QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. lowered its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 227,383 shares of the wireless technology company’s stock after selling 3,088 shares during the period. QUALCOMM makes up about 4.0% of Telos Capital Management Inc.’s holdings, making the stock its 2nd biggest position. Telos Capital Management Inc.’s holdings in QUALCOMM were worth $32,886,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Rheos Capital Works Inc. grew its stake in QUALCOMM by 36.8% in the third quarter. Rheos Capital Works Inc. now owns 157,900 shares of the wireless technology company’s stock valued at $17,536,000 after acquiring an additional 42,500 shares during the period. Peoples Bank OH acquired a new stake in QUALCOMM in the fourth quarter valued at approximately $219,000. HF Advisory Group LLC purchased a new position in shares of QUALCOMM during the third quarter valued at approximately $629,000. Bank Hapoalim BM boosted its position in shares of QUALCOMM by 35.0% during the fourth quarter. Bank Hapoalim BM now owns 35,423 shares of the wireless technology company’s stock valued at $5,123,000 after buying an additional 9,192 shares during the last quarter. Finally, DnB Asset Management AS boosted its position in shares of QUALCOMM by 31.1% during the third quarter. DnB Asset Management AS now owns 908,457 shares of the wireless technology company’s stock valued at $100,893,000 after buying an additional 215,522 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $173.49, for a total value of $520,470.00. Following the completion of the transaction, the chief financial officer now directly owns 69,343 shares in the company, valued at approximately $12,030,317.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $149.50, for a total value of $1,210,950.00. Following the completion of the sale, the chief executive officer now owns 32,400 shares of the company’s stock, valued at approximately $4,843,800. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $173.49, for a total value of $520,470.00. Following the completion of the sale, the chief financial officer now directly owns 69,343 shares of the company’s stock, valued at approximately $12,030,317.07. The disclosure for this sale can be found here. Insiders sold a total of 44,360 shares of company stock worth $7,184,678 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Price Performance

QUALCOMM stock traded down $3.65 during midday trading on Wednesday, hitting $164.93. 3,870,265 shares of the company’s stock were exchanged, compared to its average volume of 8,548,497. QUALCOMM Incorporated has a 52-week low of $101.47 and a 52-week high of $177.59. The stock has a 50-day moving average price of $164.11 and a two-hundred day moving average price of $142.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56. The company has a market cap of $184.06 billion, a P/E ratio of 24.24, a PEG ratio of 2.32 and a beta of 1.41.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.90 by $0.43. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.50 billion. On average, equities research analysts forecast that QUALCOMM Incorporated will post 7.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays lifted their target price on QUALCOMM from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. cut their target price on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Mizuho lifted their target price on QUALCOMM from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. Finally, Citigroup lowered QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.90.

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.