Mariner LLC decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 490,154 shares of the wireless technology company's stock after selling 5,041 shares during the quarter. Mariner LLC's holdings in QUALCOMM were worth $75,298,000 at the end of the most recent reporting period.
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A number of other hedge funds and other institutional investors have also bought and sold shares of QCOM. Te Ahumairangi Investment Management Ltd increased its position in QUALCOMM by 60.9% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 37,551 shares of the wireless technology company's stock valued at $6,349,000 after acquiring an additional 14,213 shares during the period. Anchor Investment Management LLC increased its holdings in QUALCOMM by 2.2% in the third 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 raised its position 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 purchasing an additional 33,985 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in QUALCOMM by 620.8% during the 3rd 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 grew its position in shares of QUALCOMM by 4.1% in the 3rd 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 Price Performance
QCOM stock opened at $139.19 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The business has a 50-day simple moving average of $155.76 and a two-hundred day simple moving average of $161.16. The company has a market capitalization of $153.94 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $230.63.
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- Qualcomm Breaks Down But RSI Signals It’s Severely Oversold
QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly 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 return on equity of 39.51% and a net margin of 25.94%. Research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
QCOM has been the subject of a number of analyst reports. Cantor Fitzgerald restated a "neutral" rating and set a $160.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Evercore ISI lowered their price target on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. Mizuho reduced their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Piper Sandler cut their price target on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $201.21.
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Check Out Our Latest Stock Analysis on QUALCOMM
Insider Activity
In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the sale, the insider now directly owns 20,762 shares of the company's stock, valued at approximately $3,526,010.46. This represents a 48.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total transaction of $509,400.00. Following the transaction, the chief financial officer now directly owns 63,115 shares in the company, valued at approximately $10,716,927. This represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,666 shares of company stock worth $5,047,052 over the last quarter. Insiders own 0.08% of the company's stock.
QUALCOMM Company Profile
(Free Report)
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.
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