Howard Capital Management Has $773,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)
Howard Capital Management decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,000 shares of the wireless technology company’s stock after selling 20 shares during the period. Howard Capital Management’s holdings in QUALCOMM were worth $773,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Jacobi Capital Management LLC raised its stake in shares of QUALCOMM by 10.8% in the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock worth $145,000 after buying an additional 250 shares in the last quarter. Alpha Windward LLC raised its stake in shares of QUALCOMM by 6.1% in the second quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock worth $148,000 after buying an additional 153 shares in the last quarter. American National Bank raised its stake in shares of QUALCOMM by 41.0% in the first quarter. American National Bank now owns 2,825 shares of the wireless technology company’s stock worth $162,000 after buying an additional 822 shares in the last quarter. Welch Group LLC raised its stake in shares of QUALCOMM by 2.3% in the first quarter. Welch Group LLC now owns 3,037 shares of the wireless technology company’s stock worth $174,000 after buying an additional 69 shares in the last quarter. Finally, Commonwealth Financial Services LLC raised its stake in shares of QUALCOMM by 499.5% in the first quarter. Commonwealth Financial Services LLC now owns 3,627 shares of the wireless technology company’s stock worth $205,000 after buying an additional 3,022 shares in the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.
Shares of QUALCOMM Incorporated (QCOM) traded down 1.071% during trading on Thursday, hitting $52.205. 3,943,575 shares of the stock were exchanged. The company has a market cap of $77.06 billion, a P/E ratio of 19.994 and a beta of 1.29. The firm’s 50-day moving average is $54.70 and its 200 day moving average is $55.64. QUALCOMM Incorporated has a 1-year low of $51.05 and a 1-year high of $71.62. QUALCOMM also was the recipient of unusually large options trading activity on Monday. Stock traders bought 21,472 put options on the company. This is an increase of 152% compared to the typical volume of 8,513 put options.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 19th. 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 net margin of 17.26% and a return on equity of 19.64%. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the previous year, the business posted $1.16 earnings per share. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities analysts forecast that QUALCOMM Incorporated will post $4.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, August 28th. This represents a $2.28 dividend on an annualized basis and a yield of 4.32%. QUALCOMM’s dividend payout ratio (DPR) is 87.36%.
A number of analysts have recently weighed in on the stock. Standpoint Research raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Friday, April 28th. Mizuho reaffirmed a “buy” rating and issued a $68.00 price target (down from $75.00) on shares of QUALCOMM in a research note on Saturday, April 22nd. BidaskClub raised shares of QUALCOMM from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $60.00 price target on shares of QUALCOMM in a research note on Friday, June 30th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $54.00 price target on shares of QUALCOMM in a research note on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $63.96.
In other QUALCOMM news, EVP Michelle M. Sterling sold 5,509 shares of QUALCOMM stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $59.11, for a total transaction of $325,636.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Derek K. Aberle sold 22,251 shares of QUALCOMM stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $57.59, for a total transaction of $1,281,435.09. Following the transaction, the president now directly owns 28,959 shares of the company’s stock, valued at $1,667,748.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,101 shares of company stock valued at $2,955,612. Company insiders own 0.17% of the company’s stock.
QUALCOMM Company Profile
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). 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.
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