Wedmont Private Capital Buys 881 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Wedmont Private Capital boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,827 shares of the wireless technology company’s stock after purchasing an additional 881 shares during the quarter. Wedmont Private Capital’s holdings in QUALCOMM were worth $1,857,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Westmount Partners LLC raised its position in shares of QUALCOMM by 16.9% in the 4th quarter. Westmount Partners LLC now owns 10,045 shares of the wireless technology company’s stock valued at $1,543,000 after purchasing an additional 1,450 shares during the last quarter. CHICAGO TRUST Co NA raised its holdings in shares of QUALCOMM by 12.6% in the fourth quarter. CHICAGO TRUST Co NA now owns 8,921 shares of the wireless technology company’s stock worth $1,370,000 after buying an additional 997 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of QUALCOMM during the fourth quarter worth $54,000. Capital Investment Advisors LLC grew its holdings in shares of QUALCOMM by 2.0% during the fourth quarter. Capital Investment Advisors LLC now owns 264,541 shares of the wireless technology company’s stock valued at $40,639,000 after buying an additional 5,256 shares during the last quarter. Finally, Trust Co. of Toledo NA OH increased its position in shares of QUALCOMM by 0.8% in the 4th quarter. Trust Co. of Toledo NA OH now owns 47,597 shares of the wireless technology company’s stock valued at $7,312,000 after acquiring an additional 392 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Up 0.1 %

Shares of QCOM stock opened at $157.13 on Tuesday. QUALCOMM Incorporated has a fifty-two week low of $137.35 and a fifty-two week high of $230.63. 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 stock’s fifty day moving average is $159.51 and its two-hundred day moving average is $169.65. The firm has a market capitalization of $174.57 billion, a P/E ratio of 17.48, a PEG ratio of 2.65 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $9.90 billion. Research analysts expect that QUALCOMM Incorporated will post 9.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on QCOM shares. Evercore ISI boosted their price target on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Mizuho decreased their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. UBS Group increased their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $14,570. The trade was a 93.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction dated 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 directly owns 12,007 shares in the company, valued at $1,981,875.42. This trade represents a 13.67 % decrease in their ownership of the stock. 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 ninety days. Insiders own 0.08% of the company’s stock.

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.