QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 81.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,930 shares of the wireless technology company's stock after selling 461,512 shares during the quarter. Brown Advisory Inc.'s holdings in QUALCOMM were worth $15,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new stake in QUALCOMM in the fourth quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 70 shares during the last quarter. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM during the 1st quarter worth about $27,000. Sunbeam Capital Management LLC purchased a new stake in QUALCOMM during the fourth quarter worth approximately $29,000. Finally, Mascagni Wealth Management Inc. acquired a new position in QUALCOMM in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Price Performance

NASDAQ:QCOM traded down $1.63 during trading hours on Friday, hitting $157.46. The company's stock had a trading volume of 5,902,831 shares, compared to its average volume of 8,528,385. The company has a market capitalization of $172.89 billion, a PE ratio of 16.92, a PEG ratio of 2.05 and a beta of 1.26. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $211.09. The business's 50-day moving average is $152.48 and its two-hundred day moving average is $155.07. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.73.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.82 by $0.03. The business had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a net margin of 26.11% and a return on equity of 40.11%. The business's revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.44 EPS. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on QCOM. Seaport Res Ptn raised shares of QUALCOMM to a "hold" rating in a report on Friday, May 9th. TD Cowen dropped their target price on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research report on Thursday, May 1st. Susquehanna decreased their price objective on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $150.00 target price on shares of QUALCOMM in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $186.39.

Insider Transactions at QUALCOMM

In other news, major shareholder Inc/De Qualcomm sold 412,500 shares of QUALCOMM stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $6,600,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $137.74, for a total transaction of $220,384.00. Following the completion of the sale, the insider directly owned 22,793 shares in the company, valued at approximately $3,139,507.82. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 424,099 shares of company stock valued at $8,310,735 in the last quarter. 0.08% of the stock is currently owned by corporate 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.