Blair William & Co. IL Has $69.77 Million Stock Position in QUALCOMM Incorporated $QCOM

Blair William & Co. IL cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 32.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 438,068 shares of the wireless technology company's stock after selling 211,605 shares during the period. Blair William & Co. IL's holdings in QUALCOMM were worth $69,767,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of QCOM. Vermillion & White Wealth Management Group LLC increased its position in shares of 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 worth $26,000 after purchasing an additional 93 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position 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 buying an additional 70 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in QUALCOMM during the second quarter worth about $32,000. Atticus Wealth Management LLC increased its holdings in shares of QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock worth $34,000 after buying an additional 212 shares in the last quarter. Finally, Abound Financial LLC acquired a new stake in shares of QUALCOMM during the first quarter worth approximately $39,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Trading Up 1.4%

Shares of QCOM opened at $167.77 on Thursday. The stock's fifty day simple moving average is $159.90 and its 200-day simple moving average is $153.49. The firm has a market capitalization of $181.02 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. 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 (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion during 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 company's revenue 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 predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on QCOM shares. Mizuho reduced their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. Piper Sandler decreased their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of QUALCOMM in a report on Wednesday. Finally, Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $182.82.

Insider Transactions at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer owned 149,304 shares of the company's stock, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is currently owned by company 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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