Guardian Capital Advisors LP lifted its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,824 shares of the wireless technology company’s stock after buying an additional 1,525 shares during the period. Guardian Capital Advisors LP’s holdings in QUALCOMM were worth $8,017,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of QCOM. Capital International Investors grew its position in shares of QUALCOMM by 41.8% in 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 buying an additional 6,322,645 shares during the last quarter. Veritas Asset Management LLP grew its position in shares of QUALCOMM by 68.4% in 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 buying an additional 5,453,631 shares during the last quarter. Parnassus Investments CA boosted its stake in QUALCOMM by 62.4% in the 3rd quarter. Parnassus Investments CA now owns 7,809,000 shares of the wireless technology company’s stock worth $404,819,000 after purchasing an additional 3,000,000 shares in the last quarter. Stifel Financial Corp boosted its stake in QUALCOMM by 7,466.2% in the 3rd quarter. Stifel Financial Corp now owns 2,872,490 shares of the wireless technology company’s stock worth $148,873,000 after purchasing an additional 2,834,525 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in QUALCOMM by 21.2% in 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 purchasing an additional 1,964,525 shares in the last quarter. 78.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ QCOM opened at $55.73 on Friday. 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, Inc. has a 12 month low of $48.92 and a 12 month high of $69.28. The company has a market cap of $81,434.77, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 1.71 and a beta of 1.44.
In related news, EVP Alexander H. Rogers sold 713 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $68.20, for a total value of $48,626.60. Following the completion of the transaction, the executive vice president now directly owns 10,403 shares in the company, valued at approximately $709,484.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alexander H. Rogers sold 663 shares of the business’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $56.59, for a total transaction of $37,519.17. Following the completion of the transaction, the executive vice president now owns 8,794 shares of the company’s stock, valued at $497,652.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,682 shares of company stock valued at $3,306,030. Company insiders own 0.17% of the company’s stock.
A number of analysts recently commented on QCOM shares. Morgan Stanley started coverage on shares of QUALCOMM in a research note on Monday, March 19th. They issued an “underweight” rating and a $55.00 target price for the company. Vetr upgraded shares of QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $76.13 target price for the company in a research note on Tuesday, January 2nd. Canaccord Genuity lifted their target price on shares of QUALCOMM from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. KeyCorp lifted their target price on shares of QUALCOMM from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada lifted their target price on shares of QUALCOMM from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $67.82.
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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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