QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 446,893 shares of the wireless technology company’s stock after buying an additional 54,588 shares during the quarter. Mackenzie Financial Corp’s holdings in QUALCOMM were worth $64,634,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Milestone Investment Advisors LLC acquired a new position in QUALCOMM in the first quarter worth approximately $26,000. DHJJ Financial Advisors Ltd. acquired a new position in QUALCOMM in the third quarter worth approximately $26,000. Financial Gravity Asset Management Inc. grew its position in QUALCOMM by 102.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after buying an additional 122 shares during the last quarter. Fortitude Family Office LLC acquired a new position in QUALCOMM in the fourth quarter worth approximately $35,000. Finally, Pacific Center for Financial Services acquired a new position in QUALCOMM in the first quarter worth approximately $31,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling

In related news, CEO Cristiano R. Amon sold 8,100 shares of QUALCOMM stock in a transaction on Friday, January 19th. The shares were sold at an average price of $149.50, for a total value of $1,210,950.00. Following the transaction, the chief executive officer now owns 32,400 shares in the company, valued at approximately $4,843,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Cristiano R. Amon sold 8,100 shares of QUALCOMM stock in a transaction on Friday, January 19th. The shares were sold at an average price of $149.50, for a total value of $1,210,950.00. Following the transaction, the chief executive officer now owns 32,400 shares in the company, valued at approximately $4,843,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 44,360 shares of company stock worth $7,184,678 in the last quarter. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Down 0.7 %

QCOM stock opened at $168.58 on Wednesday. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $177.59. The company has a fifty day simple moving average of $164.11 and a 200 day simple moving average of $142.05. The firm has a market cap of $188.14 billion, a PE ratio of 24.43, a PEG ratio of 2.32 and a beta of 1.41.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on QCOM shares. Cantor Fitzgerald raised their price objective on shares of QUALCOMM from $150.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Citigroup lowered shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a research note on Thursday, February 1st. Mizuho raised their price objective on shares of QUALCOMM from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Evercore ISI started coverage on shares of QUALCOMM in a research note on Tuesday. They issued an “in-line” rating and a $177.00 price objective for the company. Finally, StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and an average price target of $156.90.

About QUALCOMM

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.