Sfe Counsel has invested 2.65% in QUALCOMM, Inc. Ray Gerald L & Associates Ltd. now owns 43,765 shares of the wireless technology company's stock valued at $2,998,000 after buying an additional 7,100 shares in the last quarter. It also reduced Marathon Petroleum Corporation (NYSE:MPC) stake by 15,718 shares and now owns 44,801 shares.
In other news, Director Ann M. Livermore acquired 9,000 shares of the company's stock in a transaction dated Thursday, May 11th. Northern Trust Corp boosted its position in QUALCOMM by 2.6% in the third quarter. Green Square Capital LLC increased its position in QUALCOMM by 26.0% in the first quarter. FCA Corp TX increased its position in QUALCOMM by 0.9% in the third quarter. Institutional investors own 79.28% of the company's stock.
QUALCOMM, Inc. has a 1-year low of $50.84 and a 1-year high of $71.62. (NASDAQ:QCOM). Vnbtrust National Association holds 0.38% or 10,552 shares in its portfolio. In a transaction dated April 21, 2017, the shares were put up for sale at an average price of $52.53, raking in a sum of $1,313,250. $65.99's average target is 11.81% above currents $59.02 stock price. The firm has a market capitalization of $87.49 billion, a P/E ratio of 19.73 and a beta of 1.31.
Hall also suggested that Qualcomm's next logical step would be requesting a trade injunction against Apple's contract manufacturers but this will be complex and lengthy. Traders purchased 2,710 put options on the stock. This is an increase of 233% compared to the average daily volume of 813 put options. (NASDAQ:QCOM). Reliance Trust Co Of Delaware holds 8,765 shares. The wireless technology company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.29. The business had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.86 billion. Return on Equity (ROE) stands at 14.3% and Return on Investment (ROI) of 11.9 percent. Likewise, the upbeat performance for the last quarter was 4.46% and for the full year it was 8.73%. The Dana Investment Advisors Inc holds 40,559 shares with $2.15 million value, up from 33,709 last quarter.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. (NYSE:LOW). Patten & Patten Tn owns 28,861 shares for 0.25% of their portfolio. This represents a $2.28 dividend on an annualized basis and a yield of 3.85%. Waddell Reed Fincl invested 0.29% in QUALCOMM, Inc. QUALCOMM's dividend payout ratio (DPR) is now 64.63%.
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In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. The firm now has a $60.00 price target on the wireless technology company's stock. In its latest earnings release, Qualcomm gave a wider-than-normal earnings forecast for the current quarter, noting that it cannot predict whether contract manufacturers would continue to underpay royalties, stoking analysts' fears that the lawsuits could continue to weigh on Qualcomm's bottom line. Cowen and Company dropped their price objective on shares of QUALCOMM to $73.00 in a research report on Thursday, January 26th. (NASDAQ:QCOM) earned "Buy" rating by Canaccord Genuity on Thursday, November 5. The company presently has an average rating of "Hold" and an average target price of $64.23. Rosenberg Donald J sold $588,767 worth of stock. The stock was purchased at an average cost of $53.13 per share, for a total transaction of $999,640.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
In related news, EVP James H. Thompson sold 25,000 shares of the stock in a transaction that occurred on Friday, April 21st. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Following the completion of the transaction, the executive vice president now owns 76,246 shares in the company, valued at approximately $4,005,202.38. The disclosure for this sale can be found here. (NASDAQ: AAPL). However, this doesn't erase the headline risk from the ongoing dispute but the analyst does believe Qualcomm's stock is "discounting a significant amount of this risk now".