QUALCOMM, Inc. (QCOM) Holdings Trimmed by Liberty Wealth Management LLC

Liberty Wealth Management LLC lowered its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 33.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 913 shares of the wireless technology company’s stock after selling 450 shares during the period. Liberty Wealth Management LLC’s holdings in QUALCOMM were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Atlas Brown Inc. grew its holdings in shares of QUALCOMM by 3.5% in the 1st quarter. Atlas Brown Inc. now owns 5,305 shares of the wireless technology company’s stock worth $303,000 after acquiring an additional 179 shares during the last quarter. Boenning & Scattergood Inc. grew its holdings in shares of QUALCOMM by 3.1% during the fourth quarter. Boenning & Scattergood Inc. now owns 6,537 shares of the wireless technology company’s stock valued at $372,000 after buying an additional 197 shares in the last quarter. Evanson Asset Management LLC grew its holdings in shares of QUALCOMM by 4.9% during the fourth quarter. Evanson Asset Management LLC now owns 4,231 shares of the wireless technology company’s stock valued at $241,000 after buying an additional 199 shares in the last quarter. Highland Capital Management LLC grew its holdings in shares of QUALCOMM by 0.4% during the fourth quarter. Highland Capital Management LLC now owns 53,274 shares of the wireless technology company’s stock valued at $3,032,000 after buying an additional 200 shares in the last quarter. Finally, Unison Advisors LLC grew its holdings in shares of QUALCOMM by 1.1% during the first quarter. Unison Advisors LLC now owns 19,346 shares of the wireless technology company’s stock valued at $1,103,000 after buying an additional 209 shares in the last quarter. 83.70% of the stock is currently owned by hedge funds and other institutional investors.

In other QUALCOMM news, EVP James H. Thompson sold 40,000 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $50.75, for a total value of $2,030,000.00. Following the completion of the sale, the executive vice president now owns 62,301 shares of the company’s stock, valued at $3,161,775.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Cristiano R. Amon sold 13,466 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $60.00, for a total value of $807,960.00. Following the completion of the sale, the president now directly owns 37,614 shares of the company’s stock, valued at approximately $2,256,840. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

A number of research analysts have recently weighed in on the company. Bank of America reiterated a “neutral” rating and set a $71.00 price target (up previously from $60.00) on shares of QUALCOMM in a report on Wednesday, April 17th. Macquarie set a $85.00 target price on QUALCOMM and gave the company a “buy” rating in a research note on Wednesday, April 17th. Sanford C. Bernstein set a $60.00 target price on QUALCOMM and gave the company a “hold” rating in a research note on Wednesday, April 17th. DZ Bank upgraded QUALCOMM from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Argus boosted their target price on QUALCOMM to $95.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. QUALCOMM currently has an average rating of “Buy” and an average target price of $76.32.

Shares of NASDAQ:QCOM opened at $79.89 on Monday. QUALCOMM, Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $82.52. The stock has a market capitalization of $96.69 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.59 and a beta of 1.22. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 4.25.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.11. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was down 21.3% compared to the same quarter last year. As a group, analysts predict that QUALCOMM, Inc. will post 3.14 EPS for the current fiscal year.

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About QUALCOMM

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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