CacheTech Inc. Has $952,000 Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

CacheTech Inc. increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 18.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,198 shares of the wireless technology company’s stock after purchasing an additional 953 shares during the period. CacheTech Inc.’s holdings in QUALCOMM were worth $952,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of QCOM. Te Ahumairangi Investment Management Ltd increased its stake in QUALCOMM by 60.9% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,551 shares of the wireless technology company’s stock valued at $6,349,000 after acquiring an additional 14,213 shares during the period. Anchor Investment Management LLC grew its stake in shares of QUALCOMM by 2.2% in the 3rd quarter. Anchor Investment Management LLC now owns 34,700 shares of the wireless technology company’s stock valued at $5,901,000 after purchasing an additional 747 shares during the period. World Investment Advisors LLC raised its holdings in shares of QUALCOMM by 304.0% in the 3rd quarter. World Investment Advisors LLC now owns 45,166 shares of the wireless technology company’s stock worth $7,680,000 after buying an additional 33,985 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of QUALCOMM by 620.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 55,668 shares of the wireless technology company’s stock worth $9,466,000 after buying an additional 47,945 shares during the period. Finally, Optimist Retirement Group LLC boosted its stake in QUALCOMM by 4.1% in the 3rd quarter. Optimist Retirement Group LLC now owns 13,579 shares of the wireless technology company’s stock valued at $2,309,000 after buying an additional 531 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on QCOM shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Citigroup dropped their target price on shares of QUALCOMM from $185.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday. Benchmark restated a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a research report on Friday, February 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Finally, Mizuho reduced their target price on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $201.21.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the sale, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. This represents a 48.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 648 shares of QUALCOMM stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $141.11, for a total value of $91,439.28. Following the transaction, the chief financial officer now owns 56,445 shares in the company, valued at $7,964,953.95. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,666 shares of company stock worth $5,047,052 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Trading Down 0.0 %

NASDAQ:QCOM opened at $139.19 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $230.63. The firm has a market capitalization of $153.94 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.01 and a beta of 1.28. The business’s 50-day moving average price is $155.76 and its two-hundred day moving average price is $161.16.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. On average, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

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.