Vigilare Wealth Management Sells 926 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)


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Vigilare Wealth Management lowered its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,663 shares of the wireless technology company’s stock after selling 926 shares during the quarter. Vigilare Wealth Management’s holdings in QUALCOMM were worth $863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Xcel Wealth Management LLC increased its position in QUALCOMM by 1.2% during the 4th quarter. Xcel Wealth Management LLC now owns 5,934 shares of the wireless technology company’s stock valued at $903,000 after purchasing an additional 70 shares during the period. ICW Investment Advisors LLC lifted its stake in shares of QUALCOMM by 2.3% during the 3rd quarter. ICW Investment Advisors LLC now owns 3,440 shares of the wireless technology company’s stock worth $405,000 after acquiring an additional 78 shares during the last quarter. AlphaCrest Capital Management LLC lifted its stake in shares of QUALCOMM by 2.3% during the 3rd quarter. AlphaCrest Capital Management LLC now owns 3,843 shares of the wireless technology company’s stock worth $452,000 after acquiring an additional 86 shares during the last quarter. Ayrshire Capital Management LLC lifted its stake in shares of QUALCOMM by 1.0% during the 3rd quarter. Ayrshire Capital Management LLC now owns 8,539 shares of the wireless technology company’s stock worth $1,005,000 after acquiring an additional 87 shares during the last quarter. Finally, Trellis Advisors LLC increased its holdings in QUALCOMM by 1.2% during the 3rd quarter. Trellis Advisors LLC now owns 7,651 shares of the wireless technology company’s stock worth $900,000 after purchasing an additional 89 shares during the period. 74.79% of the stock is owned by institutional investors.

Shares of NASDAQ QCOM traded up $5.48 during mid-day trading on Thursday, hitting $162.90. The company had a trading volume of 390,729 shares, compared to its average volume of 6,877,996. The company has a market capitalization of $184.24 billion, a PE ratio of 66.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company has a debt-to-equity ratio of 4.67, a current ratio of 1.97 and a quick ratio of 1.67. QUALCOMM Incorporated has a 1-year low of $58.00 and a 1-year high of $161.07. The business’s 50-day simple moving average is $150.40 and its 200 day simple moving average is $124.06.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.28. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $5.94 billion. QUALCOMM had a return on equity of 78.39% and a net margin of 13.72%. The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. On average, analysts expect that QUALCOMM Incorporated will post 3.2 EPS for the current year.

In other news, President Cristiano R. Amon sold 19,606 shares of QUALCOMM stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $143.65, for a total transaction of $2,816,401.90. Following the completion of the sale, the president now directly owns 67,794 shares in the company, valued at approximately $9,738,608.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Erin L. Polek sold 3,455 shares of QUALCOMM stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $142.48, for a total transaction of $492,268.40. Following the sale, the chief accounting officer now owns 2,738 shares of the company’s stock, valued at $390,110.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,909 shares of company stock valued at $20,502,275. Insiders own 0.12% of the company’s stock.

QCOM has been the topic of several research reports. Mizuho raised their price objective on QUALCOMM from $154.00 to $163.00 and gave the stock a “buy” rating in a report on Monday, December 28th. Piper Sandler boosted their target price on QUALCOMM from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, December 4th. BNP Paribas raised QUALCOMM from an “underperform” rating to an “outperform” rating and set a $140.00 price target for the company in a research report on Friday, September 25th. Oppenheimer reaffirmed a “hold” rating on shares of QUALCOMM in a research report on Thursday, November 5th. Finally, Royal Bank of Canada boosted their price objective on QUALCOMM from $106.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, November 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $146.85.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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