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%.
GST return filing date extended for taxpayers availing input credit
Companies will have to file sale invoice for August with GST Network by September 20 instead of September 10 earlier. However, since GST has to be paid by August 20, businesses will have to determine the opening credit beforehand.
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.