QUALCOMM Incorporated (NASDAQ:QCOM) is Aurora Investment Counsel’s Largest Position

Aurora Investment Counsel raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,796 shares of the wireless technology company’s stock after acquiring an additional 472 shares during the period. QUALCOMM accounts for approximately 1.7% of Aurora Investment Counsel’s portfolio, making the stock its largest position. Aurora Investment Counsel’s holdings in QUALCOMM were worth $2,863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rheos Capital Works Inc. lifted its position in QUALCOMM by 36.8% in the third quarter. Rheos Capital Works Inc. now owns 157,900 shares of the wireless technology company’s stock valued at $17,536,000 after purchasing an additional 42,500 shares during the period. HF Advisory Group LLC purchased a new position in QUALCOMM in the 3rd quarter valued at about $629,000. Bank Hapoalim BM boosted its position in QUALCOMM by 35.0% during the fourth quarter. Bank Hapoalim BM now owns 35,423 shares of the wireless technology company’s stock worth $5,123,000 after acquiring an additional 9,192 shares during the last quarter. DnB Asset Management AS increased its stake in QUALCOMM by 31.1% in the third quarter. DnB Asset Management AS now owns 908,457 shares of the wireless technology company’s stock valued at $100,893,000 after purchasing an additional 215,522 shares during the last quarter. Finally, Sather Financial Group Inc lifted its holdings in shares of QUALCOMM by 5.8% during the 3rd quarter. Sather Financial Group Inc now owns 327,547 shares of the wireless technology company’s stock worth $36,377,000 after acquiring an additional 18,090 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

NASDAQ QCOM traded up $1.77 during trading on Friday, hitting $171.53. 5,683,034 shares of the company’s stock were exchanged, compared to its average volume of 7,320,254. The company has a market cap of $191.43 billion, a PE ratio of 24.86, a P/E/G ratio of 2.34 and a beta of 1.41. 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 fifty-two week low of $101.47 and a fifty-two week high of $177.59. The stock’s 50 day moving average price is $160.31 and its two-hundred day moving average price is $138.96.

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

Insiders Place Their Bets

In related news, insider James J. Cathey sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $139.00, for a total value of $139,000.00. Following the completion of the transaction, the insider now owns 4,972 shares in the company, valued at approximately $691,108. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other QUALCOMM news, insider James J. Cathey sold 1,000 shares of QUALCOMM stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $139.00, for a total transaction of $139,000.00. Following the transaction, the insider now directly owns 4,972 shares of the company’s stock, valued at approximately $691,108. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $173.49, for a total value of $520,470.00. Following the transaction, the chief financial officer now owns 69,343 shares of the company’s stock, valued at $12,030,317.07. The disclosure for this sale can be found here. Insiders sold a total of 45,360 shares of company stock valued at $7,323,678 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on QCOM. Barclays increased their target price on QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. TD Cowen lifted their price target on shares of QUALCOMM from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Mizuho boosted 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. Finally, JPMorgan Chase & Co. cut their target price on shares of QUALCOMM from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus price target of $148.71.

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.