QUALCOMM Incorporated (QCOM) Position Boosted by Accident Compensation Corp

Accident Compensation Corp lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,161 shares of the wireless technology company’s stock after purchasing an additional 5,300 shares during the period. Accident Compensation Corp’s holdings in QUALCOMM were worth $4,426,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Veritas Asset Management LLP acquired a new stake in QUALCOMM in the 2nd quarter worth about $440,415,000. Baupost Group LLC MA acquired a new stake in QUALCOMM in the 1st quarter worth about $299,085,000. Nordea Investment Management AB boosted its holdings in QUALCOMM by 589.4% in the 1st quarter. Nordea Investment Management AB now owns 5,912,226 shares of the wireless technology company’s stock worth $339,007,000 after buying an additional 5,054,642 shares during the last quarter. Schroder Investment Management Group boosted its holdings in QUALCOMM by 30.8% in the 1st quarter. Schroder Investment Management Group now owns 6,562,412 shares of the wireless technology company’s stock worth $375,369,000 after buying an additional 1,544,792 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in QUALCOMM in the 2nd quarter worth about $82,556,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

In related news, EVP Matthew S. Grob sold 20,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $60.44, for a total transaction of $1,208,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michelle M. Sterling sold 4,740 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,837 shares of company stock valued at $1,512,049. Insiders own 0.17% of the company’s stock.

Several research firms recently issued reports on QCOM. Sanford C. Bernstein reiterated a “hold” rating on shares of QUALCOMM in a report on Monday, November 13th. UBS AG upgraded QUALCOMM from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 8th. Raymond James Financial, Inc. upgraded QUALCOMM from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Wednesday, November 8th. Zacks Investment Research upgraded QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada upgraded QUALCOMM from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $55.00 to $70.00 in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the company. QUALCOMM has an average rating of “Hold” and a consensus target price of $65.42.

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QUALCOMM Incorporated (NASDAQ:QCOM) opened at $66.72 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00. The company has a market cap of $98,356.30, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.87 and a beta of 1.26. QUALCOMM Incorporated has a 12 month low of $48.92 and a 12 month high of $70.24.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share. analysts expect that QUALCOMM Incorporated will post 3.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.42%. QUALCOMM’s payout ratio is currently 138.18%.

QUALCOMM 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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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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