QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Trimmed by Optivise Advisory Services LLC

Optivise Advisory Services LLC lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,001 shares of the wireless technology company’s stock after selling 133 shares during the quarter. Optivise Advisory Services LLC’s holdings in QUALCOMM were worth $308,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Te Ahumairangi Investment Management Ltd grew its holdings in shares of QUALCOMM by 60.9% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,551 shares of the wireless technology company’s stock valued at $6,349,000 after purchasing an additional 14,213 shares during the last quarter. Anchor Investment Management LLC boosted its position in QUALCOMM by 2.2% during the 3rd quarter. Anchor Investment Management LLC now owns 34,700 shares of the wireless technology company’s stock valued at $5,901,000 after purchasing an additional 747 shares during the period. World Investment Advisors LLC grew its stake in QUALCOMM by 304.0% during the 3rd quarter. World Investment Advisors LLC now owns 45,166 shares of the wireless technology company’s stock worth $7,680,000 after buying an additional 33,985 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in QUALCOMM by 620.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 55,668 shares of the wireless technology company’s stock worth $9,466,000 after buying an additional 47,945 shares during the period. Finally, Optimist Retirement Group LLC lifted its stake in QUALCOMM by 4.1% in the third quarter. Optimist Retirement Group LLC now owns 13,579 shares of the wireless technology company’s stock valued at $2,309,000 after buying an additional 531 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

QUALCOMM stock opened at $136.54 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The company has a market cap of $151.01 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $230.63. The firm’s 50 day simple moving average is $153.10 and its 200-day simple moving average is $160.28.

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

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 269 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $131.10, for a total value of $35,265.90. Following the completion of the sale, the chief financial officer now directly owns 57,728 shares of the company’s stock, valued at $7,568,140.80. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander H. Rogers sold 19,287 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the transaction, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,666 shares of company stock valued at $5,047,052. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on QCOM. Citigroup reduced their target price on shares of QUALCOMM from $185.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Evercore ISI lowered their target price on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Barclays reduced their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Mizuho lowered their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, QUALCOMM has a consensus rating of “Hold” and a consensus price target of $201.21.

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.