Lecap Asset Management Ltd. Purchases Shares of 19,606 QUALCOMM Incorporated (NASDAQ:QCOM)

Lecap Asset Management Ltd. bought a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 19,606 shares of the wireless technology company's stock, valued at approximately $2,836,000. QUALCOMM comprises 1.0% of Lecap Asset Management Ltd.'s holdings, making the stock its 2nd biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. bought a new position in QUALCOMM during the 3rd quarter worth approximately $26,000. Financial Gravity Asset Management Inc. lifted its stake in QUALCOMM by 102.5% during the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 122 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in QUALCOMM in the first quarter worth $26,000. Pacifica Partners Inc. increased its stake in QUALCOMM by 150.0% during the third quarter. Pacifica Partners Inc. now owns 250 shares of the wireless technology company's stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Legacy Financial Group LLC acquired a new stake in shares of QUALCOMM during the third quarter worth $29,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on QCOM. Citigroup downgraded shares of QUALCOMM from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research report on Thursday, February 1st. TD Cowen raised their price target on QUALCOMM from $160.00 to $170.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. Susquehanna upped their price objective on QUALCOMM from $175.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday. Piper Sandler raised their target price on QUALCOMM from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. Finally, StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.90.

Insider Buying and Selling at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total value of $520,470.00. Following the transaction, the chief financial officer now directly owns 69,343 shares in the company, valued at approximately $12,030,317.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO James H. Thompson sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $159.39, for a total value of $1,275,120.00. Following the completion of the transaction, the chief technology officer now owns 269,893 shares of the company's stock, valued at approximately $43,018,245.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the sale, the chief financial officer now directly owns 69,343 shares in the company, valued at $12,030,317.07. The disclosure for this sale can be found here. In the last three months, insiders sold 44,360 shares of company stock valued at $7,184,678. 0.08% of the stock is owned by insiders.

QUALCOMM Price Performance

NASDAQ:QCOM traded down $3.84 during midday trading on Friday, hitting $171.29. 8,216,680 shares of the stock were exchanged, compared to its average volume of 6,572,647. The business has a 50-day moving average price of $163.10 and a two-hundred day moving average price of $141.00. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $191.16 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 2.39 and a beta of 1.41. QUALCOMM Incorporated has a one year low of $101.47 and a one year high of $177.59.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.43. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. Sell-side analysts predict that QUALCOMM Incorporated will post 7.67 EPS for the current year.

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.