Green Alpha Advisors LLC Sells 876 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Green Alpha Advisors LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,042 shares of the wireless technology company’s stock after selling 876 shares during the period. QUALCOMM comprises 1.9% of Green Alpha Advisors LLC’s portfolio, making the stock its 7th biggest position. Green Alpha Advisors LLC’s holdings in QUALCOMM were worth $2,311,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its position in QUALCOMM by 31.8% during the 2nd quarter. GHP Investment Advisors Inc. now owns 667 shares of the wireless technology company’s stock worth $133,000 after buying an additional 161 shares in the last quarter. Westover Capital Advisors LLC acquired a new position in QUALCOMM during the second quarter valued at approximately $395,000. Parallel Advisors LLC grew its stake in QUALCOMM by 2.1% in the second quarter. Parallel Advisors LLC now owns 14,769 shares of the wireless technology company’s stock valued at $2,942,000 after purchasing an additional 297 shares in the last quarter. Wealthspire Advisors LLC increased its position in shares of QUALCOMM by 21.9% during the 2nd quarter. Wealthspire Advisors LLC now owns 13,848 shares of the wireless technology company’s stock worth $2,758,000 after purchasing an additional 2,484 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in shares of QUALCOMM by 0.6% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,481 shares of the wireless technology company’s stock worth $2,486,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling

In related news, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the transaction, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. This represents a 93.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the sale, the general counsel now directly owns 12,007 shares in the company, valued at approximately $1,981,875.42. The trade was a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock worth $4,314,649 in the last ninety days. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

QCOM has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Wednesday, November 20th. Citigroup lowered their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Finally, Evercore ISI raised their price objective on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus price target of $207.11.

QUALCOMM Price Performance

QCOM stock opened at $156.98 on Monday. The company’s 50-day moving average price is $159.67 and its two-hundred day moving average price is $169.92. The firm 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 company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 12 month low of $136.03 and a 12 month high of $230.63.

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

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.