Family Office Research LLC Acquires Shares of 1,712 QUALCOMM Incorporated (NASDAQ:QCOM)

Family Office Research LLC purchased a new position in QUALCOMM Incorporated (NASDAQ:QCOM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,712 shares of the wireless technology company’s stock, valued at approximately $263,000.

A number of other hedge funds have also added to or reduced their stakes in QCOM. TD Private Client Wealth LLC increased its stake in shares of QUALCOMM by 1.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 9,884 shares of the wireless technology company’s stock worth $1,681,000 after purchasing an additional 100 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in QUALCOMM by 6.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 10,249 shares of the wireless technology company’s stock valued at $1,744,000 after acquiring an additional 664 shares during the last quarter. Te Ahumairangi Investment Management Ltd lifted its position in shares of QUALCOMM by 60.9% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,551 shares of the wireless technology company’s stock worth $6,349,000 after buying an additional 14,213 shares in the last quarter. Anchor Investment Management LLC boosted 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 buying an additional 747 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in QUALCOMM by 38.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 230,327 shares of the wireless technology company’s stock valued at $36,113,000 after buying an additional 63,802 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

QCOM has been the topic of several recent research reports. TD Cowen decreased their price objective on QUALCOMM from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Benchmark restated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. Mizuho dropped their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Evercore ISI lowered their price objective on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $202.64.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at $80,596.63. This represents a 61.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares of the company’s stock, valued at approximately $3,526,010.46. This represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,666 shares of company stock valued at $5,047,052 in the last three months. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $134.40 on Friday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $230.63. The company has a market capitalization of $148.65 billion, a PE ratio of 14.36, a P/E/G ratio of 2.01 and a beta of 1.28. 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 company has a 50-day simple moving average of $157.17 and a two-hundred day simple moving average of $161.66.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

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.