West Oak Capital LLC Has $46,000 Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

by · The Markets Daily

West Oak Capital LLC lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 82.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 300 shares of the wireless technology company’s stock after selling 1,380 shares during the period. West Oak Capital LLC’s holdings in QUALCOMM were worth $46,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the sale, the insider now directly owns 33,383 shares of the company’s stock, valued at $5,360,975.97. This represents a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

QCOM has been the subject of a number of analyst reports. Benchmark reiterated a “buy” rating and set a $240.00 price objective on shares of QUALCOMM in a report on Thursday, November 7th. Mizuho decreased their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday. StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company upped their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Finally, Sanford C. Bernstein raised their price objective on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $207.11.

Read Our Latest Report on QUALCOMM

QUALCOMM Stock Down 1.3 %

NASDAQ:QCOM traded down $2.10 on Friday, reaching $156.98. 6,235,833 shares of the stock traded hands, compared to its average volume of 7,021,488. The company’s fifty day simple moving average is $159.84 and its 200 day simple moving average is $170.64. The company has a market capitalization of $174.40 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.65 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $136.03 and a 12 month high of $230.63. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Equities analysts predict that QUALCOMM Incorporated will post 9.09 EPS for the current fiscal year.

QUALCOMM Company Profile

(Free Report)

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.

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