Lattice Capital Management LLC Has $1.30 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Lattice Capital Management LLC reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 48.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,478 shares of the wireless technology company's stock after selling 8,100 shares during the quarter. QUALCOMM comprises about 1.3% of Lattice Capital Management LLC's holdings, making the stock its 9th biggest holding. Lattice Capital Management LLC's holdings in QUALCOMM were worth $1,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QCOM. Eagle Strategies LLC grew its holdings in shares of QUALCOMM by 4.3% during the fourth quarter. Eagle Strategies LLC now owns 1,427 shares of the wireless technology company's stock valued at $219,000 after purchasing an additional 59 shares during the last quarter. Clark Capital Management Group Inc. increased its position in QUALCOMM by 3.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock worth $264,000 after buying an additional 59 shares during the period. PDS Planning Inc grew its position in shares of QUALCOMM by 1.6% during the fourth quarter. PDS Planning Inc now owns 4,110 shares of the wireless technology company's stock worth $631,000 after acquiring an additional 64 shares during the last quarter. Cassady Schiller Wealth Management LLC grew its position in shares of QUALCOMM by 15.8% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 477 shares of the wireless technology company's stock worth $73,000 after acquiring an additional 65 shares during the last quarter. Finally, Umpqua Bank grew its position in shares of QUALCOMM by 4.2% during the fourth quarter. Umpqua Bank now owns 1,653 shares of the wireless technology company's stock worth $264,000 after acquiring an additional 67 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Stock Down 0.7%

Shares of QCOM traded down $1.15 during mid-day trading on Friday, reaching $157.95. The company's stock had a trading volume of 3,547,249 shares, compared to its average volume of 8,447,675. The business has a fifty day moving average of $152.48 and a 200 day moving average of $155.07. The company has a market cap of $173.42 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 2.06 and a beta of 1.26. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $211.09. The company has a quick ratio of 2.08, a current ratio of 2.73 and a debt-to-equity ratio of 0.48.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, beating 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 business had revenue of $10.98 billion for the quarter, compared to analysts' expectations of $10.58 billion. During the same period in the previous year, the company posted $2.44 EPS. QUALCOMM's revenue was up 17.0% on a year-over-year basis. As a group, analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Inc/De Qualcomm sold 412,500 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $6,600,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $137.74, for a total value of $220,384.00. Following the sale, the insider directly owned 22,793 shares of the company's stock, valued at $3,139,507.82. The trade was a 6.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 424,099 shares of company stock worth $8,310,735. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on QCOM. Seaport Res Ptn raised shares of QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Citigroup lifted their target price on QUALCOMM from $145.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday. Robert W. Baird cut their target price on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Cantor Fitzgerald reissued a "neutral" rating and set a $150.00 price target on shares of QUALCOMM in a report on Thursday, May 1st. Finally, Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, QUALCOMM has an average rating of "Hold" and an average target price of $186.39.

About QUALCOMM

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.