QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Increased by Meitav Investment House Ltd.

Meitav Investment House Ltd. boosted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 56.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,992 shares of the wireless technology company's stock after buying an additional 9,012 shares during the period. Meitav Investment House Ltd.'s holdings in QUALCOMM were worth $3,619,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc grew its stake in shares of QUALCOMM by 6.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,110 shares of the wireless technology company's stock worth $161,000 after acquiring an additional 68 shares in the last quarter. Chilton Capital Management LLC grew its stake in shares of QUALCOMM by 1.9% in the fourth quarter. Chilton Capital Management LLC now owns 3,763 shares of the wireless technology company's stock worth $544,000 after acquiring an additional 70 shares in the last quarter. Means Investment CO. Inc. grew its stake in shares of QUALCOMM by 1.2% in the fourth quarter. Means Investment CO. Inc. now owns 5,793 shares of the wireless technology company's stock worth $838,000 after acquiring an additional 71 shares in the last quarter. Certified Advisory Corp grew its stake in shares of QUALCOMM by 0.7% in the first quarter. Certified Advisory Corp now owns 11,582 shares of the wireless technology company's stock worth $1,770,000 after acquiring an additional 79 shares in the last quarter. Finally, Source Financial Advisors LLC grew its stake in shares of QUALCOMM by 2.2% in the fourth quarter. Source Financial Advisors LLC now owns 3,903 shares of the wireless technology company's stock worth $564,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In other news, CEO Cristiano R. Amon sold 8,100 shares of the firm's stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the completion of the transaction, the chief executive officer now directly owns 32,400 shares of the company's stock, valued at approximately $4,843,800. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Cristiano R. Amon sold 8,100 shares of the firm's stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the completion of the transaction, the chief executive officer now directly owns 32,400 shares of the company's stock, valued at approximately $4,843,800. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total transaction of $520,470.00. Following the transaction, the chief financial officer now directly owns 69,343 shares of the company's stock, valued at $12,030,317.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,360 shares of company stock valued at $7,184,678. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several recent analyst reports. KeyCorp lifted their price objective on shares of QUALCOMM from $180.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday. Cantor Fitzgerald lifted their price objective on shares of QUALCOMM from $150.00 to $190.00 and gave the stock a "neutral" rating in a research report on Monday. Canaccord Genuity Group lifted their price objective on shares of QUALCOMM from $152.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, January 19th. Susquehanna lifted their price objective on shares of QUALCOMM from $175.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of QUALCOMM from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average price target of $154.90.

QUALCOMM Stock Performance

Shares of QCOM traded down $3.84 during mid-day trading on Friday, hitting $171.29. 8,212,272 shares of the company's stock were exchanged, compared to its average volume of 8,674,640. QUALCOMM Incorporated has a fifty-two week low of $101.47 and a fifty-two week high of $177.59. The firm has a market capitalization of $191.16 billion, a P/E ratio of 24.82, a P/E/G ratio of 2.34 and a beta of 1.41. The business's 50 day moving average is $163.10 and its two-hundred day moving average is $140.79. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.43. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. On average, equities analysts expect that QUALCOMM Incorporated will post 7.67 earnings per share for the current year.

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.