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.

More news: Pippa Middleton installs glass marquee in garden ahead of wedding

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%.

More news: Officials search for driver who allegedly caused school bus crash in Pa.

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.

More news: Watch Stephen Colbert Beg Trump to Let Sean Spicer Stay

QUALCOMM Incorporated (QCOM) belongs to the "Technology" sector with an industry focus on "Communication Equipment", with Dr. Paul E. Jacobs Ph.D.as Exec. Chairman.

loading...
YOU MIGHT ALSO LIKE
  • Approval of President Trump drops to lowest since inauguration: Reuters/Ipsos poll

    The analysts say Trump still remains popular and can manage the situation. The remaining 6 percent had "mixed feelings".
    Dual Cameras In Leaked Image

    Dual Cameras In Leaked Image

    Although it's not that visible, the dual cameras on the back appear to be protruding a bit from the Galaxy C10's back. In terms of photography, the Samsung Galaxy C10 is expected to sport a 12-megapixel dual rear camera setup.
    Oil price surge pushes FTSE 100 to record high

    Oil price surge pushes FTSE 100 to record high

    Together, they control around 20 million bpd in daily output, equivalent to a fifth of daily global consumption. US West Texas Intermediate (WTI) crude was at $48.67 a barrel, up 82c, or 1.7%.
  • Trump branded Comey 'nut job' as investigation points at White House

    Trump branded Comey 'nut job' as investigation points at White House

    Mr Rosenstein said, although he was personally fond of Mr Comey, "I thought it was appropriate to seek a new leader". But he added: "I haven't lost my confidence in the president to be our president, I just haven't". "I believe it.
    Pochettino challenges Kane to score 30 next season

    Pochettino challenges Kane to score 30 next season

    Click through the gallery above to see the final top 10 Premier League goalscorers for the 2016/17 season . The seventh goal enabled them to pip champions Chelsea as the league's highest scorers with 86 goals.
    Have an exploding airbag? You might get $500

    Have an exploding airbag? You might get $500

    Part of the settlement money will be used to encourage consumers whose cars are under recall to bring them to dealers for fix . The airbags are blamed for 11 deaths and more than 150 injuries, though further cases are now under review.
  • Rust, Schultz, Hornqvist out for Penguins for Game 3 vs Sens

    Rust, Schultz, Hornqvist out for Penguins for Game 3 vs Sens

    An upper-body injury kept Hornqvist out of action on Monday as well. The 25-year-old Rust has five goals in 14 playoff games. Injuries just keep piling up for the Penguins.
    Google Assistant may be coming to iOS soon

    Google Assistant may be coming to iOS soon

    Once Google makes the Android platform as secure as iOS, we could then look at a auto with complete Android functionalities. If you're not already aware, I/O 2017 is just two days away so Google may announce the Assistant for iOS on this date.
    Trump didn't know source of information shared with Russian Federation , adviser says

    Trump didn't know source of information shared with Russian Federation , adviser says

    McMaster, called the story "false" Monday and said: "At no time , at no time were intelligence sources or methods discussed". The Washington Post reported on Monday that the revelation put a source of intelligence on the Islamic State at risk.
  • Who could be at risk for higher premiums under GOP?

    Who could be at risk for higher premiums under GOP?

    The MacArthur Amendment also allows states to eliminate the requirement that insurance plans cover the essential health benefits. That's what happens when you provide health care "access" that could keep the old, poor and sick from affording actual care .

    Would Trump request to end Flynn probe have broken law?

    "It is obvious there are some people out there that want to harm the president", Ryan told reporters at a news conference. If the Republican Florida senator had gotten angrier during the debates a year ago , he might have been president.
    McIlroy to undergo test on troublesome back

    McIlroy to undergo test on troublesome back

    The 28-year-old four-time major victor is suffering from a back injury, but made a strong start to the day at Sawgrass. Danny Willett's troubles continued after withdrawing only nine holes into his second round.
popular