2,177 Shares in QUALCOMM Incorporated $QCOM Bought by Morningstar Investment Management LLC

Key Points

• Morningstar Investment Management LLC has acquired 2,177 shares of QUALCOMM, worth approximately $347,000, marking a new position in the company's stock during the second quarter.
• A significant portion of QUALCOMM's stock, approximately 74.35%, is currently owned by institutional investors, highlighting strong institutional interest in the company.
• Insider selling was noted, including a sale by CFO Akash J. Palkhiwala of 3,333 shares valued at over $522,000, indicating a decrease in their position by 7.71%.

Morningstar Investment Management LLC bought a new position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 2,177 shares of the wireless technology company's stock, valued at approximately $347,000.

A number of other large investors also recently modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC lifted its stake 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 in the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in 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 acquiring an additional 93 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in QUALCOMM during the 2nd quarter valued at $32,000. Atticus Wealth Management LLC lifted its stake in 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 acquiring an additional 212 shares in the last quarter. Finally, Abound Financial LLC bought a new position in QUALCOMM during the 1st quarter valued at $39,000. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock worth $26,322,745 in the last quarter. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Trading Down 0.0%

Shares of QCOM opened at $161.74 on Wednesday. The business has a 50-day moving average of $160.98 and a 200 day moving average of $153.53. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm has a market cap of $174.52 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 2.36 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the firm posted $2.33 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on QCOM shares. Arete upgraded 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. Piper Sandler decreased their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of QUALCOMM in a research report on Wednesday, October 8th. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. One research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

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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