Smith Anglin Financial LLC Purchases 157 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Smith Anglin Financial LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,279 shares of the wireless technology company’s stock after buying an additional 157 shares during the quarter. Smith Anglin Financial LLC’s holdings in QUALCOMM were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Apella Capital LLC boosted its position in QUALCOMM by 3.6% during the fourth quarter. Apella Capital LLC now owns 5,357 shares of the wireless technology company’s stock worth $823,000 after purchasing an additional 186 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of QUALCOMM by 18.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,569 shares of the wireless technology company’s stock worth $1,471,000 after buying an additional 1,471 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of QUALCOMM by 4.5% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 1,916 shares of the wireless technology company’s stock worth $294,000 after buying an additional 82 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of QUALCOMM by 11.6% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 16,948 shares of the wireless technology company’s stock worth $2,603,000 after buying an additional 1,756 shares in the last quarter. Finally, Community Trust & Investment Co. lifted its holdings in shares of QUALCOMM by 4.2% during the fourth quarter. Community Trust & Investment Co. now owns 18,367 shares of the wireless technology company’s stock worth $2,822,000 after buying an additional 745 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $163.32 on Wednesday. The business’s 50 day simple moving average is $159.38 and its 200 day simple moving average is $169.37. QUALCOMM Incorporated has a one year low of $137.35 and a one year high of $230.63. The stock has a market capitalization of $181.45 billion, a PE ratio of 18.17, a PEG ratio of 2.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. As a group, research analysts forecast that QUALCOMM Incorporated will post 9.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on QCOM shares. UBS Group lifted their target price on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research note on Wednesday, November 20th. KeyCorp downgraded QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley dropped their price target on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.11.

Insider Activity at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the transaction, the general counsel now owns 12,007 shares in the company, valued at $1,981,875.42. This represents a 13.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. The trade was a 93.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 26,882 shares of company stock valued at $4,314,649. 0.08% of the stock is owned by insiders.

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.