QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Lbp Am Sa

LBP AM SA boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 161.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 164,807 shares of the wireless technology company's stock after purchasing an additional 101,691 shares during the period. LBP AM SA's holdings in QUALCOMM were worth $25,316,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of QCOM. Brighton Jones LLC boosted its holdings in shares of QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after buying an additional 340 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in QUALCOMM by 50.1% during the fourth quarter. Proficio Capital Partners LLC now owns 4,199 shares of the wireless technology company's stock worth $645,000 after buying an additional 1,401 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in QUALCOMM by 1.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 32,025 shares of the wireless technology company's stock worth $4,920,000 after buying an additional 361 shares in the last quarter. Finally, Independent Advisor Alliance boosted its holdings in QUALCOMM by 7.1% during the fourth quarter. Independent Advisor Alliance now owns 45,471 shares of the wireless technology company's stock worth $6,985,000 after buying an additional 3,000 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on QCOM. JPMorgan Chase & Co. reissued an "overweight" rating and set a $185.00 price objective on shares of QUALCOMM in a report on Tuesday, April 29th. Benchmark decreased their price objective on shares of QUALCOMM from $240.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Cantor Fitzgerald reissued a "neutral" rating and set a $150.00 price objective on shares of QUALCOMM in a report on Thursday, May 1st. Susquehanna cut their target price on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. Finally, Rosenblatt Securities restated a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $188.00.

QUALCOMM Trading Down 0.1%

QCOM traded down $0.10 during trading on Wednesday, hitting $159.35. 4,187,668 shares of the company's stock were exchanged, compared to its average volume of 8,523,944. The company has a current ratio of 2.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.48. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $211.09. The stock has a 50 day moving average price of $151.78 and a 200 day moving average price of $155.04. The firm has a market cap of $174.97 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 2.04 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 earnings per share. As a group, analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $161.28, for a total value of $537,546.24. Following the completion of the transaction, the chief financial officer directly owned 46,446 shares in the company, valued at approximately $7,490,810.88. This represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on 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 transaction, the insider owned 22,793 shares of the company's stock, valued at $3,139,507.82. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 424,099 shares of company stock worth $8,310,735. 0.08% of the stock is currently owned by company insiders.

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.