QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Safeguard Financial LLC

Safeguard Financial LLC trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,931 shares of the wireless technology company’s stock after selling 260 shares during the period. Safeguard Financial LLC’s holdings in QUALCOMM were worth $297,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its stake in QUALCOMM by 9.1% during the second quarter. Brown Brothers Harriman & Co. now owns 26,153 shares of the wireless technology company’s stock worth $5,209,000 after acquiring an additional 2,190 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in QUALCOMM by 1,778.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,219,303 shares of the wireless technology company’s stock worth $641,221,000 after purchasing an additional 3,047,947 shares in the last quarter. Quantbot Technologies LP purchased a new position in QUALCOMM in the second quarter valued at approximately $2,995,000. WealthPLAN Partners LLC lifted its position in QUALCOMM by 21.4% during the second quarter. WealthPLAN Partners LLC now owns 1,634 shares of the wireless technology company’s stock valued at $325,000 after buying an additional 288 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. purchased a new stake in QUALCOMM during the second quarter worth approximately $548,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the sale, the insider now directly owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were 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 of the company’s stock, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 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.

Analyst Ratings Changes

QCOM has been the topic of several recent research reports. Morgan Stanley reduced their target price on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Evercore ISI boosted their price objective on QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Wednesday, November 20th. Benchmark reissued a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. Finally, Citigroup decreased their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

Get Our Latest Research Report on QUALCOMM

QUALCOMM Trading Up 1.5 %

QUALCOMM stock opened at $159.53 on Wednesday. The firm has a 50-day moving average price of $159.38 and a two-hundred day moving average price of $169.37. QUALCOMM Incorporated has a 52-week low of $137.35 and a 52-week high of $230.63. The firm has a market capitalization of $177.24 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.65 and a beta of 1.25. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOMGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. Sell-side analysts expect that QUALCOMM Incorporated will post 9.09 earnings per share for the current year.

About QUALCOMM

(Free Report)

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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