Guggenheim Capital LLC Buys 16,735 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Guggenheim Capital LLC lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 825,160 shares of the wireless technology company's stock after purchasing an additional 16,735 shares during the period. QUALCOMM accounts for 1.0% of Guggenheim Capital LLC's portfolio, making the stock its 11th largest holding. Guggenheim Capital LLC owned 0.07% of QUALCOMM worth $126,761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Te Ahumairangi Investment Management Ltd lifted its position in QUALCOMM by 60.9% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,551 shares of the wireless technology company's stock worth $6,349,000 after acquiring an additional 14,213 shares during the last quarter. Anchor Investment Management LLC increased its stake in shares of QUALCOMM by 2.2% during the third quarter. Anchor Investment Management LLC now owns 34,700 shares of the wireless technology company's stock worth $5,901,000 after purchasing an additional 747 shares during the period. World Investment Advisors LLC lifted its holdings in QUALCOMM by 304.0% during the 3rd quarter. World Investment Advisors LLC now owns 45,166 shares of the wireless technology company's stock worth $7,680,000 after purchasing an additional 33,985 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in QUALCOMM by 620.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 55,668 shares of the wireless technology company's stock worth $9,466,000 after buying an additional 47,945 shares during the period. Finally, Optimist Retirement Group LLC lifted its holdings in shares of QUALCOMM by 4.1% during the third quarter. Optimist Retirement Group LLC now owns 13,579 shares of the wireless technology company's stock worth $2,309,000 after buying an additional 531 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Trading Up 0.6 %

Shares of QCOM traded up $0.80 during mid-day trading on Friday, reaching $136.54. 7,093,008 shares of the company were exchanged, compared to its average volume of 8,883,461. The business has a 50 day simple moving average of $153.10 and a two-hundred day simple moving average of $160.40. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $230.63. The stock has a market capitalization of $151.01 billion, a PE ratio of 14.59, a PEG ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS 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, analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now directly owns 461 shares of the company's stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 269 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $131.10, for a total transaction of $35,265.90. Following the transaction, the chief financial officer now owns 57,728 shares in the company, valued at approximately $7,568,140.80. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,666 shares of company stock valued at $5,047,052. Company insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on QCOM. Citigroup lowered their price target 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. StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Piper Sandler cut their price target on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Rosenblatt Securities restated a "buy" rating and set a $250.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Finally, Barclays cut their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $201.21.

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.