2,963 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Purchased by One Wealth Capital Management LLC

One Wealth Capital Management LLC bought a new position in QUALCOMM Incorporated (NASDAQ:QCOM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,963 shares of the wireless technology company’s stock, valued at approximately $455,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Regent Peak Wealth Advisors LLC lifted its position in QUALCOMM by 3.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 2,058 shares of the wireless technology company’s stock valued at $316,000 after purchasing an additional 68 shares during the last quarter. Diversified Trust Co raised its holdings in shares of QUALCOMM by 19.7% during the fourth quarter. Diversified Trust Co now owns 60,192 shares of the wireless technology company’s stock valued at $9,247,000 after buying an additional 9,910 shares during the last quarter. Iowa State Bank boosted its position in shares of QUALCOMM by 1.0% during the fourth quarter. Iowa State Bank now owns 18,150 shares of the wireless technology company’s stock worth $2,788,000 after buying an additional 176 shares during the period. CWA Asset Management Group LLC grew its holdings in QUALCOMM by 1.6% in the 4th quarter. CWA Asset Management Group LLC now owns 80,353 shares of the wireless technology company’s stock worth $12,344,000 after buying an additional 1,265 shares in the last quarter. Finally, Pensionfund Sabic increased its position in QUALCOMM by 41.7% in the 4th quarter. Pensionfund Sabic now owns 17,000 shares of the wireless technology company’s stock valued at $2,612,000 after acquiring an additional 5,000 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Up 0.1 %

Shares of QCOM stock traded up $0.10 on Tuesday, hitting $159.95. The company’s stock had a trading volume of 4,050,886 shares, compared to its average volume of 5,976,737. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The stock has a market capitalization of $177.70 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 2.65 and a beta of 1.25. QUALCOMM Incorporated has a fifty-two week low of $136.03 and a fifty-two week high of $230.63. The firm’s fifty day moving average price is $160.39 and its 200-day moving average price is $171.17.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on QCOM shares. Loop Capital initiated coverage on QUALCOMM in a research note on Monday, November 11th. They issued a “hold” rating and a $180.00 price target for the company. Melius Research started coverage on shares of QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 target price on the stock. TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a research note on Monday, September 16th. Morgan Stanley dropped their target price on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.11.

Insider Activity

In other news, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the transaction, the insider now directly owns 33,383 shares in the company, valued at $5,360,975.97. The trade was a 23.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares in the company, valued at approximately $3,121,130.68. The trade was a 11.59 % 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 valued at $4,314,649 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

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.