Smith Anglin Financial LLC Purchases 157 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Smith Anglin Financial LLC lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 7.4% in the 4th quarter, Holdings Channel reports. The fund owned 2,279 shares of the wireless technology company’s stock after buying an additional 157 shares during the quarter. Smith Anglin Financial LLC’s holdings in QUALCOMM were worth $350,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Apella Capital LLC grew its stake in shares of QUALCOMM by 3.6% during the 4th quarter. Apella Capital LLC now owns 5,357 shares of the wireless technology company’s stock worth $823,000 after acquiring an additional 186 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in QUALCOMM by 18.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,569 shares of the wireless technology company’s stock worth $1,471,000 after purchasing an additional 1,471 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in QUALCOMM by 4.5% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 1,916 shares of the wireless technology company’s stock worth $294,000 after purchasing an additional 82 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in QUALCOMM by 11.6% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 16,948 shares of the wireless technology company’s stock worth $2,603,000 after purchasing an additional 1,756 shares in the last quarter. Finally, Community Trust & Investment Co. lifted its holdings in QUALCOMM by 4.2% during the 4th quarter. Community Trust & Investment Co. now owns 18,367 shares of the wireless technology company’s stock worth $2,822,000 after purchasing an additional 745 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In related news, General Counsel Ann C. Chaplin sold 7,717 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,239,273.03. Following the sale, the general counsel now directly owns 17,153 shares in the company, valued at approximately $2,754,600.27. The trade was a 31.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the sale, the insider now 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. Insiders sold a total of 26,882 shares of company stock valued at $4,314,649 over the last 90 days. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $163.32 on Wednesday. The stock has a 50-day simple moving average of $159.38 and a two-hundred day simple moving average of $169.37. QUALCOMM Incorporated has a 52-week low of $137.35 and a 52-week high of $230.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The firm has a market capitalization of $181.45 billion, a PE ratio of 18.17, a P/E/G ratio of 2.65 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. Analysts forecast that QUALCOMM Incorporated will post 9.09 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on QCOM shares. Benchmark reissued a “buy” rating and set a $240.00 price objective on shares of QUALCOMM in a report on Thursday, November 7th. Melius Research started coverage on QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. Citigroup decreased their price objective on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Sanford C. Bernstein raised their price objective on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Mizuho decreased their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One equities 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. According to MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and an average target price of $207.11.

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.