CWA Asset Management Group LLC Raises Holdings in QUALCOMM, Inc. (QCOM)

CWA Asset Management Group LLC raised its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 28.8% in the fourth quarter, HoldingsChannel reports. The firm owned 55,744 shares of the wireless technology company’s stock after buying an additional 12,465 shares during the period. CWA Asset Management Group LLC’s holdings in QUALCOMM were worth $3,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors boosted its stake in shares of QUALCOMM by 41.8% during the 3rd quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock worth $1,112,250,000 after acquiring an additional 6,322,645 shares in the last quarter. Veritas Asset Management LLP boosted its stake in shares of QUALCOMM by 68.4% during the 3rd quarter. Veritas Asset Management LLP now owns 13,429,265 shares of the wireless technology company’s stock worth $696,173,000 after acquiring an additional 5,453,631 shares in the last quarter. Parnassus Investments CA boosted its stake in shares of QUALCOMM by 62.4% during the 3rd quarter. Parnassus Investments CA now owns 7,809,000 shares of the wireless technology company’s stock worth $404,819,000 after acquiring an additional 3,000,000 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of QUALCOMM by 7,466.2% during the 3rd quarter. Stifel Financial Corp now owns 2,872,490 shares of the wireless technology company’s stock worth $148,873,000 after acquiring an additional 2,834,525 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of QUALCOMM by 21.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,218,088 shares of the wireless technology company’s stock worth $581,538,000 after acquiring an additional 1,964,525 shares in the last quarter. 78.00% of the stock is owned by hedge funds and other institutional investors.

QCOM opened at $55.01 on Thursday. The firm has a market capitalization of $79,095.80, a PE ratio of 14.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. QUALCOMM, Inc. has a 12-month low of $48.92 and a 12-month high of $69.28. The company has a quick ratio of 3.25, a current ratio of 3.41 and a debt-to-equity ratio of 0.81.



QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The company had revenue of $6.10 billion during the quarter, compared to analyst estimates of $5.93 billion. During the same quarter in the prior year, the company earned $1.19 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts anticipate that QUALCOMM, Inc. will post 2.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th were issued a dividend of $0.57 per share. The ex-dividend date was Tuesday, February 27th. This represents a $2.28 annualized dividend and a dividend yield of 4.14%. QUALCOMM’s dividend payout ratio is 60.32%.

In related news, EVP Alexander H. Rogers sold 663 shares of the stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $56.59, for a total transaction of $37,519.17. Following the completion of the sale, the executive vice president now directly owns 8,794 shares in the company, valued at $497,652.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Alexander H. Rogers sold 713 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $68.20, for a total value of $48,626.60. Following the sale, the executive vice president now owns 10,403 shares of the company’s stock, valued at $709,484.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,682 shares of company stock valued at $3,306,030. 0.24% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the company. KeyCorp raised their price objective on QUALCOMM from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. ValuEngine raised QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Canaccord Genuity raised their price objective on QUALCOMM from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Vetr lowered QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 price objective for the company. in a research note on Thursday, February 1st. Finally, Deutsche Bank assumed coverage on QUALCOMM in a research note on Thursday, March 15th. They set a “hold” rating and a $60.00 price objective for the company. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $67.78.

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QUALCOMM Company Profile

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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