Sns Financial Group Llc decreased Qualcomm Inc (QCOM) stake by 11.33% reported in 2016Q4 SEC filing. (NASDAQ:QCOM). Needelman Asset Mngmt has invested 3.04% of its portfolio in QUALCOMM, Inc. HM Payson & Co.'s holdings in QUALCOMM were worth $29,849,000 at the end of the most recent reporting period. It dropped, as 104 investors sold QUALCOMM, Inc. shares while 514 reduced holdings. Flinton Capital Management LLC bought a new stake in QUALCOMM during the fourth quarter valued at about $3,768,000. Gruss Capital Management Lp bought 289,500 shares as the company's stock rose 2.14% with the market. FMR LLC now owns 80,528,523 shares of the wireless technology company's stock valued at $4,446,786,000 after buying an additional 11,387,347 shares in the last quarter. P.R. Herzig & Co. Inc. now owns 35,925 shares of the wireless technology company's stock valued at $2,060,000 after buying an additional 2,100 shares during the period. Finally, First Foundation Advisors raised its position in shares of QUALCOMM by 0.6% in the first quarter.
Shares of QUALCOMM (NASDAQ:QCOM) traded up 0.564% during midday trading on Monday, reaching $52.585. Celadon Group, Inc. has 0 buy ratings, 1 holds and 0 sells even after the stock tumbled -54.36% from its high of $9.75 to a $122.99 million market value through last close. QUALCOMM Incorporated has a 12-month low of $51.05 and a 12-month high of $71.62. The company has market cap of $78.00 billion. (NASDAQ:QCOM) news were published by: Fool.com which released: "Qualcomm, Inc.'s Chip Business Delivers Solid Growth" on July 20, 2017, also Investorplace.com with their article: "Why Qualcomm, Inc". The wireless technology company reported $0.83 EPS for the quarter, topping the Zacks' consensus estimate of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%.
The company's Average Revenue Estimate for the current quarter is $5.26 Billion, while Low and High Revenue Estimates are $5.15 Billion and $5.55 Billion respectively. QUALCOMM's revenue for the quarter was down 11.1% compared to the same quarter past year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 30th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 4.28%. The rating was upgraded by Standpoint Research to "Hold" on Monday, August 24. QUALCOMM's dividend payout ratio (DPR) is 87.36%.
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Gruss Capital Management Lp decreased American Intl Group Inc stake by 50,000 shares to 950,000 valued at $22.29M in 2016Q4. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of USA & worldwide trademark & copyright laws. (NASDAQ:QCOM). Argi Service Ltd Liability Corporation reported 0.15% stake.
QCOM has been the topic of a number of recent analyst reports. Vetr raised shares of QUALCOMM from a "hold" rating to a "buy" rating and set a $60.45 price objective on the stock in a research note on Wednesday, June 7th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $54.00 price target on shares of QUALCOMM in a report on Monday, July 10th. Sanford C. Bernstein reissued a "market perform" rating on shares of QUALCOMM in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock now has a consensus rating of "Hold" and an average target price of $63.96. (NASDAQ:QCOM) was sold by ROGERS ALEXANDER H on Tuesday, May 30. Brown Brothers Harriman & Co sold 547,248 shares as the company's stock rose 2.14% with the market. Following the transaction, the president now owns 28,959 shares of the company's stock, valued at $1,667,748.81. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michelle M. Sterling sold 5,509 shares of the firm's stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $55.38, for a total transaction of $1,279,499.52. The disclosure for this sale can be found here. In the last three months, insiders sold 52,101 shares of company stock worth $2,955,612. The stock declined 0.19% or $0.1 reaching $53.77 on the news.
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access. The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications. (NASDAQ:QCOM). Pitcairn Co holds 0.18% or 21,988 shares.