2,272 Shares in QUALCOMM, Inc. (QCOM) Purchased by Avestar Capital LLC

Avestar Capital LLC purchased a new position in QUALCOMM, Inc. (NASDAQ:QCOM) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,272 shares of the wireless technology company’s stock, valued at approximately $141,000.

Several other large investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in QUALCOMM by 2.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 25,674,098 shares of the wireless technology company’s stock valued at $1,330,946,000 after purchasing an additional 498,324 shares during the last quarter. Capital International Investors lifted its stake in QUALCOMM by 41.8% during the third quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock valued at $1,112,250,000 after purchasing an additional 6,322,645 shares during the last quarter. Geode Capital Management LLC lifted its stake in QUALCOMM by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 16,243,388 shares of the wireless technology company’s stock valued at $1,037,808,000 after purchasing an additional 498,411 shares during the last quarter. Veritas Asset Management LLP lifted its stake in QUALCOMM by 68.4% during the third quarter. Veritas Asset Management LLP now owns 13,429,265 shares of the wireless technology company’s stock valued at $696,173,000 after purchasing an additional 5,453,631 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in QUALCOMM by 4.8% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,624,300 shares of the wireless technology company’s stock valued at $744,188,000 after purchasing an additional 534,600 shares during the last quarter. 78.00% of the stock is owned by institutional investors.

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In other news, EVP Alexander H. Rogers sold 713 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $68.20, for a total transaction of $48,626.60. Following the transaction, the executive vice president now owns 10,403 shares in the company, valued at approximately $709,484.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James H. Thompson sold 50,126 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $62.66, for a total transaction of $3,140,895.16. Following the transaction, the executive vice president now owns 136,482 shares in the company, valued at approximately $8,551,962.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,682 shares of company stock worth $3,306,030. 0.24% of the stock is currently owned by company insiders.

Several equities research analysts recently commented on QCOM shares. Citigroup started coverage on shares of QUALCOMM in a research report on Thursday, April 12th. They issued a “neutral” rating and a $58.00 price target for the company. Vetr upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $74.63 price target for the company in a research report on Friday, January 26th. Northland Securities restated a “buy” rating and issued a $75.00 price target on shares of QUALCOMM in a research report on Thursday, February 1st. Mizuho restated a “buy” rating and issued a $75.00 price target (up previously from $65.00) on shares of QUALCOMM in a research report on Wednesday, January 17th. Finally, ValuEngine upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $67.82.

QUALCOMM stock opened at $54.77 on Tuesday. The company has a market capitalization of $82,500.63, a price-to-earnings ratio of 14.49, a P/E/G ratio of 1.73 and a beta of 1.44. The company has a current ratio of 3.41, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. QUALCOMM, Inc. has a twelve month low of $48.92 and a twelve month high of $69.28.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.07. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The firm had revenue of $6.10 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same quarter in the prior year, the business earned $1.19 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities research analysts forecast that QUALCOMM, Inc. will post 2.8 earnings per share for the current year.

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QUALCOMM Profile

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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