Natural Investments LLC lessened its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 47.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,368 shares of the wireless technology company’s stock after selling 1,231 shares during the period. Natural Investments LLC’s holdings in QUALCOMM were worth $217,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in QCOM. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC boosted its stake in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 93 shares during the period. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM in the second quarter valued at approximately $32,000. Atticus Wealth Management LLC boosted its stake in shares of QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 212 shares during the period. Finally, Abound Financial LLC bought a new stake in shares of QUALCOMM in the first quarter valued at approximately $39,000. Institutional investors own 74.35% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on QCOM. Citigroup reiterated a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. JPMorgan Chase & Co. boosted their price target on QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. UBS Group boosted their price target on 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 price target on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company 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 note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $182.82.
QUALCOMM Stock Down 7.3%
Shares of QCOM opened at $153.64 on Friday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company 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 current ratio of 3.19 and a quick ratio of 2.38. 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 – Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 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 business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the business earned $2.33 earnings per share. 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. Research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.
Insider Activity at QUALCOMM
In other news, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $161.42, for a total transaction of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares in the company, valued at approximately $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Neil Martin sold 791 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares of the company’s stock, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is owned by company insiders.
QUALCOMM Company 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.
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