QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Private Advisory Group LLC

Private Advisory Group LLC lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,021 shares of the wireless technology company’s stock after selling 583 shares during the period. Private Advisory Group LLC’s holdings in QUALCOMM were worth $684,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of QCOM. Public Employees Retirement System of Ohio grew its position in QUALCOMM by 1.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 575,336 shares of the wireless technology company’s stock worth $83,211,000 after acquiring an additional 8,995 shares during the period. Optimist Retirement Group LLC acquired a new position in shares of QUALCOMM in the 4th quarter valued at $1,975,000. PCA Investment Advisory Services Inc. purchased a new position in shares of QUALCOMM during the 4th quarter worth $204,000. CMG Global Holdings LLC acquired a new stake in shares of QUALCOMM during the 4th quarter worth about $289,000. Finally, Secured Retirement Advisors LLC purchased a new stake in QUALCOMM in the 4th quarter valued at about $1,419,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $160.50, for a total value of $1,284,000.00. Following the completion of the transaction, the chief technology officer now owns 229,987 shares in the company, valued at approximately $36,912,913.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $160.50, for a total value of $1,284,000.00. Following the completion of the sale, the chief technology officer now directly owns 229,987 shares of the company’s stock, valued at approximately $36,912,913.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the transaction, the chief financial officer now owns 51,437 shares in the company, valued at $8,535,970.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,245 shares of company stock worth $3,679,407 over the last three months. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on QCOM. Tigress Financial increased their target price on shares of QUALCOMM from $238.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their target price on shares of QUALCOMM from $140.00 to $170.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on QUALCOMM from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.38.

QUALCOMM Price Performance

QUALCOMM stock opened at $169.98 on Friday. The stock has a market cap of $189.70 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 1.71 and a beta of 1.28. The company has a fifty day simple moving average of $167.85 and a 200-day simple moving average of $181.98. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. QUALCOMM Incorporated has a 12-month low of $104.33 and a 12-month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The business had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.23 billion. Equities analysts expect that QUALCOMM Incorporated will post 8.02 EPS for the current fiscal year.

About QUALCOMM

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.