QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,789 shares of the wireless technology company’s stock after selling 656 shares during the quarter. QUALCOMM makes up about 1.5% of Jacobs & Co. CA’s holdings, making the stock its 16th biggest position. Jacobs & Co. CA’s holdings in QUALCOMM were worth $15,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MGO One Seven LLC grew its stake in shares of QUALCOMM by 4.8% in the 2nd quarter. MGO One Seven LLC now owns 13,059 shares of the wireless technology company’s stock valued at $2,601,000 after purchasing an additional 604 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in QUALCOMM in the 2nd quarter valued at $438,000. LPL Financial LLC raised its position in QUALCOMM by 10.4% during the 2nd quarter. LPL Financial LLC now owns 1,163,321 shares of the wireless technology company’s stock worth $231,710,000 after buying an additional 109,549 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of QUALCOMM by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 1,053,067 shares of the wireless technology company’s stock worth $209,750,000 after acquiring an additional 28,327 shares during the period. Finally, Montis Financial LLC purchased a new stake in shares of QUALCOMM in the second quarter valued at about $229,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on QCOM shares. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company increased their target price on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. KeyCorp downgraded QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Benchmark reissued a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a report on Thursday, November 7th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and an average target price of $207.11.

QUALCOMM Stock Down 1.3 %

Shares of QCOM stock traded down $2.13 on Friday, hitting $156.95. The stock had a trading volume of 3,195,657 shares, compared to its average volume of 6,493,490. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The stock’s 50 day moving average is $159.84 and its 200-day moving average is $170.64. The firm has a market capitalization of $174.37 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 2.65 and a beta of 1.25. QUALCOMM Incorporated has a 52-week low of $136.03 and a 52-week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating 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 expect that QUALCOMM Incorporated will post 9.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction of $484,620.00. Following the transaction, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. This trade represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock valued at $4,314,649 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

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.