On September 19, 2023, it was reported that Collective Family Office LLC has reduced its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 33.6% during the second quarter. This information is based on the company’s recent 13F filing with the Securities and Exchange Commission (SEC). As a result of the sell-off, Collective Family Office LLC now owns 2,251 shares of QUALCOMM’s stock, having sold 1,140 shares during this period. The estimated value of these remaining shares is $268,000 at the end of the reporting period.
QUALCOMM Incorporated is a leading wireless technology company that offers communication solutions in various industries such as automotive, healthcare, and telecommunications. The company provides semiconductor and system software components for mobile devices and operates primarily through three segments: QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing), and QSI (Qualcomm Strategic Initiatives).
In addition to the reduction in holdings by Collective Family Office LLC, QUALCOMM also recently declared a quarterly dividend payment. Shareholders who held their positions until Thursday, August 31st will receive a dividend of $0.80 per share on Thursday, September 21st. With an ex-dividend date set for Wednesday, August 30th, investors who acquired shares after this date will not be eligible for this upcoming dividend.
The annualized dividend payout ratio (DPR) of QUALCOMM stands at 41.88% based on the current dividend amount. This figure indicates that the company distributes about 41.88% of its earnings to shareholders in the form of dividends annually. Based on these figures, shareholders can expect a total annual dividend payout amounting to $3.20 per share.
Furthermore, with a yield percentage of 2.84%, investors who hold QUALCOMM shares can enjoy a modest return on their investment through dividends alone if they maintain their positions. The yield represents the annual dividend as a percentage of the current share price and serves as an indicator of investor income.
Investors and analysts can draw valuable insights from this information provided by Collective Family Office LLC’s filing and QUALCOMM’s dividend announcement. These disclosures shed light on the company’s financial performance, stock valuation, and investor returns. Market participants can utilize these findings to make informed decisions regarding their investments in QUALCOMM Incorporated or similar companies operating in the wireless technology sector.
Paylocity Holding Corporation
PCTY
Strong Buy
Updated on: 19/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Changes in Institutional and Hedge Fund Positions in QUALCOMM: Evaluating Recent Updates and Insights into Future Developments
Institutional investors and hedge funds have been making changes to their positions in QUALCOMM, one of the leading wireless technology companies. State Street Corp, for instance, grew its stake by 2.5% in the first quarter, now owning 48,492,351 shares worth $6,186,652,000. Moneta Group Investment Advisors LLC saw a significant raise in their position by 117,461.0% during the fourth quarter, now holding 24,587,893 shares worth $2,703,193,000. Morgan Stanley also boosted its position in QUALCOMM by 22.2% during the same period and now owns 21,602,874 shares valued at $2,375,020,000.
Geode Capital Management LLC increased its holdings by 2.1% in the first quarter and now possesses 21,033,199 shares worth $2,677,836 billion while Alliancebernstein L.P raised its holdings by 0.7%% in the fourth quarter with a total of 18 million shares valued at $1.98 billion.
According to reports from Bloomberg’s research analysts research analysts have given mixed ratings on QUALCOMM recently; Deutsche Bank Aktiengesellschaft downgraded the stock from “buy” to “hold” lowering their target price from $130 to $121.
Bank of America raised their target price on QUALCOMM from $130 to $145 whereas Mizuho reaffirmed a “buy” rating with a target price of $140. Furthermore UBS Group increased their target price on it from $120-130 and gave them a neutral rating.
Finally Piper Sandler revised upward their target price from $120 to $140 and assigned an overweight rating for the company’s stock.
NASDAQ:QCOM opened at $112.75 as of September 19th with a market capitalization of approximately $124 billion USD. It also had a PE ratio of 14.76 and a price-to-earnings-growth (PEG) ratio of 1.10. Its beta stands at 1.23.
QUALCOMM’s financials for August 2nd showcased an EPS of $1.40, surpassing analyst predictions by $0.05 with a return on equity of 45.94% and a net margin of 22.33%. The company’s revenue for the fiscal quarter stood at $8.45 billion, slightly lower than anticipated but in line with expectations.
Moving forward, research analysts estimate that QUALCOMM Incorporated will post earnings per share of $6.41 for the current fiscal year.
With these recent updates and insights into QUALCOMM’s performance, it is crucial to stay tuned for future developments as both institutional investors and hedge funds continue to fine-tune their positions within this wireless technology giant.
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