180 Wealth Advisors LLC Raises Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

180 Wealth Advisors LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,752 shares of the wireless technology company’s stock after purchasing an additional 1,589 shares during the quarter. 180 Wealth Advisors LLC’s holdings in QUALCOMM were worth $3,956,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Greenfield Savings Bank purchased a new position in QUALCOMM in the 4th quarter worth approximately $223,000. Grandview Asset Management LLC bought a new position in shares of QUALCOMM during the fourth quarter worth $385,000. FNY Investment Advisers LLC purchased a new position in QUALCOMM during the fourth quarter valued at $2,058,000. Miracle Mile Advisors LLC increased its holdings in QUALCOMM by 7.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 14,519 shares of the wireless technology company’s stock valued at $2,230,000 after acquiring an additional 959 shares during the last quarter. Finally, Sunflower Bank N.A. lifted its stake in QUALCOMM by 13.7% in the 4th quarter. Sunflower Bank N.A. now owns 1,897 shares of the wireless technology company’s stock worth $291,000 after purchasing an additional 229 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the transaction, the insider now directly owns 33,383 shares in the company, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock valued at $4,314,649 over the last quarter. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on QCOM shares. KeyCorp cut QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a report on Wednesday, November 20th. TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. Susquehanna decreased their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. Finally, UBS Group upped their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

QUALCOMM Trading Up 0.1 %

NASDAQ:QCOM opened at $157.13 on Tuesday. The firm has a 50-day simple moving average of $159.51 and a 200-day simple moving average of $169.65. QUALCOMM Incorporated has a one year low of $137.35 and a one year high of $230.63. The firm has a market cap of $174.57 billion, a P/E ratio of 17.48, a P/E/G ratio of 2.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. Equities analysts anticipate that QUALCOMM Incorporated will post 9.09 EPS for the current fiscal year.

QUALCOMM 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.