in QCOM. Wisconsin Capital Management LLC acquired a new position in shares of QUALCOMM during the fourth quarter worth approximately $324,000. Banco Santander S.A. raised its stake in shares of QUALCOMM by 16.3% in the fourth quarter. Banco Santander S.A. now owns 31,419 shares of the wireless technology company’s stock valued at $1,788,000 after purchasing an additional 4,400 shares in the last quarter. Camelot Portfolios LLC raised its stake in shares of QUALCOMM by 1.9% in the fourth quarter. Camelot Portfolios LLC now owns 11,742 shares of the wireless technology company’s stock valued at $668,000 after purchasing an additional 221 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of QUALCOMM by 24.3% in the fourth quarter. Venturi Wealth Management LLC now owns 4,271 shares of the wireless technology company’s stock valued at $238,000 after purchasing an additional 836 shares in the last quarter. Finally, AMG National Trust Bank raised its stake in shares of QUALCOMM by 1.7% in the fourth quarter. AMG National Trust Bank now owns 80,257 shares of the wireless technology company’s stock valued at $4,568,000 after purchasing an additional 1,333 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.
In other QUALCOMM news, EVP James H. Thompson sold 40,000 shares of the stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $50.75, for a total value of $2,030,000.00. Following the transaction, the executive vice president now owns 62,301 shares of the company’s stock, valued at $3,161,775.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by company insiders.
QUALCOMM stock opened at $55.40 on Friday. The stock has a market capitalization of $67.05 billion, a P/E ratio of 17.37, a PEG ratio of 1.73 and a beta of 1.21. QUALCOMM, Inc. has a 12-month low of $48.56 and a 12-month high of $76.50. 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 (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.11. The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The firm’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. As a group, equities analysts predict that QUALCOMM, Inc. will post 3.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.48%. The ex-dividend date is Wednesday, March 6th. QUALCOMM’s dividend payout ratio is 77.74%.
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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