St. Louis Financial Planners Asset Management LLC Has $2 Million Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

St. Louis Financial Planners Asset Management LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 10.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,851 shares of the wireless technology company’s stock after buying an additional 1,098 shares during the quarter. QUALCOMM accounts for about 1.6% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. St. Louis Financial Planners Asset Management LLC’s holdings in QUALCOMM were worth $2,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Marquette Asset Management LLC acquired a new stake in QUALCOMM in the 3rd quarter valued at approximately $199,000. Brookstone Capital Management grew its stake in shares of QUALCOMM by 3.5% during the 3rd quarter. Brookstone Capital Management now owns 29,148 shares of the wireless technology company’s stock worth $4,957,000 after acquiring an additional 991 shares in the last quarter. City Holding Co. raised its holdings in shares of QUALCOMM by 63.0% in the third quarter. City Holding Co. now owns 10,538 shares of the wireless technology company’s stock valued at $1,792,000 after purchasing an additional 4,074 shares during the last quarter. O Keefe Stevens Advisory Inc. lifted its position in shares of QUALCOMM by 1.2% in the third quarter. O Keefe Stevens Advisory Inc. now owns 133,499 shares of the wireless technology company’s stock worth $22,702,000 after purchasing an additional 1,613 shares in the last quarter. Finally, Tealwood Asset Management Inc. acquired a new position in QUALCOMM during the third quarter worth $1,692,000. Institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on QCOM shares. Westpark Capital reissued a “hold” rating on shares of QUALCOMM in a research report on Tuesday, July 30th. Hsbc Global Res lowered QUALCOMM from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 17th. TD Cowen upgraded QUALCOMM to a “strong-buy” rating in a research note on Monday, September 16th. DZ Bank upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research note on Friday, August 2nd. Finally, Wells Fargo & Company raised their target price on shares of QUALCOMM from $140.00 to $170.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.38.

Insider Activity at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, the chief financial officer now owns 51,437 shares of the company’s stock, valued at $8,535,970.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Alexander H. Rogers sold 3,245 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total transaction of $539,156.75. Following the completion of the sale, the insider now owns 32,231 shares of the company’s stock, valued at approximately $5,355,180.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the completion of the transaction, the chief financial officer now directly owns 51,437 shares in the company, valued at $8,535,970.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,245 shares of company stock worth $3,679,407. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 0.4 %

QCOM stock opened at $166.34 on Wednesday. QUALCOMM Incorporated has a fifty-two week low of $104.33 and a fifty-two week high of $230.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. The stock has a market capitalization of $185.64 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.69 and a beta of 1.28. The business’s fifty day moving average price is $167.76 and its two-hundred day moving average price is $182.14.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.21. The business had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.23 billion. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. On average, equities analysts anticipate that QUALCOMM Incorporated will post 8.02 earnings per share for the current 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.