Cwm LLC Sells 8,859 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Cwm LLC sold 8,859 shares of QUALCOMM Incorporated, reducing its holdings by 5.1% to a total of 164,989 shares, valued at approximately $26.3 million.
• Several hedge funds have made significant moves, with Kingstone Capital Partners increasing its holdings in QUALCOMM by an astonishing 656,661.0%.
• Analysts maintain a consensus rating of "Moderate Buy" on QUALCOMM, setting a target price around $182.82, with varying opinions on future performance from multiple firms.

Cwm LLC reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 164,989 shares of the wireless technology company's stock after selling 8,859 shares during the period. Cwm LLC's holdings in QUALCOMM were worth $26,276,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in QCOM. Kingstone Capital Partners Texas LLC grew its holdings in QUALCOMM by 656,661.0% during 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 buying an additional 58,764,593 shares in the last quarter. Nuveen LLC purchased a new position in QUALCOMM during the 1st quarter valued at about $529,713,000. Goldman Sachs Group Inc. grew its holdings 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 in the last quarter. Deutsche Bank AG grew its holdings 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 in the last quarter. Finally, AQR Capital Management LLC grew its holdings 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 in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete Research set a $200.00 target price on QUALCOMM in a report on Tuesday, August 26th. UBS Group lifted their target price on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the sale, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the business'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 completion of the sale, the insider owned 21,193 shares of the company's stock, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock worth $26,322,745 over the last ninety days. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Trading Down 7.3%

Shares of QCOM stock opened at $153.64 on Monday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $160.39 and a two-hundred day moving average price of $153.41. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The firm has a market cap of $165.77 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The company 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%.QUALCOMM's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

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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