QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Brookstone Capital Management

Brookstone Capital Management lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 25.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 filing with the SEC.

Other large investors have also modified their holdings of the company. Brown Brothers Harriman & Co. increased its holdings in shares of QUALCOMM by 9.1% during the second quarter. Brown Brothers Harriman & Co. now owns 26,153 shares of the wireless technology company’s stock valued at $5,209,000 after purchasing an additional 2,190 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of QUALCOMM by 1,778.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,219,303 shares of the wireless technology company’s stock worth $641,221,000 after buying an additional 3,047,947 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of QUALCOMM in the 2nd quarter worth approximately $2,995,000. WealthPLAN Partners LLC boosted its holdings in shares of QUALCOMM by 21.4% in the second quarter. WealthPLAN Partners LLC now owns 1,634 shares of the wireless technology company’s stock valued at $325,000 after acquiring an additional 288 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. acquired a new position in shares of QUALCOMM during the second quarter valued at approximately $548,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

QCOM opened at $159.53 on Wednesday. The stock has a fifty day moving average price of $159.38 and a 200 day moving average price of $169.37. 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 Incorporated has a 1 year low of $137.35 and a 1 year high of $230.63. The stock has a market cap of $177.24 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.65 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.25. The business 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 fiscal year.

Insider Buying and Selling at QUALCOMM

In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the sale, the general counsel now directly owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This represents a 13.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the transaction, the chief accounting officer now owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock worth $4,314,649 over the last three months. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research reports. Citigroup dropped their price objective on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. Melius Research assumed coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target on the stock. Mizuho reduced their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley dropped their target price on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, UBS Group raised their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $207.11.

QUALCOMM 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.