Cooper Financial Group Has $654,000 Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Cooper Financial Group cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,259 shares of the wireless technology company’s stock after selling 69 shares during the quarter. Cooper Financial Group’s holdings in QUALCOMM were worth $654,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of QCOM. Reston Wealth Management LLC bought a new position in QUALCOMM in the third quarter valued at approximately $26,000. HWG Holdings LP bought a new position in shares of QUALCOMM in the 2nd quarter worth $30,000. Planning Capital Management Corp grew its stake in shares of QUALCOMM by 137.3% during the third 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 during the period. Accordant Advisory Group Inc bought a new stake in QUALCOMM in the third quarter valued at about $36,000. Finally, Legacy Investment Solutions LLC acquired a new position in QUALCOMM in the third quarter valued at about $39,000. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the transaction, the insider now directly owns 33,383 shares of the company’s stock, valued at $5,360,975.97. This represents a 23.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the sale, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This trade represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock valued at $4,314,649 over the last 90 days. 0.08% of the stock is currently owned by insiders.

QUALCOMM Trading Up 0.1 %

NASDAQ QCOM opened at $157.13 on Tuesday. The company has a market cap of $174.57 billion, a PE ratio of 17.48, a PEG ratio of 2.65 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $137.35 and a 12 month high of $230.63. The stock has a 50 day moving average of $159.51 and a 200-day moving average of $169.65. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. The company 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%. On average, equities research analysts anticipate that QUALCOMM Incorporated will post 9.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on QCOM. JPMorgan Chase & Co. decreased their target price on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Evercore ISI upped their target price on shares of QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Sanford C. Bernstein lifted 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. Susquehanna lowered their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Finally, Melius Research started coverage on QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $207.11.

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.