Stock Performance to Track: QUALCOMM Incorporated (QCOM)
May 24, 2017, 04:06
Liberty Capital Management Inc. now owns 6,797 shares of the wireless technology company's stock worth $390,000 after buying an additional 25 shares during the period. It also reduced Xilinx Inc (NASDAQ:XLNX) stake by 24,775 shares and now owns 21,375 shares. About shares traded. Manhattan Associates, Inc. Nelson Roberts Investment Advisors LLC increased its position in shares of QUALCOMM by 6.2% in the third quarter. The company reported the earnings of $1.34/Share in the last quarter where the estimated EPS by analysts was $1.2/share. Maryland-based Horan Cap Management has invested 1.8% in QUALCOMM, Inc. Citizens Financial Group Inc RI now owns 4,891 shares of the wireless technology company's stock worth $335,000 after buying an additional 16 shares during the period. FNY Managed Accounts LLC purchased a new position in shares of QUALCOMM during the first quarter valued at about $157,000. Following the acquisition, the director now owns 1,281 shares in the company, valued at $69,161.19. First Merchants Corp boosted its stake in shares of QUALCOMM by 7.4% in the third quarter. Ray Gerald L & Associates Ltd. now owns 43,765 shares of the wireless technology company's stock worth $2,998,000 after buying an additional 7,100 shares during the last quarter. Hedge funds and other institutional investors own 79.28% of the company's stock. QUALCOMM, Inc. has a one year low of $50.84 and a one year high of $71.62. (NASDAQ:QCOM) traded down 0.10% on Tuesday, reaching $59.22. 2,013,736 shares of the company's stock traded hands. The company has market cap of $72.58 billion. QUALCOMM also was the recipient of some unusual options trading on Monday.
Large investors have recently modified their holdings of the stock. This is an increase of 233% compared to the average daily volume of 813 put options. (NASDAQ:QCOM). Etrade Management Lc holds 14,899 shares or 0.04% of its portfolio. The wireless technology company reported $1.34 EPS for the quarter, topping the Zacks' consensus estimate of $1.05 by $0.29. Return on Equity (ROE) stands at 14.3% and Return on Investment (ROI) of 11.9 percent. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.86 billion. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The company's a year ago sales total was 6.03 Billion. (NYSE:GIMO). Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 2.50.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Citadel Advsrs Limited Liability Corporation holds 0.02% or 253,421 shares in its portfolio.
The company's forward dividend yield close to 4% is an additional catalyst for Qualcomm's shares. This is a boost from QUALCOMM's previous quarterly dividend of $0.53. The ex-dividend date is Friday, May 26th. QUALCOMM's dividend payout ratio is now 64.63%.
COPYRIGHT VIOLATION NOTICE: This story was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another site, it was stolen and republished in violation of USA and global copyright legislation. The legal version of this story can be read at https://transcriptdaily.com/2017/05/23/raymond-james-trust-n-a-buys-1943-shares-of-qualcomm-inc-qcom-updated.html. Many traders and investors view the 52-week high or low as an important factor in determining a stock's current value and predicting future price movement. The stock notched a 12-month high of $60.83 while $75.00 target is by far the most aggressive out of analysts who are now evaluating the company, $14.17 higher than the next highest 52-week price estimate. Cowen & Co maintained the shares of QCOM in report on Thursday, July 23 with "Outperform" rating. The stock has "Overweight" rating by JP Morgan on Thursday, December 17. Rosenblatt Securities upgraded shares of QUALCOMM from a neutral rating to a buy rating and set a $75.00 target price on the stock in a research report on Thursday, January 12th. QUALCOMM presently has an average rating of "Hold" and an average target price of $66.55. The stock was purchased at an average cost of $53.13 per share, for a total transaction of $999,640.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
In other news, EVP Donald J. Rosenberg sold 10,701 shares of the stock in a transaction that occurred on Thursday, May 11th. The recent change has given its price a 3.8% lead over SMA 50 and -18.09% deficit over its 52-week high. The disclosure for this sale can be found here. Insiders have sold a total of 41,210 shares of company stock valued at $2,227,656 over the last ninety days.
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