Wade G W & Inc. Has $16.32 Million Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Wade G W & Inc. decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,473 shares of the wireless technology company’s stock after selling 1,318 shares during the quarter. Wade G W & Inc.’s holdings in QUALCOMM were worth $16,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of QUALCOMM by 1.5% during the third quarter. Vanguard Group Inc. now owns 108,549,542 shares of the wireless technology company’s stock worth $12,263,927,000 after purchasing an additional 1,608,117 shares during the period. BlackRock Inc. boosted its position in QUALCOMM by 0.6% during the third quarter. BlackRock Inc. now owns 82,719,169 shares of the wireless technology company’s stock valued at $9,345,610,000 after purchasing an additional 492,464 shares during the last quarter. State Street Corp boosted its position in QUALCOMM by 1.1% during the third quarter. State Street Corp now owns 47,568,746 shares of the wireless technology company’s stock valued at $5,374,317,000 after purchasing an additional 524,556 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in QUALCOMM by 4.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 18,844,528 shares of the wireless technology company’s stock valued at $2,129,056,000 after purchasing an additional 765,392 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in QUALCOMM by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 12,856,118 shares of the wireless technology company’s stock valued at $1,452,484,000 after purchasing an additional 215,229 shares during the last quarter. 70.87% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Price Performance

Shares of QCOM stock traded up $3.64 during mid-day trading on Friday, reaching $107.66. The company’s stock had a trading volume of 4,687,920 shares, compared to its average volume of 7,593,001. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $156.66. The company has a market cap of $119.93 billion, a P/E ratio of 11.15, a PEG ratio of 0.86 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.55 and a current ratio of 2.42. The firm’s 50-day moving average is $115.77 and its two-hundred day moving average is $119.61.

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This is a boost from QUALCOMM’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.97%. QUALCOMM’s dividend payout ratio is presently 32.15%.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of QUALCOMM from $105.00 to $130.00 and gave the company an “underweight” rating in a research note on Friday, February 3rd. KeyCorp reduced their target price on shares of QUALCOMM from $160.00 to $145.00 in a research note on Thursday, May 4th. Barclays reduced their price target on QUALCOMM from $150.00 to $140.00 in a research report on Thursday, May 4th. Morgan Stanley boosted their price target on QUALCOMM from $126.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, StockNews.com started coverage on QUALCOMM in a research report on Thursday, May 18th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $146.96.

About QUALCOMM

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QUALCOMM, Inc engages in the development, design, and provision of digital telecommunications products and services. It operates through the following 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 technologies for the use in voice and data communications, networking, application processing, multimedia, and global positioning system products.

See Also

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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