Generali Asset Management SPA SGR Sells 24,336 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Generali Asset Management SPA SGR lowered its stake in QUALCOMM by 31.1%, selling 24,336 shares, leaving it with 53,812 shares valued at approximately $8.57 million.
• A significant insider, CEO Cristiano R. Amon, sold 150,000 shares of QUALCOMM stock worth nearly $24.83 million, reducing his position by over 50%.
• Analyst ratings for QUALCOMM show favorable sentiments with a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

Generali Asset Management SPA SGR reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 31.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,812 shares of the wireless technology company's stock after selling 24,336 shares during the quarter. Generali Asset Management SPA SGR's holdings in QUALCOMM were worth $8,570,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in QUALCOMM by 565.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock worth $19,098,000 after buying an additional 105,631 shares during the last quarter. PFG Advisors increased its position in shares of QUALCOMM by 8.0% during the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock worth $663,000 after acquiring an additional 321 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of QUALCOMM by 3.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock worth $28,979,000 after acquiring an additional 6,017 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of QUALCOMM by 12.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock worth $203,904,000 after acquiring an additional 145,509 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in QUALCOMM by 0.5% in the 1st quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company's stock valued at $3,713,000 after acquiring an additional 129 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

QCOM has been the subject of several analyst reports. Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. Mizuho decreased their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Bank of America cut their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Finally, Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

Insider Buying and Selling at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction that occurred on Wednesday, October 1st. The shares were 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. The trade was a 50.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Neil Martin sold 791 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,767 shares of company stock valued at $26,322,745. Insiders own 0.08% of the company's stock.

QUALCOMM Trading Down 0.0%

Shares of QCOM stock opened at $161.74 on Wednesday. The company has a 50 day moving average of $160.98 and a 200-day moving average of $153.53. 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 $174.52 billion, a P/E ratio of 15.60, a PEG ratio of 2.36 and a beta of 1.23. 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 issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The business'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. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share 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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