Northeast Investment Management Has $211,000 Position in QUALCOMM, Inc. (QCOM)

Northeast Investment Management lowered its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,702 shares of the wireless technology company’s stock after selling 526 shares during the quarter. Northeast Investment Management’s holdings in QUALCOMM were worth $211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCOM. Townsquare Capital LLC acquired a new position in shares of QUALCOMM in the fourth quarter valued at approximately $1,868,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of QUALCOMM by 10.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 415,474 shares of the wireless technology company’s stock valued at $23,645,000 after buying an additional 38,944 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of QUALCOMM by 6.7% in the fourth quarter. Commonwealth Bank of Australia now owns 211,107 shares of the wireless technology company’s stock valued at $12,008,000 after buying an additional 13,204 shares during the period. Korea Investment CORP boosted its holdings in shares of QUALCOMM by 108.1% in the fourth quarter. Korea Investment CORP now owns 1,159,128 shares of the wireless technology company’s stock valued at $65,966,000 after buying an additional 602,100 shares during the period. Finally, Next Capital Management LLC acquired a new position in shares of QUALCOMM in the fourth quarter valued at approximately $232,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Shares of QCOM stock opened at $56.60 on Friday. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.38 and a current ratio of 1.54. The firm has a market capitalization of $68.50 billion, a PE ratio of 17.74, a price-to-earnings-growth 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.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 30th. The wireless technology company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.11. QUALCOMM had a net margin of 10.03% and a return on equity of 36.66%. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was down 21.3% on a year-over-year basis. Analysts anticipate 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. Shareholders of record on Thursday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is currently 77.74%.

In other QUALCOMM news, EVP James H. Thompson sold 40,000 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the sale, the executive vice president now directly 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 accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Several research analysts have recently weighed in on QCOM shares. BMO Capital Markets reiterated a “market perform” rating on shares of QUALCOMM in a report on Thursday, January 31st. Zacks Investment Research cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Cowen reiterated an “outperform” rating and issued a $70.00 price target (down previously from $73.00) on shares of QUALCOMM in a report on Thursday, January 31st. ValuEngine upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $60.00 price target (down previously from $68.00) on shares of QUALCOMM in a report on Monday, January 14th. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. QUALCOMM has a consensus rating of “Buy” and an average target price of $66.00.

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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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