Harbor Capital Advisors Inc. Purchases 377 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Harbor Capital Advisors Inc. boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.1% during the 4th quarter, Holdings Channel reports. The fund owned 12,730 shares of the wireless technology company’s stock after buying an additional 377 shares during the period. Harbor Capital Advisors Inc.’s holdings in QUALCOMM were worth $1,956,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in QCOM. Ridgewood Investments LLC increased its holdings in QUALCOMM by 43.8% during the fourth quarter. Ridgewood Investments LLC now owns 12,858 shares of the wireless technology company’s stock valued at $1,975,000 after buying an additional 3,917 shares during the period. Farmers Trust Co. increased its holdings in shares of QUALCOMM by 6.8% in the 4th quarter. Farmers Trust Co. now owns 3,136 shares of the wireless technology company’s stock valued at $482,000 after acquiring an additional 201 shares during the period. Innova Wealth Partners raised its position in shares of QUALCOMM by 6.5% in the 4th quarter. Innova Wealth Partners now owns 1,461 shares of the wireless technology company’s stock worth $225,000 after acquiring an additional 89 shares in the last quarter. Range Financial Group LLC lifted its stake in shares of QUALCOMM by 306.5% during the 4th quarter. Range Financial Group LLC now owns 5,727 shares of the wireless technology company’s stock worth $880,000 after purchasing an additional 4,318 shares during the last quarter. Finally, One Wealth Capital Management LLC purchased a new position in QUALCOMM in the fourth quarter valued at about $455,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 1.3 %

QCOM opened at $156.98 on Friday. The company has a fifty day moving average of $159.67 and a two-hundred day moving average of $170.11. The stock has a market capitalization of $174.40 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.65 and a beta of 1.25. QUALCOMM Incorporated has a fifty-two week low of $136.03 and a fifty-two week high of $230.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. On average, research analysts expect that QUALCOMM Incorporated will post 9.09 earnings per share for the current year.

Insider Activity

In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now directly owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This trade represents a 13.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at approximately $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock worth $4,314,649 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on QCOM. Loop Capital started coverage on shares of QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 price target for the company. Cantor Fitzgerald restated a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Wednesday, November 20th. Benchmark reaffirmed a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. Sanford C. Bernstein boosted their target price on QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

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.