QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC grew its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,729 shares of the wireless technology company's stock after purchasing an additional 4,212 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in QUALCOMM were worth $10,557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Counselors Inc. lifted its stake in shares of QUALCOMM by 6.1% during the first quarter. Financial Counselors Inc. now owns 211,168 shares of the wireless technology company's stock worth $32,438,000 after buying an additional 12,229 shares during the period. Byrne Financial Freedom LLC lifted its stake in shares of QUALCOMM by 49.1% during the first quarter. Byrne Financial Freedom LLC now owns 7,387 shares of the wireless technology company's stock worth $1,135,000 after buying an additional 2,432 shares during the period. YANKCOM Partnership lifted its stake in shares of QUALCOMM by 10.8% during the first quarter. YANKCOM Partnership now owns 6,917 shares of the wireless technology company's stock worth $1,063,000 after buying an additional 676 shares during the period. Callan Capital LLC lifted its stake in shares of QUALCOMM by 10.8% during the first quarter. Callan Capital LLC now owns 3,160 shares of the wireless technology company's stock worth $485,000 after buying an additional 309 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in shares of QUALCOMM by 6.1% during the first quarter. TD Private Client Wealth LLC now owns 7,399 shares of the wireless technology company's stock worth $1,137,000 after buying an additional 428 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 46,446 shares of the company's stock, valued at $7,490,810.88. This represents a 6.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last quarter, insiders sold 424,099 shares of company stock valued at $8,310,735. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Price Performance

NASDAQ QCOM traded down $0.26 during trading hours on Thursday, hitting $159.09. 5,671,152 shares of the company's stock traded hands, compared to its average volume of 8,525,681. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $211.09. The company has a market capitalization of $174.68 billion, a PE ratio of 16.20, a PEG ratio of 2.06 and a beta of 1.26. 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 firm's 50-day moving average is $152.00 and its 200-day moving average is $155.07.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (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 company had revenue of $10.98 billion during the quarter, compared to analysts' expectations of $10.58 billion. During the same quarter in the prior year, the company earned $2.44 EPS. QUALCOMM's revenue was up 17.0% compared to the same quarter last year. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $185.00 price objective on shares of QUALCOMM in a research note on Tuesday, April 29th. Susquehanna decreased 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. Wells Fargo & Company decreased their target price on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Robert W. Baird cut their price objective on shares of QUALCOMM from $250.00 to $216.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, QUALCOMM presently has an average rating of "Hold" and a consensus price target of $186.39.

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.