Hummer Financial Advisory Services Inc Has $948,000 Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Hummer Financial Advisory Services Inc decreased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,170 shares of the wireless technology company’s stock after selling 200 shares during the quarter. QUALCOMM makes up about 0.7% of Hummer Financial Advisory Services Inc’s investment portfolio, making the stock its 26th largest position. Hummer Financial Advisory Services Inc’s holdings in QUALCOMM were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of QCOM. Wallace Advisory Group LLC boosted its holdings in shares of QUALCOMM by 22.0% in the 4th quarter. Wallace Advisory Group LLC now owns 2,226 shares of the wireless technology company’s stock worth $379,000 after acquiring an additional 401 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in QUALCOMM by 6.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 25,752 shares of the wireless technology company’s stock worth $3,956,000 after purchasing an additional 1,589 shares in the last quarter. Greenfield Savings Bank bought a new stake in shares of QUALCOMM during the fourth quarter worth $223,000. Grandview Asset Management LLC bought a new position in shares of QUALCOMM in the fourth quarter valued at about $385,000. Finally, FNY Investment Advisers LLC bought a new position in shares of QUALCOMM in the fourth quarter worth about $2,058,000. 74.35% of the stock is currently owned by institutional investors.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the transaction, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,882 shares of company stock valued at $4,314,649. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of recent research reports. Susquehanna dropped their target price on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company 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 report on Tuesday, October 8th. Citigroup reduced their price objective on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. Wells Fargo & Company increased their price target on QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Finally, Loop Capital started coverage on QUALCOMM in a research note on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

QUALCOMM Stock Performance

Shares of QCOM opened at $157.13 on Tuesday. The stock has a market capitalization of $174.57 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.65 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $137.35 and a 12 month high of $230.63. The firm has a fifty day simple moving average of $159.51 and a 200 day simple moving average of $169.65. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The company had revenue of $10.24 billion during 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%. Research analysts forecast that QUALCOMM Incorporated will post 9.09 EPS for the current fiscal year.

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.