Baxter Bros Inc. Reduces Holdings in QUALCOMM Incorporated $QCOM

Baxter Bros Inc. reduced its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,257 shares of the wireless technology company's stock after selling 4,784 shares during the period. QUALCOMM accounts for about 2.1% of Baxter Bros Inc.'s investment portfolio, making the stock its 14th largest holding. Baxter Bros Inc.'s holdings in QUALCOMM were worth $17,560,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of QCOM. Capital Advantage Inc. lifted its stake in QUALCOMM by 2.8% during the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock valued at $375,000 after acquiring an additional 64 shares during the period. Rise Advisors LLC lifted its stake in QUALCOMM by 6.7% during the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock valued at $161,000 after acquiring an additional 66 shares during the period. Bell Investment Advisors Inc lifted its stake in QUALCOMM by 4.6% during the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock valued at $231,000 after acquiring an additional 66 shares during the period. Collaborative Wealth Managment Inc. lifted its stake in QUALCOMM by 5.1% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after acquiring an additional 69 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its stake in QUALCOMM by 0.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock valued at $3,879,000 after acquiring an additional 69 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on QCOM shares. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Bank of America decreased their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a research note on Tuesday, August 26th. Piper Sandler decreased their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $167.77 on Thursday. 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 firm has a market cap of $181.02 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a 50 day moving average price of $159.90 and a 200-day moving average price of $153.49. 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 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. The firm 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%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 201 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $170.00, for a total value of $34,170.00. Following the completion of the sale, the chief accounting officer owned 203 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the sale, the chief financial officer directly owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock worth $26,322,745 in the last 90 days. 0.08% of the stock is owned by insiders.

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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