QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Lipe & Dalton

Lipe & Dalton reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 11,496 shares of the wireless technology company’s stock after selling 99 shares during the quarter. Lipe & Dalton’s holdings in QUALCOMM were worth $1,663,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. Rheos Capital Works Inc. raised its position in shares of QUALCOMM by 36.8% during the 3rd quarter. Rheos Capital Works Inc. now owns 157,900 shares of the wireless technology company’s stock worth $17,536,000 after acquiring an additional 42,500 shares in the last quarter. Peoples Bank OH acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $219,000. HF Advisory Group LLC acquired a new stake in shares of QUALCOMM in the third quarter valued at about $629,000. Bank Hapoalim BM grew its stake in shares of QUALCOMM by 35.0% in 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 in the last quarter. Finally, DnB Asset Management AS grew its position in shares of QUALCOMM by 31.1% in the 3rd quarter. DnB Asset Management AS now owns 908,457 shares of the wireless technology company’s stock worth $100,893,000 after acquiring an additional 215,522 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’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 sale, 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 can be accessed through this link. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the sale, the chief financial officer now owns 69,343 shares of the company’s stock, valued at approximately $12,030,317.07. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the transaction, the chief executive officer now directly owns 32,400 shares in the company, valued at approximately $4,843,800. The disclosure for this sale can be found here. Insiders have sold 44,360 shares of company stock valued at $7,184,678 in the last 90 days. Company insiders own 0.08% of the company’s stock.

QUALCOMM Trading Down 0.7 %

NASDAQ:QCOM traded down $1.26 during trading hours on Tuesday, reaching $168.58. The company’s stock had a trading volume of 6,262,776 shares, compared to its average volume of 8,612,769. The firm has a 50-day simple moving average of $163.62 and a 200-day simple moving average of $141.64. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $177.59. The firm has a market capitalization of $188.14 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.34 and a beta of 1.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data 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. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. Research analysts expect that QUALCOMM Incorporated will post 7.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their price target on QUALCOMM from $152.00 to $175.00 and gave the company a “buy” rating in a report on Friday, January 19th. Cantor Fitzgerald boosted their price objective on QUALCOMM from $150.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 7th. Susquehanna upped their price objective on QUALCOMM from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, April 10th. Finally, Citigroup downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.