Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. KS's holdings in QUALCOMM were worth $37,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Jacobi Capital Management LLC boosted its stake in shares of QUALCOMM by 10.8% in the first quarter. Stifel Financial Corp now owns 2,932,964 shares of the wireless technology company's stock valued at $168,002,000 after buying an additional 943,026 shares during the period. Vanguard Group Inc. grew its position in QUALCOMM by 1.5% in the 2nd quarter. Capital International Investors grew its position in QUALCOMM by 59.9% in the 2nd quarter. American National Bank now owns 3,637 shares of the wireless technology company's stock worth $201,000 after acquiring an additional 812 shares during the last quarter.
Covering sell-side analysts have recently weighed in on shares of QUALCOMM Incorporated (NASDAQ:QCOM).
QUALCOMM Incorporated (NASDAQ:QCOM) slipped over -0.61% at $51.98, after hitting low of $51.48 in an intra-day trade. The firm has a market capitalization of $76.73 billion, a PE ratio of 19.91 and a beta of 1.29.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to analysts' expectations of $5.25 billion. QUALCOMM had a ROE of 19.64% and a net profit margin of 17.26%. EPS breaks down the profitability of the company on a single share basis. During the same period in the prior year, the firm earned $1.16 EPS. First Foundation Advisors grew its stake in shares of QUALCOMM by 0.6% in the 1st quarter.
As of late the company also disclosed a divided for the quarter, to be paid on early Wed, Sep 20th. Stockholders of record on Wednesday, August 30th will be issued a dividend of $0.57 per share. The ex-dividend date was Mon, Aug 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.39%. QUALCOMM's dividend payout ratio is now 87.36%.
In related news, EVP Michelle M. Sterling sold 4,740 shares of the firm's stock in a transaction on Monday, August 21st. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Derek K. Aberle sold 23,104 shares of the firm's stock in a transaction dated Monday, July 10th. The stock was unloaded at a price range of of $55.38, amounting to $1,279,499.52. The stock was trading at a distance of -27.42% from its 52-week highs and stands 6.26% away from its 52-week lows. The disclosure for this sale can be found here. For the same quarter past year, the public company disclosed $1.16 EPS. "KS" was originally reported by Equities Focus and is the sole property of of Equities Focus. If you are accessing this story on another domain, it was illegally stolen and republished in violation of USA and worldwide copyright & trademark law. The original version of this story can be accessed at https://www.truebluetribune.com/2017/09/21/qualcomms-qcom-market-perform-rating-reaffirmed-at-william-blair.html. The downside is that should QCOM trade below $45 ahead of expiration, you could be assigned 100 shares for each sold put at a cost of $45 per share. If the published price targets set by QUALCOMM Incorporated analysts have any power to influence the stock's share price, the highest price target set for QCOM is $70. Vetr raised QUALCOMM from a "hold" rating to a "buy" rating and set a $60.62 price target on the stock in a research note on Monday, May 29th. J P Morgan Chase & Co restated an "overweight" rating on shares of QUALCOMM in a research note on Wednesday, September 6th. They issued a "hold" rating and a $62.00 price target on the stock. A rating of 4 or 5 would represent a Sell recommendation. The corporation has a consensus rating of "Hold" and a consensus price objective of $63.96.