Clarendon Private LLC Reduces Holdings in QUALCOMM Incorporated $QCOM

Clarendon Private LLC trimmed its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,431 shares of the wireless technology company’s stock after selling 215 shares during the period. Clarendon Private LLC’s holdings in QUALCOMM were worth $546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CCG Wealth Management LLC lifted its position in shares of QUALCOMM by 11.3% in the 2nd quarter. CCG Wealth Management LLC now owns 3,869 shares of the wireless technology company’s stock worth $616,000 after purchasing an additional 392 shares during the period. GW Henssler & Associates Ltd. lifted its position in shares of QUALCOMM by 1.8% in the 2nd quarter. GW Henssler & Associates Ltd. now owns 159,898 shares of the wireless technology company’s stock worth $25,465,000 after purchasing an additional 2,838 shares during the period. LRI Investments LLC lifted its position in shares of QUALCOMM by 18.4% in the 2nd quarter. LRI Investments LLC now owns 1,546 shares of the wireless technology company’s stock worth $246,000 after purchasing an additional 240 shares during the period. OFI Invest Asset Management lifted its position in shares of QUALCOMM by 0.3% in the 2nd quarter. OFI Invest Asset Management now owns 80,383 shares of the wireless technology company’s stock worth $12,802,000 after purchasing an additional 209 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of QUALCOMM by 17.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 141,468 shares of the wireless technology company’s stock worth $22,538,000 after acquiring an additional 21,197 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at QUALCOMM

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

Analysts Set New Price Targets

Several brokerages recently issued reports on QCOM. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Tuesday, August 26th. UBS Group increased their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Piper Sandler decreased their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

QUALCOMM Stock Down 7.3%

NASDAQ:QCOM opened at $153.64 on Friday. The firm has a market cap of $165.77 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.24 and a beta of 1.23. 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 fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm has a 50-day simple moving average of $160.39 and a two-hundred day simple moving average of $153.45.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

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.