F M Investments LLC Boosts Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

F M Investments LLC lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 40.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,278 shares of the wireless technology company's stock after buying an additional 3,272 shares during the quarter. F M Investments LLC's holdings in QUALCOMM were worth $1,733,000 as of its most recent SEC filing.

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

QUALCOMM Trading Down 0.4 %

Shares of QCOM traded down $0.59 during trading on Tuesday, reaching $138.60. 4,286,367 shares of the company traded hands, compared to its average volume of 8,863,143. The stock has a 50-day simple moving average of $155.76 and a 200-day simple moving average of $161.16. The stock has a market cap of $153.29 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

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

Analyst Ratings Changes

QCOM has been the subject of a number of recent analyst reports. Citigroup cut their price objective on QUALCOMM from $185.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday. Cantor Fitzgerald restated a "neutral" rating and set a $160.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Evercore ISI cut their target price on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th. Piper Sandler decreased their price target on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Finally, Mizuho cut their price objective on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $201.21.

Insider Buying and Selling at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total transaction of $509,400.00. Following the transaction, the chief financial officer now owns 63,115 shares in the company, valued at $10,716,927. This trade represents a 4.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Neil Martin sold 744 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value 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 $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,666 shares of company stock valued at $5,047,052 in the last three months. 0.08% of the stock is owned by corporate insiders.

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.