QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. raised its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,921 shares of the wireless technology company's stock after purchasing an additional 2,019 shares during the quarter. Richard C. Young & CO. LTD.'s holdings in QUALCOMM were worth $4,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of QCOM. Brighton Jones LLC increased its stake in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after buying an additional 9,343 shares during the period. Revolve Wealth Partners LLC grew its position in shares of QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after buying an additional 340 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of QUALCOMM by 50.1% in the 4th quarter. Proficio Capital Partners LLC now owns 4,199 shares of the wireless technology company's stock valued at $645,000 after buying an additional 1,401 shares during the last quarter. Harbour Investments Inc. grew its position in QUALCOMM by 10.6% during the 4th quarter. Harbour Investments Inc. now owns 9,325 shares of the wireless technology company's stock worth $1,432,000 after purchasing an additional 894 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its position in QUALCOMM by 12.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 33,716 shares of the wireless technology company's stock worth $5,180,000 after purchasing an additional 3,626 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on QCOM shares. Loop Capital reduced their target price on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Cantor Fitzgerald restated a "neutral" rating and set a $150.00 target price on shares of QUALCOMM in a research report on Thursday, May 1st. TD Cowen reduced their price target on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Seaport Res Ptn raised shares of QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Finally, Benchmark reduced their price objective on shares of QUALCOMM from $240.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $186.61.

QUALCOMM Trading Down 0.9%

QCOM stock traded down $1.46 on Thursday, hitting $152.61. 7,015,168 shares of the company were exchanged, compared to its average volume of 8,493,011. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $196.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.73 and a quick ratio of 2.08. The business's fifty day moving average is $153.60 and its two-hundred day moving average is $154.97. The stock has a market capitalization of $167.57 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.99 and a beta of 1.26.

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

Insider Buying and Selling

In other QUALCOMM news, major shareholder Inc/De Qualcomm sold 412,500 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction 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 directly owned 46,446 shares of the company's stock, valued at approximately $7,490,810.88. This represents a 6.70% 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. Company insiders own 0.08% of the company's stock.

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.