NorthRock Partners LLC Raises Stock Position in QUALCOMM Incorporated $QCOM

NorthRock Partners LLC boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 10.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 14,249 shares of the wireless technology company’s stock after purchasing an additional 1,372 shares during the period. NorthRock Partners LLC’s holdings in QUALCOMM were worth $2,269,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Verdence Capital Advisors LLC grew its stake in QUALCOMM by 8.2% during the second quarter. Verdence Capital Advisors LLC now owns 45,863 shares of the wireless technology company’s stock valued at $7,304,000 after acquiring an additional 3,486 shares in the last quarter. Wealth Architects LLC grew its stake in QUALCOMM by 3.9% in the 2nd quarter. Wealth Architects LLC now owns 2,030 shares of the wireless technology company’s stock worth $323,000 after buying an additional 76 shares in the last quarter. Astoria Portfolio Advisors LLC. grew its stake in QUALCOMM by 2.7% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 10,507 shares of the wireless technology company’s stock worth $1,669,000 after buying an additional 275 shares in the last quarter. Concord Asset Management LLC VA grew its stake in QUALCOMM by 15.7% in the 2nd quarter. Concord Asset Management LLC VA now owns 6,183 shares of the wireless technology company’s stock worth $985,000 after buying an additional 841 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in QUALCOMM by 7.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 125,831 shares of the wireless technology company’s stock worth $20,040,000 after buying an additional 8,777 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the 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 transaction, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $153.64 on Monday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company’s 50-day moving average is $160.39 and its 200 day moving average is $153.41. The company has a market capitalization 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. 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 posted 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. The business had revenue of $10.37 billion for the quarter, compared to analysts’ expectations 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 business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Analysts Set New Price Targets

QCOM has been the subject of a number of recent research reports. Citigroup restated a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. Mizuho lowered their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock 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.