Diversified Trust Co raised its position in QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 19.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,192 shares of the wireless technology company’s stock after purchasing an additional 9,910 shares during the quarter. Diversified Trust Co’s holdings in QUALCOMM were worth $9,247,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Lantz Financial LLC purchased a new position in shares of QUALCOMM in the second quarter valued at approximately $234,000. Strategic Financial Concepts LLC raised its stake in shares of QUALCOMM by 15,749.4% in the second quarter. Strategic Financial Concepts LLC now owns 554,253 shares of the wireless technology company’s stock valued at $1,104,000 after acquiring an additional 550,756 shares in the last quarter. Mount Lucas Management LP purchased a new position in QUALCOMM in the second quarter valued at $156,000. Oak Thistle LLC acquired a new position in QUALCOMM during the 2nd quarter worth $896,000. Finally, HCR Wealth Advisors increased its holdings in QUALCOMM by 10.0% during the 2nd quarter. HCR Wealth Advisors now owns 1,385 shares of the wireless technology company’s stock worth $276,000 after purchasing an additional 126 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Susquehanna lowered their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Melius Research began coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Loop Capital assumed coverage on QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 price target for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.
QUALCOMM Stock Performance
NASDAQ:QCOM traded up $2.37 during midday trading on Tuesday, reaching $162.22. The stock had a trading volume of 1,913,278 shares, compared to its average volume of 5,525,358. The stock has a market cap of $180.23 billion, a P/E ratio of 18.04, a P/E/G ratio of 2.65 and a beta of 1.25. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 12-month low of $136.03 and a 12-month high of $230.63. The firm has a fifty day simple moving average of $160.39 and a two-hundred day simple moving average of $171.17.
QUALCOMM (NASDAQ:QCOM – Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. On average, equities analysts expect that QUALCOMM Incorporated will post 9.09 EPS for the current year.
Insider Activity at QUALCOMM
In related news, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the transaction, the insider now directly owns 33,383 shares of the company’s stock, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock worth $4,314,649 over the last three months. 0.08% of the stock is currently owned by corporate insiders.
QUALCOMM Profile
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.
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