CFM Wealth Partners LLC Cuts Stake in QUALCOMM Incorporated $QCOM

Key Points

• CFM Wealth Partners LLC has reduced its stake in QUALCOMM by 39.6%, now holding 4,019 shares worth approximately $640,000 after selling 2,632 shares in the second quarter.
• Multiple institutional investors have increased their holdings in QUALCOMM, with Atticus Wealth Management LLC growing its stake by a remarkable 21,200% during the same period.
• QUALCOMM recently reported earnings that surpassed expectations, with a 10.4% increase in quarterly revenue compared to the previous year, signaling positive growth in the wireless technology sector.

CFM Wealth Partners LLC lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 39.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,019 shares of the wireless technology company's stock after selling 2,632 shares during the period. CFM Wealth Partners LLC's holdings in QUALCOMM were worth $640,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp purchased a new position in shares of QUALCOMM during the first quarter valued at $27,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after buying an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC increased its stake in shares of QUALCOMM by 70.0% during 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 during the period. Chung Wu Investment Group LLC bought a new stake in QUALCOMM during the second quarter valued at about $32,000. Finally, Atticus Wealth Management LLC grew its stake in QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock valued at $34,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on QCOM. Bank of America cut their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Arete Research set a $200.00 target price on QUALCOMM in a research note on Tuesday, August 26th. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research note on Saturday, September 27th. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

Insiders Place Their Bets

In related news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the sale, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Patricia Y. Grech sold 201 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $34,510. This represents a 49.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $168.62 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company has a market cap of $181.94 billion, a PE ratio of 16.26, a P/E/G ratio of 2.47 and a beta of 1.23. The business has a 50-day simple moving average of $159.66 and a two-hundred day simple moving average of $153.30. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week 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 for the quarter, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal 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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