Atria Wealth Solutions Inc. Sells 26,709 Shares of QUALCOMM Incorporated $QCOM

Atria Wealth Solutions Inc. decreased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 54.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,761 shares of the wireless technology company’s stock after selling 26,709 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in QUALCOMM were worth $3,640,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC increased its stake in QUALCOMM by 70.0% in the first 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 increased its stake in 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 acquiring an additional 93 shares during the period. Chung Wu Investment Group LLC bought a new stake in QUALCOMM in the second quarter valued at about $32,000. Atticus Wealth Management LLC increased its stake in 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 acquiring an additional 212 shares during the period. Finally, Abound Financial LLC bought a new stake in QUALCOMM in the first quarter valued at about $39,000. Institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the company’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 transaction, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were 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 represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 159,767 shares of company stock valued at $26,322,745 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on QCOM shares. UBS Group upped their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Bank of America decreased their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, June 17th. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Tuesday, August 26th. 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 research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.82.

QUALCOMM Price Performance

Shares of QCOM stock opened at $161.74 on Wednesday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The firm’s 50 day moving average is $160.98 and its 200-day moving average is $153.53. The firm has a market capitalization of $174.52 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.36 and a beta of 1.23. 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 announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the business earned $2.33 earnings per share. QUALCOMM’s quarterly 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 EPS for the current fiscal year.

QUALCOMM 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.