Stonehage Fleming Financial Services Holdings Ltd Boosts Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Stonehage Fleming Financial Services Holdings Ltd increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 1,346.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,880 shares of the wireless technology company’s stock after purchasing an additional 1,750 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in QUALCOMM were worth $209,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Investment Management Associates Inc. ADV increased its position in QUALCOMM by 5.7% during the third quarter. Investment Management Associates Inc. ADV now owns 75,698 shares of the wireless technology company’s stock worth $8,407,000 after buying an additional 4,051 shares during the period. Daiwa Securities Group Inc. increased its position in QUALCOMM by 14.4% during the third quarter. Daiwa Securities Group Inc. now owns 170,805 shares of the wireless technology company’s stock worth $19,036,000 after buying an additional 21,435 shares during the period. AIA Group Ltd acquired a new position in QUALCOMM during the third quarter worth approximately $612,000. Paulson Wealth Management Inc. increased its position in QUALCOMM by 42.0% during the third quarter. Paulson Wealth Management Inc. now owns 4,113 shares of the wireless technology company’s stock worth $457,000 after buying an additional 1,216 shares during the period. Finally, Kinsale Capital Group Inc. increased its position in QUALCOMM by 23.0% during the third quarter. Kinsale Capital Group Inc. now owns 11,557 shares of the wireless technology company’s stock worth $1,283,000 after buying an additional 2,160 shares during the period. Hedge funds and other institutional investors own 71.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com raised QUALCOMM from a “hold” rating to a “buy” rating in a research report on Thursday, October 12th. Susquehanna boosted their price objective on shares of QUALCOMM from $130.00 to $140.00 and gave the company a “positive” rating in a research note on Thursday, November 2nd. KeyCorp raised their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock an “overweight” rating in a research note on Tuesday. DZ Bank upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Friday, November 3rd. Finally, Morgan Stanley cut shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $119.00 to $132.00 in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.65.

View Our Latest Research Report on QCOM

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $139.32 on Thursday. The company has a market cap of $155.06 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $146.89. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.33 and a quick ratio of 1.67. The company has a 50-day simple moving average of $135.32 and a 200-day simple moving average of $121.90.

QUALCOMM (NASDAQ:QCOMGet Free Report) last released its earnings results on Wednesday, November 1st. The wireless technology company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.14. QUALCOMM had a net margin of 20.19% and a return on equity of 37.85%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. On average, equities analysts anticipate that QUALCOMM Incorporated will post 7.25 earnings per share for the current year.

Insider Activity at QUALCOMM

In related news, insider James J. Cathey sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $139.00, for a total value of $139,000.00. Following the completion of the sale, the insider now directly owns 4,972 shares in the company, valued at $691,108. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider James J. Cathey sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $139.00, for a total value of $139,000.00. Following the completion of the sale, the insider now directly owns 4,972 shares in the company, valued at $691,108. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Neil Martin sold 3,098 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $402,740.00. Following the completion of the sale, the chief accounting officer now owns 247 shares of the company’s stock, valued at $32,110. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,098 shares of company stock worth $1,866,840. 0.07% of the stock is owned by company insiders.

About QUALCOMM

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.