Beck Mack & Oliver LLC Has $52.41 Million Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Beck Mack & Oliver LLC lessened its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 341,181 shares of the wireless technology company's stock after selling 3,940 shares during the period. QUALCOMM makes up 1.0% of Beck Mack & Oliver LLC's holdings, making the stock its 29th largest position. Beck Mack & Oliver LLC's holdings in QUALCOMM were worth $52,412,000 at the end of the most recent quarter.

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

QUALCOMM Stock Performance

Shares of QUALCOMM stock 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 stock has a market cap of $151.01 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. 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 Incorporated has a twelve month low of $120.80 and a twelve month high of $230.63. The business's 50 day moving average is $153.10 and its two-hundred day moving average is $160.28.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 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%. Analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Analyst Upgrades and Downgrades

QCOM has been the topic of several research analyst reports. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Cantor Fitzgerald restated a "neutral" rating and issued a $160.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. TD Cowen reduced their target price on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Evercore ISI dropped their price target on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $201.21.

Insider Activity at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 63,115 shares in the company, valued at approximately $10,716,927. This represents a 4.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander H. Rogers sold 19,287 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the transaction, the insider now owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,666 shares of company stock worth $5,047,052. Company insiders own 0.08% of the company's stock.

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.