QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Reduced by Graypoint LLC

Graypoint LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,707 shares of the wireless technology company’s stock after selling 504 shares during the period. Graypoint LLC’s holdings in QUALCOMM were worth $1,184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QCOM. American Century Companies Inc. grew its position in QUALCOMM by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 1,053,067 shares of the wireless technology company’s stock worth $209,750,000 after purchasing an additional 28,327 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in QUALCOMM by 5.6% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 41,737 shares of the wireless technology company’s stock worth $8,313,000 after purchasing an additional 2,197 shares during the last quarter. Main Street Financial Solutions LLC boosted its holdings in shares of QUALCOMM by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 5,763 shares of the wireless technology company’s stock valued at $1,148,000 after acquiring an additional 231 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of QUALCOMM by 12.1% in the second quarter. Oppenheimer & Co. Inc. now owns 133,399 shares of the wireless technology company’s stock valued at $26,570,000 after acquiring an additional 14,378 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of QUALCOMM by 6.8% in the second quarter. Meeder Asset Management Inc. now owns 154,903 shares of the wireless technology company’s stock valued at $30,854,000 after acquiring an additional 9,904 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 1,304 shares of the 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 transaction, the chief accounting officer now owns 94 shares in the company, valued at $14,570. This represents a 93.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. This trade represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock worth $4,314,649 in the last 90 days. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Down 1.3 %

QCOM stock opened at $156.98 on Friday. QUALCOMM Incorporated has a 12-month low of $136.03 and a 12-month high of $230.63. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The company has a market cap of $174.40 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.65 and a beta of 1.25. The company has a 50 day moving average of $159.67 and a two-hundred day moving average of $170.33.

QUALCOMM (NASDAQ:QCOM) last released its earnings results 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. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

QCOM has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. UBS Group increased their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Susquehanna decreased their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, November 20th. KeyCorp cut shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $207.11.

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.