Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 184,805 shares of the wireless technology company's stock, valued at approximately $28,390,000.
- MarketBeat Week in Review — 04/07 - 04/11
Several other large investors have also recently modified their holdings of QCOM. Te Ahumairangi Investment Management Ltd grew its holdings in QUALCOMM by 60.9% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 37,551 shares of the wireless technology company's stock valued at $6,349,000 after buying an additional 14,213 shares in the last quarter. Anchor Investment Management LLC grew its stake in QUALCOMM by 2.2% during the third quarter. Anchor Investment Management LLC now owns 34,700 shares of the wireless technology company's stock valued at $5,901,000 after acquiring an additional 747 shares in the last quarter. World Investment Advisors LLC increased its holdings in QUALCOMM by 304.0% during the 3rd quarter. World Investment Advisors LLC now owns 45,166 shares of the wireless technology company's stock worth $7,680,000 after acquiring an additional 33,985 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in QUALCOMM by 620.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 55,668 shares of the wireless technology company's stock worth $9,466,000 after purchasing an additional 47,945 shares in the last quarter. Finally, Optimist Retirement Group LLC boosted its holdings in QUALCOMM by 4.1% in the 3rd quarter. Optimist Retirement Group LLC now owns 13,579 shares of the wireless technology company's stock valued at $2,309,000 after purchasing an additional 531 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.
Insider Transactions at QUALCOMM
In other QUALCOMM news, CFO Akash J. Palkhiwala sold 269 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $131.10, for a total value of $35,265.90. Following the completion of the transaction, the chief financial officer now owns 57,728 shares in the company, valued at approximately $7,568,140.80. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander H. Rogers sold 19,287 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the transaction, the insider now directly owns 20,762 shares of the company's stock, valued at $3,526,010.46. This represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,666 shares of company stock valued at $5,047,052. Corporate insiders own 0.08% of the company's stock.
Analyst Ratings Changes
- Qualcomm Breaks Down But RSI Signals It’s Severely Oversold
QCOM has been the topic of several research analyst reports. TD Cowen decreased their price target on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Cantor Fitzgerald restated a "neutral" rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. Citigroup dropped their price target on QUALCOMM from $185.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday. Benchmark restated a "buy" rating and issued a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. Finally, Barclays dropped their target price on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, QUALCOMM currently has a consensus rating of "Hold" and an average target price of $201.21.
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View Our Latest Analysis on QCOM
QUALCOMM Price Performance
- MarketBeat Week in Review – 03/31 - 04/04
Shares of QCOM stock opened at $139.25 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The firm has a market cap of $154.01 billion, a P/E ratio of 14.88, a P/E/G ratio of 2.01 and a beta of 1.28. The business's 50 day moving average price is $156.49 and its 200-day moving average price is $161.38. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $230.63.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. On average, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.
About QUALCOMM
(Free Report)
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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