Exencial Wealth Advisors LLC increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Get Rating) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,735 shares of the wireless technology company’s stock after acquiring an additional 5,312 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in QUALCOMM were worth $12,021,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of QUALCOMM by 2.3% during the third quarter. Geode Capital Management LLC now owns 18,432,987 shares of the wireless technology company’s stock worth $2,371,003,000 after acquiring an additional 415,275 shares during the last quarter. Morgan Stanley raised its stake in QUALCOMM by 25.5% during the second quarter. Morgan Stanley now owns 12,960,679 shares of the wireless technology company’s stock valued at $1,852,471,000 after purchasing an additional 2,630,436 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in QUALCOMM by 2.0% during the third quarter. UBS Asset Management Americas Inc. now owns 5,587,801 shares of the wireless technology company’s stock valued at $720,715,000 after purchasing an additional 108,808 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in QUALCOMM by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,646,136 shares of the wireless technology company’s stock valued at $849,624,000 after purchasing an additional 20,262 shares in the last quarter. Finally, Boston Partners raised its stake in QUALCOMM by 4.5% during the fourth quarter. Boston Partners now owns 4,558,923 shares of the wireless technology company’s stock valued at $833,924,000 after purchasing an additional 197,544 shares in the last quarter. Hedge funds and other institutional investors own 73.61% of the company’s stock.
A number of equities research analysts recently issued reports on QCOM shares. Susquehanna Bancshares decreased their price target on shares of QUALCOMM from $190.00 to $165.00 in a research note on Thursday, April 28th. Raymond James upped their price target on shares of QUALCOMM from $190.00 to $222.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 3rd. StockNews.com raised shares of QUALCOMM from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 7th. Canaccord Genuity Group increased their target price on shares of QUALCOMM from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 3rd. Finally, Rosenblatt Securities increased their target price on shares of QUALCOMM from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 3rd. Ten research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, QUALCOMM presently has an average rating of “Buy” and a consensus target price of $194.77.
QUALCOMM (NASDAQ:QCOM – Get Rating) last issued its earnings results on Wednesday, April 27th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.19. QUALCOMM had a net margin of 28.42% and a return on equity of 103.73%. The company had revenue of $11.16 billion for the quarter, compared to analysts’ expectations of $10.58 billion. During the same period in the prior year, the business earned $1.59 EPS. As a group, equities analysts expect that QUALCOMM Incorporated will post 11.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 23rd. Shareholders of record on Thursday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.22%. This is a boost from QUALCOMM’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, June 1st. QUALCOMM’s dividend payout ratio is presently 27.84%.
QUALCOMM Profile (Get Rating)
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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