Today, Qualcomm Inc. (QCOM) Stake Increased by Pure Financial Advisors Inc.

Today, Qualcomm Inc. (QCOM) Stake Increased by Pure Financial Advisors Inc.
Pure Financial Advisors Inc. boosted its stake in Qualcomm Inc. (NASDAQ:QCOM) by 13.3% during the third quarter, Holdings Channel reports. The fund owned 18,151 shares of the wireless technology company’s stock after buying an additional 2,127 shares during the period. Pure Financial Advisors Inc.’s holdings in Qualcomm were worth $1,243,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of QCOM. Pinkerton Retirement Specialists LLC increased its position in 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 period. Krilogy Financial LLC increased its position in 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 period. Joel Isaacson & Co. LLC increased its position in 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 period. Americafirst Capital Management LLC bought a new position in Qualcomm during the second quarter valued at $121,000. Finally, Delta Asset Management LLC TN increased its position in Qualcomm by 12.8% in the second quarter. Delta Asset Management LLC TN now owns 2,417 shares of the wireless technology company’s stock valued at $129,000 after buying an additional 275 shares during the period. 77.86% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Inc. (NASDAQ:QCOM) traded up 0.23% during trading on Friday, hitting $68.29. 4,200,136 shares of the stock were exchanged. The firm has a market cap of $100.86 billion, a PE ratio of 17.92 and a beta of 1.36. The stock’s 50-day moving average price is $67.26 and its 200-day moving average price is $60.72. Qualcomm Inc. has a 12-month low of $42.24 and a 12-month high of $71.62.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.12 annualized dividend and a dividend yield of 3.10%. Qualcomm’s dividend payout ratio (DPR) is 55.64%.

QCOM has been the subject of several research analyst reports. Vetr upgraded shares of Qualcomm from a “buy” rating to a “strong-buy” rating and set a $69.01 price target for the company in a research report on Monday, September 12th. Canaccord Genuity reiterated a “buy” rating and issued a $70.00 price objective on shares of Qualcomm in a report on Monday, August 15th. Mizuho upgraded shares of Qualcomm from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday, September 29th. Zacks Investment Research downgraded shares of Qualcomm from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Finally, Cowen and Company reiterated an “outperform” rating and issued a $74.00 price objective on shares of Qualcomm in a report on Monday, October 10th. Seventeen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $66.03.

In other news, EVP Matthew S. Grob sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $62.30, for a total transaction of $124,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Derek K. Aberle sold 20,874 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $62.81, for a total transaction 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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