Sage Capital Advisors llc Grows Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Sage Capital Advisors llc increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 52,215 shares of the wireless technology company’s stock after purchasing an additional 334 shares during the period. QUALCOMM makes up approximately 2.2% of Sage Capital Advisors llc’s investment portfolio, making the stock its 14th largest position. Sage Capital Advisors llc’s holdings in QUALCOMM were worth $6,216,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC increased its stake in QUALCOMM by 117,461.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,587,893 shares of the wireless technology company’s stock worth $2,703,193,000 after purchasing an additional 24,566,978 shares during the period. Norges Bank acquired a new position in shares of QUALCOMM in the fourth quarter valued at approximately $1,467,351,000. Cowa LLC purchased a new stake in QUALCOMM during the 1st quarter worth approximately $94,000. Morgan Stanley lifted its holdings in QUALCOMM by 22.2% during the 4th quarter. Morgan Stanley now owns 21,602,874 shares of the wireless technology company’s stock worth $2,375,020,000 after buying an additional 3,929,586 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in QUALCOMM by 409.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,011,105 shares of the wireless technology company’s stock valued at $331,039,000 after buying an additional 2,419,686 shares during the period. Institutional investors and hedge funds own 71.10% of the company’s stock.

QUALCOMM Stock Performance

NASDAQ QCOM traded down $2.38 during trading on Tuesday, reaching $110.37. The company’s stock had a trading volume of 1,582,215 shares, compared to its average volume of 8,109,990. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 2.42. QUALCOMM Incorporated has a twelve month low of $101.47 and a twelve month high of $139.94. The business’s fifty day moving average price is $117.12 and its 200-day moving average price is $116.90. The firm has a market cap of $121.41 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 1.10 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOMGet Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The wireless technology company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The company had revenue of $8.45 billion during the quarter, compared to analysts’ expectations of $8.51 billion. QUALCOMM had a return on equity of 45.94% and a net margin of 22.33%. As a group, analysts anticipate that QUALCOMM Incorporated will post 6.41 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, August 31st will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.20 dividend on an annualized basis and a yield of 2.90%. QUALCOMM’s payout ratio is currently 41.88%.

Insider Transactions at QUALCOMM

In related news, CTO James H. Thompson sold 27,962 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $113.23, for a total transaction of $3,166,137.26. Following the completion of the transaction, the chief technology officer now directly owns 241,369 shares of the company’s stock, valued at $27,330,211.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CTO James H. Thompson sold 27,962 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $113.23, for a total transaction of $3,166,137.26. Following the completion of the transaction, the chief technology officer now directly owns 241,369 shares of the company’s stock, valued at approximately $27,330,211.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James J. Cathey sold 1,000 shares of QUALCOMM stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $114.16, for a total value of $114,160.00. Following the completion of the sale, the insider now owns 6,745 shares in the company, valued at $770,009.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,962 shares of company stock worth $3,391,567. Company insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on QCOM shares. Deutsche Bank Aktiengesellschaft cut QUALCOMM from a “buy” rating to a “hold” rating and reduced their price objective for the company from $130.00 to $121.00 in a research note on Thursday, August 3rd. Wells Fargo & Company increased their price target on QUALCOMM from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Tuesday, September 12th. Bank of America boosted their price objective on QUALCOMM from $130.00 to $145.00 in a research report on Friday, June 16th. Mizuho reaffirmed a “buy” rating and issued a $140.00 target price on shares of QUALCOMM in a report on Wednesday, August 23rd. Finally, UBS Group boosted their price target on shares of QUALCOMM from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average price target of $141.96.

Get Our Latest Stock Report on QUALCOMM

QUALCOMM Company Profile

(Free Report)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It 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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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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