QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Woodward Diversified Capital LLC

Woodward Diversified Capital LLC grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 12.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,596 shares of the wireless technology company’s stock after buying an additional 297 shares during the period. Woodward Diversified Capital LLC’s holdings in QUALCOMM were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM in the 1st quarter valued at about $27,000. Banque Transatlantique SA acquired a new stake in shares of QUALCOMM in the 4th quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC raised its stake in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 70 shares during the last quarter. Sunbeam Capital Management LLC purchased a new stake in QUALCOMM during the 4th quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in QUALCOMM during the 4th quarter valued at approximately $30,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $154.07 on Thursday. The business’s fifty day moving average price is $153.60 and its two-hundred day moving average price is $154.97. The stock has a market cap of $169.17 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.99 and a beta of 1.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.73. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $200.00.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.03. The firm had revenue of $10.98 billion for the quarter, compared to analysts’ expectations of $10.58 billion. QUALCOMM had a return on equity of 40.11% and a net margin of 26.11%. QUALCOMM’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.44 EPS. On average, analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on QCOM. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $185.00 price objective on shares of QUALCOMM in a research note on Tuesday, April 29th. Susquehanna reduced their price objective on QUALCOMM from $210.00 to $190.00 and set a “positive” rating for the company in a research note on Thursday, May 1st. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a research note on Thursday, May 1st. Citigroup increased their target price on QUALCOMM from $145.00 to $170.00 and gave the stock a “neutral” rating in a research note on Monday, July 7th. Finally, Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $186.39.

Insider Buying and Selling at QUALCOMM

In related news, major shareholder Inc/De Qualcomm sold 412,500 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $6,600,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $137.74, for a total value of $220,384.00. Following the completion of the transaction, the insider directly owned 22,793 shares in the company, valued at $3,139,507.82. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 424,099 shares of company stock worth $8,310,735. 0.08% of the stock is owned by insiders.

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.