Capital Investment Advisors LLC Grows Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Capital Investment Advisors LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 3.8% during the first quarter, Holdings Channel.com reports. The firm owned 125,362 shares of the wireless technology company’s stock after acquiring an additional 4,643 shares during the period. Capital Investment Advisors LLC’s holdings in QUALCOMM were worth $19,158,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in QUALCOMM by 4.3% during the fourth quarter. BlackRock Inc. now owns 81,379,537 shares of the wireless technology company’s stock valued at $14,881,876,000 after purchasing an additional 3,319,939 shares in the last quarter. State Street Corp lifted its holdings in shares of QUALCOMM by 3.3% in the 4th quarter. State Street Corp now owns 49,174,315 shares of the wireless technology company’s stock worth $8,992,507,000 after acquiring an additional 1,553,359 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of QUALCOMM by 10.6% in the 4th quarter. Alliancebernstein L.P. now owns 20,174,284 shares of the wireless technology company’s stock worth $3,689,271,000 after acquiring an additional 1,934,339 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of QUALCOMM by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 18,698,509 shares of the wireless technology company’s stock worth $3,410,285,000 after acquiring an additional 265,522 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of QUALCOMM in the 4th quarter worth about $2,266,923,000. 73.61% of the stock is currently owned by institutional investors.

QCOM has been the subject of several analyst reports. Barclays lowered their target price on shares of QUALCOMM from $185.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Tigress Financial raised their target price on shares of QUALCOMM from $195.00 to $238.00 in a report on Thursday, May 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of QUALCOMM from $210.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, April 20th. UBS Group lowered their target price on shares of QUALCOMM from $185.00 to $155.00 in a report on Thursday, April 28th. Finally, Sumitomo Mitsui Financial Group lowered shares of QUALCOMM from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $215.00 to $155.00 in a report on Monday, April 18th. Nine equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $196.48.

NASDAQ QCOM opened at $122.16 on Thursday. QUALCOMM Incorporated has a one year low of $118.36 and a one year high of $193.58. The company has a market capitalization of $136.82 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 0.69 and a beta of 1.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.27 and a current ratio of 1.61. The company’s 50-day simple moving average is $135.63 and its two-hundred day simple moving average is $157.00.

QUALCOMM (NASDAQ:QCOMGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The wireless technology company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.19. QUALCOMM had a net margin of 28.42% and a return on equity of 103.73%. The business had revenue of $11.16 billion for the quarter, compared to analysts’ expectations of $10.58 billion. During the same period last year, the business earned $1.59 EPS. Equities analysts expect that QUALCOMM Incorporated will post 11.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Thursday, June 2nd will be issued a $0.75 dividend. This is a boost from QUALCOMM’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Wednesday, June 1st. QUALCOMM’s dividend payout ratio (DPR) is currently 30.71%.

In other news, CAO Erin L. Polek sold 1,521 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $129.95, for a total value of $197,653.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is currently owned by company insiders.

About QUALCOMM (Get Rating)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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 3G/4G/5G 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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