Natural Investments LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 47.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,368 shares of the wireless technology company’s stock after selling 1,231 shares during the quarter. Natural Investments LLC’s holdings in QUALCOMM were worth $217,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC grew its stake in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 93 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in shares of QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 70 shares during the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM in the second quarter worth $32,000. Atticus Wealth Management LLC grew its stake in shares of QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 212 shares during the last quarter. Finally, Abound Financial LLC bought a new stake in shares of QUALCOMM in the first quarter worth $39,000. Institutional investors own 74.35% of the company’s stock.
QUALCOMM Price Performance
QCOM stock opened at $153.64 on Friday. The stock has a market capitalization of $165.77 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The company’s 50-day moving average is $160.39 and its 200-day moving average is $153.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10.
Insider Activity at QUALCOMM
In related news, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the sale, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. This represents a 40.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
QCOM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Mizuho cut their price target on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QUALCOMM in a research report on Wednesday. Finally, Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.82.
Check Out Our Latest Report on QCOM
About QUALCOMM
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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