Trade Report: Today, Outfitter Advisors LTD. decides to keep it stake in Qualcomm Inc. (QCOM) to the level of $1,747,000

Today, Outfitter Advisors LTD. decides to keep it stake in Qualcomm Inc. (QCOM) to the level of $1,747,000

Outfitter Advisors LTD. held its position in Qualcomm Inc. (NASDAQ:QCOM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,510 shares of the wireless technology company’s stock at the end of the third quarter. Outfitter Advisors LTD.’s holdings in Qualcomm were worth $1,747,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QCOM. Pinkerton Retirement Specialists LLC raised its stake in shares of Qualcomm by 3,479.3% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,076 shares of the wireless technology company’s stock valued at $111,000 after buying an additional 2,018 shares during the last quarter. Krilogy Financial LLC raised its stake in shares of Qualcomm by 61.8% in the second quarter. Krilogy Financial LLC now owns 2,071 shares of the wireless technology company’s stock valued at $111,000 after buying an additional 791 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in shares of Qualcomm by 53.2% in the third quarter. Orrstown Financial Services Inc. now owns 1,627 shares of the wireless technology company’s stock valued at $111,000 after buying an additional 565 shares during the last quarter. Kelman Lazarov Inc. raised its stake in shares of Qualcomm by 6.1% in the third quarter. Kelman Lazarov Inc. now owns 1,735 shares of the wireless technology company’s stock valued at $116,000 after buying an additional 100 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its stake in shares of Qualcomm by 4.9% in the second quarter. Joel Isaacson & Co. LLC now owns 2,219 shares of the wireless technology company’s stock valued at $119,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 77.86% of the company’s stock.

Shares of Qualcomm Inc. (NASDAQ:QCOM) remained flat at $68.13 during trading on Thursday. The stock has a market cap of $100.62 billion, a P/E ratio of 17.88 and a beta of 1.36. The company’s 50-day moving average price is $67.23 and its 200-day moving average price is $60.60. Qualcomm Inc. has a 12-month low of $42.24 and a 12-month high of $71.62.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 2nd. The wireless technology company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.13 by $0.15. The company had revenue of $9.17 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Qualcomm had a return on equity of 19.31% and a net margin of 24.22%. The business’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, equities research analysts expect that Qualcomm Inc. will post $4.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, November 28th. Qualcomm’s payout ratio is presently 55.64%.

Several equities research analysts have commented on QCOM shares. RBC Capital Markets restated a “sector perform” rating and set a $70.00 target price (up from $59.00) on shares of Qualcomm in a research report on Monday, October 3rd. Vetr upgraded shares of Qualcomm from a “buy” rating to a “strong-buy” rating and set a $69.01 price objective on the stock in a research report on Monday, September 12th. Sanford C. Bernstein reiterated a “hold” rating on shares of Qualcomm in a research report on Thursday, September 8th. Royal Bank Of Canada boosted their price objective on shares of Qualcomm from $59.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Monday, October 3rd. Finally, Standpoint Research upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Thursday, August 25th. Seventeen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $66.03.

In related news, EVP Matthew S. Grob sold 2,000 shares of Qualcomm stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $62.30, for a total value of $124,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Derek K. Aberle sold 20,874 shares of Qualcomm stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $62.81, for a total value of $1,311,095.94. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Qualcomm Company 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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