Cerro Pacific Wealth Advisors LLC Acquires 367 Shares of QUALCOMM Incorporated $QCOM

Cerro Pacific Wealth Advisors LLC lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.2% in the second quarter, HoldingsChannel.com reports. The fund owned 16,869 shares of the wireless technology company’s stock after buying an additional 367 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in QUALCOMM were worth $2,687,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in QCOM. Kingstone Capital Partners Texas LLC lifted its holdings in shares of QUALCOMM by 656,661.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after acquiring an additional 58,764,593 shares during the period. Nuveen LLC bought a new stake in shares of QUALCOMM during the 1st quarter worth approximately $529,713,000. Goldman Sachs Group Inc. lifted its holdings in shares of QUALCOMM by 24.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock worth $1,114,403,000 after acquiring an additional 1,407,797 shares during the period. Deutsche Bank AG lifted its holdings in shares of QUALCOMM by 11.2% during the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock worth $1,331,170,000 after acquiring an additional 875,412 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of QUALCOMM by 84.6% during the 1st quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company’s stock worth $230,444,000 after acquiring an additional 707,615 shares during the period. Institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is currently owned by insiders.

QUALCOMM Trading Down 7.3%

Shares of NASDAQ QCOM opened at $153.64 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The firm has a 50 day moving average price of $160.39 and a two-hundred day moving average price of $153.45. The stock has a market cap of $165.77 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on QCOM shares. Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of QUALCOMM in a research note on Wednesday. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, Citigroup reissued a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, 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.