Hengehold Capital Management LLC Increases Holdings in QUALCOMM Incorporated (QCOM)

Hengehold Capital Management LLC boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,433 shares of the wireless technology company’s stock after acquiring an additional 1,906 shares during the period. Hengehold Capital Management LLC’s holdings in QUALCOMM were worth $2,096,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Narwhal Capital Management raised its position in shares of QUALCOMM by 12.5% in the third quarter. Narwhal Capital Management now owns 55,610 shares of the wireless technology company’s stock valued at $2,883,000 after purchasing an additional 6,180 shares during the period. Sabal Trust CO raised its position in shares of QUALCOMM by 6.8% in the third quarter. Sabal Trust CO now owns 426,544 shares of the wireless technology company’s stock valued at $22,112,000 after purchasing an additional 27,294 shares during the period. Exane Derivatives raised its position in shares of QUALCOMM by 1,523.2% in the third quarter. Exane Derivatives now owns 14,479 shares of the wireless technology company’s stock valued at $750,000 after purchasing an additional 13,587 shares during the period. Heritage Way Advisors LLC raised its position in shares of QUALCOMM by 4.3% in the third quarter. Heritage Way Advisors LLC now owns 30,381 shares of the wireless technology company’s stock valued at $1,575,000 after purchasing an additional 1,250 shares during the period. Finally, Quantitative Systematic Strategies LLC raised its position in shares of QUALCOMM by 128.6% in the third quarter. Quantitative Systematic Strategies LLC now owns 24,099 shares of the wireless technology company’s stock valued at $1,249,000 after purchasing an additional 13,555 shares during the period. 76.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of QUALCOMM Incorporated (QCOM) opened at $64.76 on Monday. 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 firm has a market cap of $95,466.93, a P/E ratio of 17.13, a P/E/G ratio of 1.84 and a beta of 1.39. QUALCOMM Incorporated has a twelve month low of $48.92 and a twelve month high of $69.28.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a yield of 3.52%. QUALCOMM’s dividend payout ratio is presently 138.18%.

In other QUALCOMM news, EVP Michelle M. Sterling sold 7,840 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total value of $521,830.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alexander H. Rogers sold 874 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $68.52, for a total transaction of $59,886.48. Following the completion of the transaction, the executive vice president now directly owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The disclosure for this sale can be found here. In the last three months, insiders sold 29,427 shares of company stock valued at $1,827,995. Corporate insiders own 0.17% of the company’s stock.

Several research firms have recently issued reports on QCOM. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 price target on shares of QUALCOMM in a research report on Thursday, August 24th. William Blair reissued a “market perform” rating on shares of QUALCOMM in a research report on Tuesday, September 5th. Sanford C. Bernstein reissued a “hold” rating on shares of QUALCOMM in a research report on Monday, November 13th. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 price target on the stock in a research report on Monday, November 13th. Finally, Stifel Nicolaus lowered shares of QUALCOMM from a “buy” rating to a “hold” rating and boosted their price target for the company from $65.00 to $75.00 in a research report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $66.02.

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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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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