Northern Capital Management LLC Grows Position in QUALCOMM, Inc. (QCOM)

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Northern Capital Management LLC increased its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,542 shares of the wireless technology company’s stock after buying an additional 4,163 shares during the quarter. QUALCOMM comprises about 1.4% of Northern Capital Management LLC’s holdings, making the stock its 12th largest position. Northern Capital Management LLC’s holdings in QUALCOMM were worth $5,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Montag & Caldwell LLC lifted its position in shares of QUALCOMM by 9.7% during the 4th quarter. Montag & Caldwell LLC now owns 683,524 shares of the wireless technology company’s stock valued at $38,900,000 after acquiring an additional 60,288 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of QUALCOMM by 10.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 282,249 shares of the wireless technology company’s stock valued at $16,063,000 after acquiring an additional 27,750 shares during the period. TD Asset Management Inc. lifted its position in shares of QUALCOMM by 5.8% during the 4th quarter. TD Asset Management Inc. now owns 870,190 shares of the wireless technology company’s stock valued at $49,522,000 after acquiring an additional 48,051 shares during the period. Essex Savings Bank acquired a new stake in shares of QUALCOMM during the 4th quarter valued at approximately $48,000. Finally, Dupont Capital Management Corp lifted its position in shares of QUALCOMM by 10.7% during the 4th quarter. Dupont Capital Management Corp now owns 35,475 shares of the wireless technology company’s stock valued at $2,019,000 after acquiring an additional 3,421 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

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

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.11. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The firm had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the firm posted $0.98 EPS. The company’s quarterly revenue was down 21.3% compared to the same quarter last year. On average, analysts forecast that QUALCOMM, Inc. will post 3.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be given 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 dividend yield of 4.93%. QUALCOMM’s dividend payout ratio is currently 77.74%.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Deutsche Bank reduced their price target on shares of QUALCOMM to $65.00 and set a “hold” rating for the company in a research report on Thursday, November 8th. Cowen reiterated an “outperform” rating and set a $70.00 price target (down from $73.00) on shares of QUALCOMM in a research report on Thursday, January 31st. ValuEngine downgraded shares of QUALCOMM from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Finally, Evercore ISI reiterated an “in-line” rating and set a $60.00 price target (down from $68.00) on shares of QUALCOMM in a research report on Monday, January 14th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $66.25.

In related news, EVP Donald J. Rosenberg sold 6,297 shares of QUALCOMM stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $55.22, for a total transaction of $347,720.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Cristiano R. Amon sold 18,323 shares of QUALCOMM stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $60.23, for a total value of $1,103,594.29. The disclosure for this sale can be found here. Insiders have sold a total of 33,668 shares of company stock valued at $1,976,189 over the last 90 days. Insiders own 0.11% of the company’s stock.

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About QUALCOMM

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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