2,943 Shares in QUALCOMM Incorporated $QCOM Purchased by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC has acquired a new stake in QUALCOMM Incorporated, purchasing 2,943 shares valued at approximately $469,000.
• Overall, 74.35% of QUALCOMM's stock is owned by institutional investors, with various hedge funds significantly increasing their holdings recently.
• QUALCOMM reported earnings of $2.77 per share for the last quarter, exceeding the consensus estimate and indicating a 10.4% increase in revenue year-over-year.

Turtle Creek Wealth Advisors LLC acquired a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,943 shares of the wireless technology company's stock, valued at approximately $469,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Brighton Jones LLC increased its holdings in QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after buying an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after purchasing an additional 340 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of QUALCOMM by 35.4% during the first quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company's stock valued at $3,263,000 after purchasing an additional 5,555 shares during the last quarter. LifeWealth Investments LLC bought a new position in shares of QUALCOMM during the first quarter valued at approximately $248,000. Finally, Steel Grove Capital Advisors LLC grew its holdings in shares of QUALCOMM by 14.7% during the first quarter. Steel Grove Capital Advisors LLC now owns 2,242 shares of the wireless technology company's stock valued at $344,000 after purchasing an additional 288 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Insider Activity at QUALCOMM

In other news, CAO Patricia Y. Grech sold 201 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the transaction, the chief accounting officer directly owned 203 shares of the company's stock, valued at $34,510. The trade was a 49.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business'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 value of $522,814.38. Following the completion of the transaction, the chief financial officer directly 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. In the last ninety days, insiders sold 159,767 shares of company stock valued at $26,322,745. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Price Performance

QCOM opened at $164.08 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The stock has a fifty day moving average of $161.68 and a 200-day moving average of $153.67. The firm has a market capitalization of $177.04 billion, a P/E ratio of 15.82, a PEG ratio of 2.37 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the company earned $2.33 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on QCOM. JPMorgan Chase & Co. upped their target price on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a report on Tuesday, August 26th. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $182.82.

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.

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