First Trust Advisors LP Buys 97,343 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

First Trust Advisors LP increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,010,518 shares of the wireless technology company's stock after purchasing an additional 97,343 shares during the period. QUALCOMM makes up 0.5% of First Trust Advisors LP's holdings, making the stock its 22nd biggest holding. First Trust Advisors LP owned 0.36% of QUALCOMM worth $616,096,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in QUALCOMM in the fourth quarter valued at about $26,000. CKW Financial Group acquired a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $27,000. Centricity Wealth Management LLC acquired a new position in QUALCOMM during the 4th quarter worth approximately $29,000. CoreFirst Bank & Trust bought a new position in QUALCOMM in the 4th quarter valued at approximately $33,000. Finally, Synergy Asset Management LLC acquired a new stake in QUALCOMM in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insiders Place Their Bets

In related news, insider Alexander H. Rogers sold 19,287 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the transaction, the insider now directly owns 20,762 shares of the company's stock, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 744 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the sale, the chief accounting officer now owns 461 shares of the company's stock, valued at $80,596.63. This trade represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,666 shares of company stock valued at $5,047,052. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

QCOM has been the topic of several recent research reports. Evercore ISI cut their price objective on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Barclays lowered their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Citigroup cut their target price on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Benchmark reaffirmed a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $201.21.

QUALCOMM Stock Up 0.6 %

NASDAQ:QCOM traded up $0.80 on Friday, hitting $136.54. The stock had a trading volume of 7,093,008 shares, compared to its average volume of 8,877,869. The company has a market cap of $151.01 billion, a PE ratio of 14.59, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $230.63. The business's fifty day moving average is $153.10 and its 200 day moving average is $160.28. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM 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.