Capital Advisors Inc. OK Grows Position in QUALCOMM Incorporated $QCOM

Key Points

• Capital Advisors Inc. OK increased its stake in QUALCOMM (QCOM) by 53.5%, owning 6,970 shares worth about $1.11 million after acquiring 2,428 shares in the second quarter.
• Several other institutional investors also purchased shares, with Kingstone Capital Partners Texas LLC owning 58.77 million shares valued at approximately $9.36 billion after a major acquisition.
• QUALCOMM's stock received positive ratings from analysts with a consensus rating of "Moderate Buy" and an average target price of $182.82.

Capital Advisors Inc. OK boosted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 53.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,970 shares of the wireless technology company's stock after purchasing an additional 2,428 shares during the period. Capital Advisors Inc. OK's holdings in QUALCOMM were worth $1,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its position in shares of QUALCOMM by 656,661.0% in the second 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 acquiring an additional 58,764,593 shares in the last quarter. Nuveen LLC purchased a new position in shares of QUALCOMM in the first quarter valued at about $529,713,000. Goldman Sachs Group Inc. lifted its position in shares of QUALCOMM by 24.1% in the first 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 acquiring an additional 1,407,797 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of QUALCOMM by 222.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company's stock valued at $212,800,000 after acquiring an additional 956,311 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock valued at $1,331,170,000 after acquiring an additional 875,412 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Neil Martin sold 791 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. This represents 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 through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock valued at $26,322,745 over the last 90 days. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several research analyst reports. Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a research report on Tuesday, August 26th. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Mizuho decreased their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, QUALCOMM has a consensus rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Trading Up 0.2%

QCOM opened at $169.18 on Monday. The stock has a market cap of $182.55 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 2.47 and a beta of 1.23. The stock's 50 day moving average price is $159.51 and its 200-day moving average price is $153.22. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. 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 released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

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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