Edgar Lomax Co. VA lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,345 shares of the wireless technology company's stock after selling 2,135 shares during the quarter. Edgar Lomax Co. VA's holdings in QUALCOMM were worth $16,951,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $26,000. CKW Financial Group bought a new position in QUALCOMM during the fourth quarter valued at about $27,000. Centricity Wealth Management LLC acquired a new stake in QUALCOMM in the 4th quarter worth approximately $29,000. CoreFirst Bank & Trust acquired a new stake in QUALCOMM in the 4th quarter valued at approximately $33,000. Finally, Synergy Asset Management LLC bought a new stake in QUALCOMM in the 4th quarter valued at $38,000. Institutional investors and hedge funds 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 shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Evercore ISI reduced their price objective on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. Benchmark reissued a "buy" rating and issued a $240.00 price target on shares of QUALCOMM in a report on Friday, February 7th. Citigroup cut their target price on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Barclays reduced their price target on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, QUALCOMM currently has a consensus rating of "Hold" and a consensus target price of $201.21.
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