Qualcomm Inc now has $89.63 billion valuation. (NASDAQ:QCOM) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,092 shares of the wireless technology company's stock after buying an additional 1,943 shares during the period. It also reduced Marathon Petroleum Corporation (NYSE:MPC) stake by 15,718 shares and now owns 44,801 shares.
Kornitzer Capital Management Inc decreased Abbott Laboratories (NYSE:ABT) stake by 20,657 shares to 670,831 valued at $25.77 million in 2016Q4. FMR LLC boosted its position in QUALCOMM by 3.7% in the fourth quarter.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.4 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. Boston Advisors LLC boosted its stake in shares of QUALCOMM by 1.1% in the third quarter. The insider now directly owns 22,039 shares worth $1,270,989. Nelson Roberts Investment Advisors LLC boosted its stake in shares of QUALCOMM by 6.2% in the third quarter. Ray Gerald L & Associates Ltd. now owns 43,765 shares of the wireless technology company's stock valued at $2,998,000 after buying an additional 7,100 shares in the last quarter. Institutional investors own 79.28% of the company's stock. The Company Touched its 52-Week High on 10/27/16 and 52-Week Low on 06/27/16. (NASDAQ:QCOM) traded up 0.49% during trading on Tuesday, reaching $59.57. About 3.53M shares traded. The company has market cap of $90.00 billion. Company's distance from 20 day simple moving average is 6.06% and distance from 50-Day simple moving average is 3.80%. QUALCOMM also was the recipient of some unusual options trading on Monday. Dorsey & Whitney Lc invested in 44,229 shares or 0.66% of the stock. This represents an increase of approximately 233% compared to the average volume of 813 put options.
JP Morgan increased shares of Qualcomm (NASDAQ:QCOM) to a solid "Overweight" rating from the previous "Neutral".
Last time, the company shocked Wall Street by reporting EPS of $1.34, smashing the consensus of $1.19 per share. QUALCOMM had a net margin of 20.56% and a return on equity of 20.25%. The firm had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.86 billion. During the same quarter previous year, the business posted $1.04 EPS. The business's quarterly revenue was up 8.1% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.57 per share.
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QUALCOMM Incorporated (QCOM) has an annual dividend of $2.28, while its annual dividend yield is 3.95%. The ex-dividend date is Friday, May 26th. QUALCOMM's dividend payout ratio is presently 64.63%.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece on another site, it was stolen and republished in violation of worldwide copyright & trademark laws. QUALCOMM, Inc. (NASDAQ:QCOM) has risen 9.31% since May 22, 2016 and is uptrending.
In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. It fall, as 104 investors sold QUALCOMM, Inc. shares while 514 reduced holdings. Cowen and Company reiterated an outperform rating and issued a $73.00 target price on shares of QUALCOMM in a research report on Wednesday, April 19th. Citigroup Inc set a $70.00 price objective on shares of QUALCOMM and gave the company a "hold" rating in a report on Wednesday, January 25th. Northland Capital maintained it with "Market Perform" rating and $62.50 target in Thursday, November 5 report. Rosenblatt Securities raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Thursday, January 12th.
In the transaction dated February 03, 2017, the great number of shares acquired came courtesy the EVP and President, QCT; AMON CRISTIANO R added a total of 18,815 shares at an average price of $53.13, amounting to approximately $999,641. Following the completion of the sale, the executive vice president now directly owns 76,246 shares of the company's stock, valued at $4,005,202.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10,701 QUALCOMM, Inc. (NASDAQ:QCOM) shares with value of $588,767 were sold by Rosenberg Donald J.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -3.3%, and has a poor year to date (YTD) performance of -9.08% which means the stock is constantly subtracting to its value from the previous fiscal year end price. The disclosure for this sale can be found here. The company had Year Ago Sales of 6.03 Billion.
The author does not own Qualcomm stock.