Operose Advisors LLC Has $320,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Operose Advisors LLC lessened its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 15.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,083 shares of the wireless technology company’s stock after selling 377 shares during the period. Operose Advisors LLC’s holdings in QUALCOMM were worth $320,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in QCOM. Jump Financial LLC grew its position in shares of QUALCOMM by 0.8% during the 4th quarter. Jump Financial LLC now owns 73,423 shares of the wireless technology company’s stock worth $11,279,000 after buying an additional 571 shares during the period. Anchor Investment Management LLC grew its stake in shares of QUALCOMM by 2.1% during the fourth quarter. Anchor Investment Management LLC now owns 35,431 shares of the wireless technology company’s stock worth $5,443,000 after purchasing an additional 731 shares during the period. CacheTech Inc. increased its holdings in QUALCOMM by 18.2% in the fourth quarter. CacheTech Inc. now owns 6,198 shares of the wireless technology company’s stock valued at $952,000 after purchasing an additional 953 shares during the last quarter. Bridgewater Associates LP lifted its stake in QUALCOMM by 13.0% in the fourth quarter. Bridgewater Associates LP now owns 900,629 shares of the wireless technology company’s stock valued at $138,355,000 after buying an additional 103,632 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in QUALCOMM by 2.1% during the fourth quarter. Guggenheim Capital LLC now owns 825,160 shares of the wireless technology company’s stock worth $126,761,000 after buying an additional 16,735 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

QCOM opened at $139.19 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $155.76 and a two-hundred day simple moving average of $161.16. The company has a market cap of $153.94 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

QCOM has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. TD Cowen dropped their price objective on QUALCOMM from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Piper Sandler decreased their target price on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. Finally, Benchmark reiterated a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $201.21.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the transaction, the chief accounting officer now owns 461 shares in the company, valued at $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the transaction, the insider now owns 24,393 shares of the company’s stock, valued at approximately $3,762,376.32. This trade represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,666 shares of company stock worth $5,047,052. 0.08% of the stock is owned by company insiders.

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.