Avior Wealth Management LLC Buys 410 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Avior Wealth Management LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,868 shares of the wireless technology company’s stock after purchasing an additional 410 shares during the period. Avior Wealth Management LLC’s holdings in QUALCOMM were worth $1,717,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. bought a new position in QUALCOMM in the 3rd quarter worth approximately $26,000. Financial Gravity Asset Management Inc. raised its position in QUALCOMM by 102.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 122 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in QUALCOMM in the 1st quarter worth approximately $26,000. Legacy Financial Group LLC bought a new position in QUALCOMM in the 3rd quarter worth approximately $29,000. Finally, Pacific Center for Financial Services bought a new position in QUALCOMM in the 1st quarter worth approximately $31,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 0.6 %

QCOM opened at $169.57 on Wednesday. The stock has a market capitalization of $189.24 billion, a P/E ratio of 24.43, a P/E/G ratio of 2.32 and a beta of 1.41. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $177.59. The firm’s fifty day simple moving average is $164.11 and its 200 day simple moving average is $142.05. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.90 by $0.43. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. As a group, research analysts anticipate that QUALCOMM Incorporated will post 7.67 EPS for the current fiscal year.

Insider Activity at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the sale, the chief executive officer now directly owns 32,400 shares of the company’s stock, valued at approximately $4,843,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the sale, the chief executive officer now directly owns 32,400 shares of the company’s stock, valued at approximately $4,843,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Neil Martin sold 371 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the sale, the chief accounting officer now directly owns 689 shares in the company, valued at $103,232.87. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,360 shares of company stock valued at $7,184,678. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on QCOM shares. Canaccord Genuity Group lifted their target price on shares of QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, January 19th. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. Mizuho lifted their target price on shares of QUALCOMM from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Piper Sandler lifted their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, Barclays lifted their target price on shares of QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.90.

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.