Aprio Wealth Management LLC Grows Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Aprio Wealth Management LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 25.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,465 shares of the wireless technology company’s stock after acquiring an additional 907 shares during the period. Aprio Wealth Management LLC’s holdings in QUALCOMM were worth $686,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. HWG Holdings LP purchased a new stake in shares of QUALCOMM in the 2nd quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new stake in QUALCOMM during the 3rd quarter worth approximately $26,000. Planning Capital Management Corp increased its stake in QUALCOMM by 137.3% during the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock worth $34,000 after buying an additional 114 shares during the period. Hershey Financial Advisers LLC purchased a new stake in QUALCOMM during the 2nd quarter worth approximately $42,000. Finally, Accordant Advisory Group Inc purchased a new stake in QUALCOMM during the 3rd quarter worth approximately $36,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Stock Down 1.3 %

Shares of NASDAQ:QCOM opened at $156.98 on Monday. The stock has a market cap of $174.40 billion, a P/E ratio of 17.46, a P/E/G ratio of 2.65 and a beta of 1.25. The firm has a fifty day moving average price of $159.67 and a 200 day moving average price of $169.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. QUALCOMM Incorporated has a 1-year low of $136.03 and a 1-year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Sell-side analysts predict that QUALCOMM Incorporated will post 9.09 EPS for the current year.

Insiders Place Their Bets

In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the sale, the general counsel now owns 12,007 shares in the company, valued at $1,981,875.42. This represents a 13.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,882 shares of company stock worth $4,314,649. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a research note on Monday, September 16th. Evercore ISI boosted their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. KeyCorp cut shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Sanford C. Bernstein boosted their price target on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.