Radnor Capital Management LLC Has $3.93 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Radnor Capital Management LLC trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,559 shares of the wireless technology company's stock after selling 5,546 shares during the period. Radnor Capital Management LLC's holdings in QUALCOMM were worth $3,926,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in shares of QUALCOMM by 39.7% during the 4th quarter. Nordea Investment Management AB now owns 1,841,103 shares of the wireless technology company's stock valued at $284,708,000 after buying an additional 523,244 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of QUALCOMM during the fourth quarter worth $2,058,000. Wedge Capital Management L L P NC boosted its position in QUALCOMM by 17.1% during the third quarter. Wedge Capital Management L L P NC now owns 354,389 shares of the wireless technology company's stock valued at $60,264,000 after purchasing an additional 51,879 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in QUALCOMM by 123.2% in the third quarter. Icon Wealth Advisors LLC now owns 33,186 shares of the wireless technology company's stock valued at $5,643,000 after purchasing an additional 18,315 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in QUALCOMM by 39.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 176,817 shares of the wireless technology company's stock worth $30,068,000 after purchasing an additional 50,438 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QCOM has been the subject of several recent research reports. KeyCorp cut QUALCOMM from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 8th. Benchmark restated a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on QUALCOMM from $210.00 to $195.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Finally, Melius began coverage on QUALCOMM in a research note on Monday, December 9th. They set a "hold" rating and a $180.00 price target for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, QUALCOMM has an average rating of "Moderate Buy" and an average price target of $207.11.

Insider Activity

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the transaction, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the sale, the insider now directly owns 33,383 shares in the company, valued at $5,360,975.97. This represents a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,882 shares of company stock worth $4,314,649. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

QCOM traded up $4.88 during trading on Wednesday, reaching $164.41. 9,279,402 shares of the company's stock were exchanged, compared to its average volume of 7,066,707. The company has a market capitalization of $182.66 billion, a P/E ratio of 18.29, a PEG ratio of 2.65 and a beta of 1.25. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $159.38 and a 200 day moving average price of $169.37. QUALCOMM Incorporated has a fifty-two week low of $137.35 and a fifty-two week 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 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. As a group, analysts predict that QUALCOMM Incorporated will post 9.09 earnings per share for the current fiscal year.

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.