LifePlan Financial LLC Takes Position in QUALCOMM Incorporated (NASDAQ:QCOM)

LifePlan Financial LLC purchased a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,818 shares of the wireless technology company’s stock, valued at approximately $841,000.

Other large investors have also made changes to their positions in the company. DHJJ Financial Advisors Ltd. acquired a new stake in shares of QUALCOMM during the third quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. increased its stake in QUALCOMM by 102.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 122 shares during the period. Milestone Investment Advisors LLC acquired a new position in QUALCOMM in the 1st quarter valued at approximately $26,000. Legacy Financial Group LLC acquired a new position in QUALCOMM in the 3rd quarter valued at approximately $29,000. Finally, Pacific Center for Financial Services acquired a new position in QUALCOMM in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity

In other news, CAO Neil Martin sold 371 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the completion of the transaction, the chief accounting officer now owns 689 shares in the company, valued at approximately $103,232.87. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $159.39, for a total transaction of $1,275,120.00. Following the completion of the sale, the chief technology officer now owns 269,893 shares in the company, valued at approximately $43,018,245.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Neil Martin sold 371 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the sale, the chief accounting officer now owns 689 shares of the company’s stock, valued at approximately $103,232.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,360 shares of company stock worth $7,184,678. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Stock Performance

QUALCOMM stock traded down $1.45 during mid-day trading on Monday, reaching $169.84. The company had a trading volume of 6,567,047 shares, compared to its average volume of 8,645,328. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.63. QUALCOMM Incorporated has a 52 week low of $101.47 and a 52 week high of $177.59. The company has a 50 day moving average of $163.10 and a 200-day moving average of $141.23. The firm has a market cap of $189.54 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.34 and a beta of 1.41.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.50 billion. On average, sell-side analysts expect that QUALCOMM Incorporated will post 7.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several recent research reports. KeyCorp boosted their target price on shares of QUALCOMM from $180.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. TD Cowen boosted their target price on shares of QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Susquehanna boosted their target price on shares of QUALCOMM from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Mizuho boosted their target price on shares of QUALCOMM from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Canaccord Genuity Group boosted their target price on shares of QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.90.

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.