QUALCOMM Incorporated (NASDAQ:QCOM) Stake Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,225 shares of the wireless technology company's stock after buying an additional 6,607 shares during the quarter. QUALCOMM comprises approximately 1.0% of Crossmark Global Holdings Inc.'s investment portfolio, making the stock its 10th biggest position. Crossmark Global Holdings Inc.'s holdings in QUALCOMM were worth $58,714,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Banque Transatlantique SA acquired a new stake in QUALCOMM in the fourth quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 70 shares during the last quarter. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM in the 1st quarter valued at approximately $27,000. Sunbeam Capital Management LLC bought a new stake in shares of QUALCOMM during the 4th quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. acquired a new position in QUALCOMM during the 4th quarter worth approximately $30,000. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total transaction of $537,546.24. Following the transaction, the chief financial officer owned 46,446 shares of the company's stock, valued at $7,490,810.88. The trade was a 6.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the company's 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 disclosure for this sale can be found here. Insiders have sold 424,099 shares of company stock worth $8,310,735 in the last quarter. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup raised their target price on shares of QUALCOMM from $145.00 to $170.00 and gave the company a "neutral" rating in a research report on Monday. Seaport Res Ptn upgraded QUALCOMM to a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company dropped their target price on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. TD Cowen cut their price target on QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Susquehanna lowered their price objective on QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. One investment 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $186.39.

QUALCOMM Stock Down 0.2%

Shares of NASDAQ QCOM traded down $0.26 during trading on Thursday, hitting $159.09. 5,671,152 shares of the company traded hands, compared to its average volume of 8,525,681. The firm has a market capitalization of $174.68 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 2.06 and a beta of 1.26. The business's fifty day moving average is $152.00 and its 200 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 Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $211.09.

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

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.