Safeguard Financial LLC Invests $264,000 in QUALCOMM Incorporated (NASDAQ:QCOM)

Safeguard Financial LLC acquired a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,825 shares of the wireless technology company’s stock, valued at approximately $264,000.

Other hedge funds have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. purchased a new stake in QUALCOMM during the third quarter worth about $26,000. Financial Gravity Asset Management Inc. lifted its holdings in QUALCOMM by 102.5% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after buying an additional 122 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in QUALCOMM in the 1st quarter valued at approximately $26,000. Legacy Financial Group LLC purchased a new stake in shares of QUALCOMM during the third quarter worth $29,000. Finally, Pacific Center for Financial Services acquired a new stake in shares of QUALCOMM in the first quarter valued at $31,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Trading Down 0.7 %

NASDAQ:QCOM traded down $1.26 on Tuesday, hitting $168.58. 6,386,536 shares of the stock were exchanged, compared to its average volume of 8,614,523. The stock has a market cap of $188.14 billion, a PE ratio of 24.34, a PEG ratio of 2.34 and a beta of 1.41. QUALCOMM Incorporated has a fifty-two week low of $101.47 and a fifty-two week high of $177.59. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $163.62 and a 200-day moving average of $141.64.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.50 billion. As a group, equities analysts expect that QUALCOMM Incorporated will post 7.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on QCOM shares. Piper Sandler increased their price target on QUALCOMM from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 7th. Evercore ISI began coverage on shares of QUALCOMM in a research report on Tuesday. They issued an “in-line” rating and a $177.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of QUALCOMM from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Finally, Citigroup lowered QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and an average price target of $156.90.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 371 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the completion of the sale, the chief accounting officer now owns 689 shares in the company, valued at $103,232.87. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the completion of the transaction, the chief accounting officer now directly owns 689 shares in the company, valued at $103,232.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total transaction of $520,470.00. Following the sale, the chief financial officer now directly owns 69,343 shares in the company, valued at approximately $12,030,317.07. The disclosure for this sale can be found here. Insiders have sold a total of 44,360 shares of company stock worth $7,184,678 over the last quarter. 0.08% of the stock is owned by corporate insiders.

QUALCOMM 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.