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

Family Office Research LLC bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,712 shares of the wireless technology company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new position in QUALCOMM during the fourth quarter valued at $26,000. CKW Financial Group purchased a new position in QUALCOMM in the 4th quarter valued at about $27,000. Centricity Wealth Management LLC acquired a new stake in QUALCOMM in the 4th quarter worth about $29,000. CoreFirst Bank & Trust purchased a new stake in QUALCOMM during the 4th quarter worth approximately $33,000. Finally, Synergy Asset Management LLC purchased a new position in shares of QUALCOMM in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now directly owns 20,762 shares of the company’s stock, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 648 shares of the business’s stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $141.11, for a total transaction of $91,439.28. Following the transaction, the chief financial officer now owns 56,445 shares of the company’s stock, valued at approximately $7,964,953.95. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,666 shares of company stock worth $5,047,052 over the last 90 days. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Down 6.4 %

QUALCOMM stock opened at $134.40 on Friday. The firm has a market capitalization of $148.65 billion, a P/E ratio of 14.36, a P/E/G 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 Incorporated has a twelve month low of $120.80 and a twelve month high of $230.63. The stock’s fifty day simple moving average is $157.17 and its 200-day simple moving average is $161.66.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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%. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on QCOM shares. Barclays dropped their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Benchmark restated a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research report on Friday, February 7th. Piper Sandler cut their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Cantor Fitzgerald restated a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. Finally, Evercore ISI reduced their price objective on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $202.64.

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.