QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Lifted by Annex Advisory Services LLC

Annex Advisory Services LLC grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 16.6% during the third quarter, Holdings Channel.com reports. The firm owned 25,550 shares of the wireless technology company’s stock after buying an additional 3,631 shares during the quarter. Annex Advisory Services LLC’s holdings in QUALCOMM were worth $4,345,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Inspire Investing LLC boosted its stake in QUALCOMM by 283.5% during the third quarter. Inspire Investing LLC now owns 19,008 shares of the wireless technology company’s stock valued at $3,232,000 after buying an additional 14,052 shares in the last quarter. Matrix Asset Advisors Inc. NY lifted its holdings in QUALCOMM by 15.8% in the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 167,660 shares of the wireless technology company’s stock valued at $28,511,000 after acquiring an additional 22,921 shares during the last quarter. Guinness Atkinson Asset Management Inc boosted its position in shares of QUALCOMM by 21.7% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 640 shares of the wireless technology company’s stock valued at $109,000 after purchasing an additional 114 shares in the last quarter. Perfromance Wealth Partners LLC grew its stake in shares of QUALCOMM by 7.9% in the 3rd quarter. Perfromance Wealth Partners LLC now owns 4,860 shares of the wireless technology company’s stock worth $826,000 after purchasing an additional 355 shares during the last quarter. Finally, First Affirmative Financial Network raised its holdings in shares of QUALCOMM by 35.8% in the 3rd quarter. First Affirmative Financial Network now owns 2,861 shares of the wireless technology company’s stock worth $486,000 after purchasing an additional 754 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Trading Up 0.9 %

Shares of NASDAQ:QCOM opened at $169.98 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39. The stock’s 50-day moving average is $167.85 and its 200-day moving average is $182.09. The company has a market cap of $189.70 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.71 and a beta of 1.28. QUALCOMM Incorporated has a 52-week low of $104.33 and a 52-week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The firm had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.23 billion. Equities research analysts predict that QUALCOMM Incorporated will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Susquehanna upped their price target on QUALCOMM from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. DZ Bank raised QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Friday, August 2nd. Hsbc Global Res lowered QUALCOMM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Piper Sandler restated an “overweight” rating and set a $205.00 price target (up previously from $185.00) on shares of QUALCOMM in a report on Thursday, August 1st. Finally, Tigress Financial upped their price target on shares of QUALCOMM from $238.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, June 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $209.38.

Insider Buying and Selling at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the transaction, the chief financial officer now directly owns 51,437 shares in the company, valued at $8,535,970.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, the chief financial officer now owns 51,437 shares in the company, valued at $8,535,970.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander H. Rogers sold 3,245 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total transaction of $539,156.75. Following the transaction, the insider now directly owns 32,231 shares of the company’s stock, valued at $5,355,180.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,245 shares of company stock valued at $3,679,407 in the last ninety days. Company insiders own 0.08% of the company’s stock.

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.