TD Waterhouse Canada Inc. Boosts Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

TD Waterhouse Canada Inc. raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 332,127 shares of the wireless technology company’s stock after acquiring an additional 10,713 shares during the period. TD Waterhouse Canada Inc.’s holdings in QUALCOMM were worth $51,021,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of QCOM. Kohmann Bosshard Financial Services LLC purchased a new stake in QUALCOMM in the fourth quarter valued at approximately $26,000. CKW Financial Group bought a new position in shares of QUALCOMM in the 4th quarter worth $27,000. Centricity Wealth Management LLC purchased a new stake in shares of QUALCOMM during the 4th quarter valued at $29,000. CoreFirst Bank & Trust bought a new stake in shares of QUALCOMM during the 4th quarter worth $33,000. Finally, Synergy Asset Management LLC purchased a new position in QUALCOMM in the fourth quarter worth $38,000. Institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on QCOM shares. StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. Citigroup decreased their price objective on QUALCOMM from $185.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Barclays cut their target price on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. TD Cowen decreased their price target on shares of QUALCOMM from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Mizuho lowered their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $201.21.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 648 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $141.11, for a total value of $91,439.28. Following the sale, the chief financial officer now directly owns 56,445 shares of the company’s stock, valued at $7,964,953.95. The trade was a 1.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,666 shares of company stock valued at $5,047,052 in the last three months. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Performance

Shares of QCOM opened at $136.54 on Monday. The company has a 50-day simple moving average of $153.10 and a two-hundred day simple moving average of $160.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The firm has a market capitalization of $151.01 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. On average, analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

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.