Allspring Global Investments Holdings LLC Sells 106,870 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Allspring Global Investments reduced its stake in QUALCOMM by 23.0% in Q2, selling 106,870 shares, leaving it with 357,446 shares valued at approximately $56.98 million as of the latest SEC filing.
• Notably, Kingstone Capital Partners increased its position in QUALCOMM by a massive 656,661% during the same quarter, acquiring over 58 million additional shares valued at nearly $9.36 billion.
• QUALCOMM's stock has a consensus rating of "Moderate Buy" with a price target of $182.82, as analysts adjust their ratings amid fluctuating market conditions.

Allspring Global Investments Holdings LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 23.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 357,446 shares of the wireless technology company's stock after selling 106,870 shares during the period. Allspring Global Investments Holdings LLC's holdings in QUALCOMM were worth $56,977,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in QCOM. Kingstone Capital Partners Texas LLC boosted its stake in shares of QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares in the last quarter. Nuveen LLC purchased a new stake in shares of QUALCOMM in the 1st quarter valued at $529,713,000. Goldman Sachs Group Inc. boosted its position in QUALCOMM by 24.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock valued at $1,114,403,000 after buying an additional 1,407,797 shares during the period. Deutsche Bank AG boosted its position in QUALCOMM by 11.2% during the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock valued at $1,331,170,000 after buying an additional 875,412 shares during the period. Finally, AQR Capital Management LLC boosted its position in QUALCOMM by 84.6% during the 1st quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company's stock valued at $230,444,000 after buying an additional 707,615 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on QCOM shares. Piper Sandler dropped their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. UBS Group increased their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a research report on Wednesday, October 8th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. One investment 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Down 0.0%

Shares of QUALCOMM stock opened at $161.74 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company has a 50-day moving average of $160.98 and a 200 day moving average of $153.53. The firm has a market cap of $174.52 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.36 and a beta of 1.23. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares in the company, valued at approximately $34,510. This trade represents a 49.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 791 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 159,767 shares of company stock worth $26,322,745 in the last 90 days. Insiders own 0.08% of the company's stock.

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.

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