QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,744 shares of the wireless technology company’s stock after purchasing an additional 369 shares during the period. QUALCOMM comprises approximately 1.7% of Wolff Wiese Magana LLC’s portfolio, making the stock its 17th largest position. Wolff Wiese Magana LLC’s holdings in QUALCOMM were worth $2,572,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HWG Holdings LP purchased a new position in shares of QUALCOMM during the second quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new position in shares of QUALCOMM during the third quarter valued at approximately $26,000. Planning Capital Management Corp lifted its stake in shares of QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 114 shares during the period. Hershey Financial Advisers LLC purchased a new position in QUALCOMM during the second quarter worth approximately $42,000. Finally, Accordant Advisory Group Inc purchased a new position in QUALCOMM during the third quarter worth approximately $36,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Up 2.4 %

QCOM stock opened at $163.32 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The company’s 50-day simple moving average is $159.38 and its 200 day simple moving average is $169.37. QUALCOMM Incorporated has a 52 week low of $137.35 and a 52 week high of $230.63. The company has a market capitalization of $181.45 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.65 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Susquehanna dropped their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. KeyCorp cut shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Melius assumed coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. Finally, Evercore ISI raised their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.11.

Insiders Place Their Bets

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of QUALCOMM stock in a transaction on Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares in the company, valued at $3,121,130.68. The trade was a 11.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at approximately $14,570. The trade was a 93.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is currently owned by insiders.

QUALCOMM Company 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.