F M Investments LLC Has $1.73 Million Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

F M Investments LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 40.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,278 shares of the wireless technology company’s stock after acquiring an additional 3,272 shares during the quarter. F M Investments LLC’s holdings in QUALCOMM were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. TD Private Client Wealth LLC raised its position in 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 during the last quarter. Te Ahumairangi Investment Management Ltd increased its stake in shares of QUALCOMM by 60.9% in 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 during the period. Anchor Investment Management LLC raised its position in shares of QUALCOMM by 2.2% during the third quarter. Anchor Investment Management LLC now owns 34,700 shares of the wireless technology company’s stock worth $5,901,000 after acquiring an additional 747 shares during the last quarter. World Investment Advisors LLC lifted its stake in shares of QUALCOMM by 304.0% during the third quarter. World Investment Advisors LLC now owns 45,166 shares of the wireless technology company’s stock valued at $7,680,000 after acquiring an additional 33,985 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its holdings in QUALCOMM by 620.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 55,668 shares of the wireless technology company’s stock valued at $9,466,000 after acquiring an additional 47,945 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Price Performance

QCOM stock opened at $139.25 on Friday. The stock has a 50-day moving average price of $156.49 and a two-hundred day moving average price of $161.46. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $230.63. The stock has a market cap of $154.01 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

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

Wall Street Analysts Forecast Growth

QCOM has been the subject of several recent research reports. TD Cowen dropped their price objective on QUALCOMM from $195.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday. Benchmark reissued a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research note on Friday, February 7th. Citigroup reduced their price objective on shares of QUALCOMM from $185.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $201.21.

Insider Activity

In other news, CAO Neil Martin sold 744 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the transaction, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. This represents a 61.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction dated 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 completion of the sale, the insider now directly owns 20,762 shares in the company, 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 have sold 30,666 shares of company stock worth $5,047,052 over the last ninety days. 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.