Brookstone Capital Management Has $3.33 Million Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Brookstone Capital Management cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,665 shares of the wireless technology company's stock after selling 7,483 shares during the period. Brookstone Capital Management's holdings in QUALCOMM were worth $3,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HWG Holdings LP acquired a new stake in QUALCOMM during the second quarter worth about $30,000. Reston Wealth Management LLC bought a new stake in shares of QUALCOMM in the 3rd quarter worth approximately $26,000. Planning Capital Management Corp grew its holdings in shares of QUALCOMM by 137.3% during the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after purchasing an additional 114 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of QUALCOMM during the 2nd quarter worth approximately $42,000. Finally, Accordant Advisory Group Inc bought a new stake in shares of QUALCOMM during the third quarter valued at approximately $36,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $159.53 on Wednesday. The stock has a market cap of $177.24 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.65 and a beta of 1.25. The stock has a 50-day moving average of $159.38 and a 200-day moving average of $169.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. QUALCOMM Incorporated has a one year low of $137.35 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. As a group, sell-side analysts expect that QUALCOMM Incorporated will post 9.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on QCOM shares. Susquehanna decreased their price target on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating on the stock in a research note on Wednesday, November 20th. Mizuho decreased their target price on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Sanford C. Bernstein increased their price target on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Benchmark restated a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research note on Thursday, November 7th. Finally, StockNews.com lowered QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, QUALCOMM has an average rating of "Moderate Buy" and an average price target of $207.11.

Insider Buying and Selling

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares of the company's stock, valued at $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,882 shares of company stock valued at $4,314,649. 0.08% of the stock is owned by company insiders.

QUALCOMM Company 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.