Perkins Coie Trust Co increased its position in shares of QUALCOMM, Inc. (KMI) stake by 20.03% reported in 2016Q4 SEC filing. The fund owned 4,100 shares of the wireless technology company's stock after selling 300 shares during the period. Perkins Coie Trust Co's holdings in QUALCOMM were worth $1,980,000 as of its most recent filing with the SEC. (NASDAQ:QCOM) news were published by: Reuters.com which released: "Qualcomm ups ante in fight with Apple, sues four Taiwanese suppliers" on May 17, 2017, also Investorplace.com with their article: "Qualcomm, Inc".
Now the shares of QUALCOMM Incorporated (QCOM) has a trading volume of 13.12 Million shares, with an average trading volume of 10920 shares - with shares dropping to a 52 week low of $49.56, and the company's shares hitting a 52 week high of $ 70.41. FMR LLC increased its stake in QUALCOMM by 1.3% in the first quarter. The Company's clinical-stage product candidate includes ONT-380, an orally active and selective small-molecule human epidermal growth factor receptor 2 inhibitor. Vanguard Group Inc. now owns 101,946,927 shares of the wireless technology company's stock worth $5,845,637,000 after buying an additional 2,237,292 shares during the period. BKS Advisors LLC acquired a new stake in QUALCOMM during the third quarter valued at about $176,000. BlackRock Fund Advisors now owns 21,432,143 shares of the wireless technology company's stock worth $1,468,102,000 after buying an additional 3,035,542 shares during the period. Following the sale, the executive vice president now directly owns 76,246 shares in the company, valued at approximately $4,005,202.38. The firm has a market capitalization of $81.73 billion, a price-to-earnings ratio of 18.43 and a beta of 1.31. Recall, as a general guideline, when the price is above a moving average the trend is considered up. QUALCOMM also was the recipient of some unusual options trading on Friday. Stock traders purchased 51,480 call options on the stock. This represents an increase of 364% compared to the typical volume of 11,084 call options. The wireless technology company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.29. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.86 billion. The business's quarterly revenue was up 8.1% compared to the same quarter previous year. Moving forward to EPS growth, the firms has 39.70% and 18.40% earnings per share growth for this year.More news: Kevin Durant, Warriors fans gear up for Western Conference Finals against Spurs
Sanford C. Bernstein reiterated their market perform rating on shares of QUALCOMM, Inc.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.57 per share. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range. Edge Asset Mngmt Inc stated it has 0.12% of its portfolio in QUALCOMM, Inc. QUALCOMM's dividend payout ratio is presently 64.63%.More news: Google Play Award winners announced, highlighting best app and games for 2017
COPYRIGHT VIOLATION NOTICE: This report was first reported by BBNS and is the property of of BBNS. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & global copyright legislation. Cowen and Company cut their target price on shares of QUALCOMM to $73.00 in a research report on Thursday, January 26th.
QCOM has been the topic of several recent analyst reports. Shares of Kinder Morgan, Inc. The stock has "Outperform" rating by RBC Capital Markets on Thursday, July 21. And the values below 20 that it is oversold indicate prices could very well bounce upwards.More news: Trump Tells Russians That Comey Firing Relieved Pressure
QUALCOMM Incorporated (NASDAQ:QCOM) shows upbeat performance surged with price of $57.24. CLSA lowered shares of QUALCOMM from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $80.00 to $60.00 in a research note on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Financial Ser Corp invested in 1,544 shares or 0.05% of the stock. Also, EVP Donald J. Rosenberg sold 10,701 shares of the business's stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $55.02, for a total transaction of $588,769.02.
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