Ascent Group LLC Has $1.08 Million Position in QUALCOMM Incorporated $QCOM

Ascent Group LLC lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.9% in the second quarter, HoldingsChannel.com reports. The firm owned 6,766 shares of the wireless technology company’s stock after selling 274 shares during the period. Ascent Group LLC’s holdings in QUALCOMM were worth $1,078,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of QUALCOMM by 7.1% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,022 shares of the wireless technology company’s stock valued at $2,711,000 after buying an additional 1,131 shares during the last quarter. Abundance Wealth Counselors boosted its stake in QUALCOMM by 0.9% during the 2nd quarter. Abundance Wealth Counselors now owns 7,861 shares of the wireless technology company’s stock valued at $1,267,000 after purchasing an additional 70 shares during the last quarter. Abacus Planning Group Inc. increased its holdings in QUALCOMM by 5.5% during the 2nd quarter. Abacus Planning Group Inc. now owns 2,045 shares of the wireless technology company’s stock worth $326,000 after purchasing an additional 107 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of QUALCOMM in the second quarter worth approximately $1,559,000. Finally, Matauro LLC purchased a new stake in shares of QUALCOMM in the second quarter worth approximately $589,000. 74.35% of the stock is owned by institutional investors.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $169.18 on Monday. The company has a 50 day moving average of $159.51 and a 200 day moving average of $153.22. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock has a market cap of $182.55 billion, a P/E ratio of 16.31, a P/E/G ratio of 2.47 and a beta of 1.23. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This represents a 50.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,767 shares of company stock valued at $26,322,745 over the last 90 days. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on QCOM shares. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Tuesday, August 26th. UBS Group increased their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Piper Sandler cut their target price on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and an average price target of $182.82.

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.