waypoint wealth counsel Sells 488 Shares of QUALCOMM Incorporated $QCOM

waypoint wealth counsel reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 14.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,802 shares of the wireless technology company’s stock after selling 488 shares during the period. waypoint wealth counsel’s holdings in QUALCOMM were worth $446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC raised its holdings in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC raised its stake in shares of QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 93 shares during the period. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM during the 2nd quarter valued at $32,000. Atticus Wealth Management LLC raised its stake in shares of QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after purchasing an additional 212 shares during the period. Finally, Abound Financial LLC bought a new stake in shares of QUALCOMM during the 1st quarter valued at $39,000. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer 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 disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock valued at $26,322,745 over the last quarter. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 7.3%

QCOM stock opened at $153.64 on Friday. The company’s 50 day moving average is $160.39 and its 200 day moving average is $153.45. The stock has a market cap of $165.77 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion for 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%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Tuesday, August 26th. Bank of America decreased their target price on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, June 17th. JPMorgan Chase & Co. upped their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QUALCOMM in a report on Wednesday. Finally, Mizuho decreased their price target on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.