Czech National Bank Purchases 13,954 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Czech National Bank raised its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,887 shares of the wireless technology company’s stock after purchasing an additional 13,954 shares during the period. Czech National Bank’s holdings in QUALCOMM were worth $37,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. RMR Wealth Builders increased its position in shares of QUALCOMM by 7.7% in the fourth quarter. RMR Wealth Builders now owns 9,173 shares of the wireless technology company’s stock worth $1,409,000 after purchasing an additional 659 shares during the last quarter. HBW Advisory Services LLC increased its holdings in shares of QUALCOMM by 15.5% in the 4th quarter. HBW Advisory Services LLC now owns 2,170 shares of the wireless technology company’s stock worth $333,000 after buying an additional 291 shares during the last quarter. Highline Wealth Partners LLC raised its position in shares of QUALCOMM by 9.7% during the 4th quarter. Highline Wealth Partners LLC now owns 11,146 shares of the wireless technology company’s stock valued at $1,712,000 after buying an additional 988 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of QUALCOMM by 3.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 12,730 shares of the wireless technology company’s stock worth $1,956,000 after acquiring an additional 377 shares during the last quarter. Finally, Ridgewood Investments LLC grew its position in QUALCOMM by 43.8% in the fourth quarter. Ridgewood Investments LLC now owns 12,858 shares of the wireless technology company’s stock worth $1,975,000 after acquiring an additional 3,917 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Trading Down 1.3 %

Shares of QCOM stock opened at $156.98 on Monday. The company has a current ratio of 2.40, a quick ratio of 1.79 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 stock has a market capitalization of $174.40 billion, a P/E ratio of 17.46, a P/E/G ratio of 2.65 and a beta of 1.25. The firm’s 50 day moving average is $159.67 and its 200 day moving average is $169.92.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. Research analysts expect that QUALCOMM Incorporated will post 9.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on QCOM. Benchmark reaffirmed a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research note on Thursday, November 7th. Mizuho decreased their price target on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company upped their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Loop Capital initiated coverage on shares of QUALCOMM in a research report on Monday, November 11th. They issued a “hold” rating and a $180.00 target price on the stock. Finally, UBS Group increased their target price on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

Insider Activity

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the transaction, the general counsel now directly owns 12,007 shares of the company’s stock, valued at $1,981,875.42. The trade was a 13.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock worth $4,314,649 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

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.