Astoria Portfolio Advisors LLC. Has $1.67 Million Stock Position in QUALCOMM Incorporated $QCOM

Astoria Portfolio Advisors LLC. grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,507 shares of the wireless technology company’s stock after purchasing an additional 275 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in QUALCOMM were worth $1,669,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of QUALCOMM by 565.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock valued at $19,098,000 after purchasing an additional 105,631 shares during the period. PFG Advisors increased its position in shares of QUALCOMM by 8.0% in the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock valued at $663,000 after buying an additional 321 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of QUALCOMM by 3.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company’s stock valued at $28,979,000 after buying an additional 6,017 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of QUALCOMM by 12.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock valued at $203,904,000 after buying an additional 145,509 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of QUALCOMM by 0.5% in the 1st quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company’s stock valued at $3,713,000 after buying an additional 129 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer owned 39,874 shares of the company’s stock, valued at $6,254,635.64. This trade represents a 7.71% 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.

Analyst Ratings Changes

A number of research firms recently commented on QCOM. Weiss Ratings restated a “hold (c+)” rating on shares of QUALCOMM in a research report on Wednesday, October 8th. Citigroup restated a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. Piper Sandler decreased their price objective on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. UBS Group raised their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Finally, Mizuho decreased their price objective on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.82.

QUALCOMM Trading Down 7.3%

Shares of NASDAQ:QCOM opened at $153.64 on Monday. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The company has a market capitalization 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. The company has a 50-day simple moving average of $160.39 and a 200 day simple moving average of $153.41. 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 (NASDAQ:QCOM) last issued its 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 business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the business posted $2.33 EPS. QUALCOMM’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. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current 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.