Radnor Capital Management LLC Sells 100 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)


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Radnor Capital Management LLC cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 27,862 shares of the wireless technology company’s stock after selling 100 shares during the period. QUALCOMM makes up 1.2% of Radnor Capital Management LLC’s holdings, making the stock its 16th largest holding. Radnor Capital Management LLC’s holdings in QUALCOMM were worth $4,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in QCOM. Eastern Bank bought a new position in shares of QUALCOMM during the second quarter worth approximately $226,000. PNC Financial Services Group Inc. increased its holdings in shares of QUALCOMM by 2.2% during the second quarter. PNC Financial Services Group Inc. now owns 1,027,100 shares of the wireless technology company’s stock worth $93,683,000 after purchasing an additional 22,098 shares during the period. Equitable Trust Co. increased its holdings in shares of QUALCOMM by 3.9% during the second quarter. Equitable Trust Co. now owns 3,486 shares of the wireless technology company’s stock worth $318,000 after purchasing an additional 130 shares during the period. FormulaFolio Investments LLC increased its holdings in shares of QUALCOMM by 53.4% during the second quarter. FormulaFolio Investments LLC now owns 4,720 shares of the wireless technology company’s stock worth $431,000 after purchasing an additional 1,643 shares during the period. Finally, Gamble Jones Investment Counsel bought a new position in shares of QUALCOMM during the second quarter worth approximately $247,000. 74.79% of the stock is currently owned by institutional investors.

In related news, EVP Alexander H. Rogers sold 35,102 shares of the business’s stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $157.17, for a total value of $5,516,981.34. Following the transaction, the executive vice president now owns 64,365 shares in the company, valued at $10,116,247.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Erin L. Polek sold 3,455 shares of the business’s stock in a transaction on Monday, November 23rd. The shares were sold at an average price of $142.48, for a total transaction of $492,268.40. Following the completion of the transaction, the chief accounting officer now owns 2,738 shares in the company, valued at approximately $390,110.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,909 shares of company stock worth $20,502,275. 0.12% of the stock is owned by company insiders.

Shares of NASDAQ:QCOM traded up $3.19 during mid-day trading on Wednesday, reaching $157.64. 260,749 shares of the company’s stock were exchanged, compared to its average volume of 7,109,344. The firm has a market capitalization of $178.29 billion, a price-to-earnings ratio of 66.53, a PEG ratio of 0.89 and a beta of 1.34. The business’s fifty day moving average price is $150.19 and its 200-day moving average price is $123.73. The company has a debt-to-equity ratio of 4.67, a quick ratio of 1.67 and a current ratio of 1.97. QUALCOMM Incorporated has a twelve month low of $58.00 and a twelve month high of $161.07.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 4th. The wireless technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.28. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $5.94 billion. QUALCOMM had a net margin of 13.72% and a return on equity of 78.39%. QUALCOMM’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. Analysts predict that QUALCOMM Incorporated will post 3.2 EPS for the current fiscal year.

A number of research analysts recently issued reports on the stock. Cascend Securities lifted their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Citigroup lifted their price objective on shares of QUALCOMM from $108.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Rosenblatt Securities lifted their price objective on shares of QUALCOMM from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Bank of America lifted their price objective on shares of QUALCOMM from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Finally, Robert W. Baird assumed coverage on shares of QUALCOMM in a research note on Tuesday, December 22nd. They issued an “outperform” rating and a $200.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $146.85.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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