Invictus Private Wealth LLC Decreases Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Invictus Private Wealth LLC significantly reduced its holdings in QUALCOMM by 75.1%, now owning 1,441 shares worth approximately $229,000 after selling 4,351 shares in the 2nd quarter.
• Several other hedge funds have altered their positions in QUALCOMM, with notable increases from Atlantic Edge and Vermillion & White, reflecting a 74.35% ownership of the stock by institutional investors.
• Analysts have set varying price targets for QUALCOMM, with consensus around $182.82, including upgrades from brokerages like JPMorgan, which raised its target from $190.00 to $200.00.

Invictus Private Wealth LLC trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 75.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,441 shares of the wireless technology company's stock after selling 4,351 shares during the quarter. Invictus Private Wealth LLC's holdings in QUALCOMM were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in QCOM. Atlantic Edge Private Wealth Management LLC increased its stake in shares of 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 worth $26,000 after buying an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC boosted its stake 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 valued at $26,000 after purchasing an additional 93 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM during the 2nd quarter valued at about $32,000. Atticus Wealth Management LLC boosted its stake in shares of QUALCOMM by 21,200.0% during the 2nd 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 in the last quarter. Finally, Abound Financial LLC bought a new stake in shares of QUALCOMM during the 1st quarter valued at about $39,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on QCOM. Arete Research set a $200.00 target price on shares of QUALCOMM in a research note on Tuesday, August 26th. JPMorgan Chase & Co. lifted their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Mizuho cut their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $182.82.

Insider Buying and Selling

In related news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% 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 quarter. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Down 7.3%

NASDAQ:QCOM opened at $153.64 on Friday. The firm's 50-day moving average price is $160.39 and its 200-day moving average price is $153.48. The company has a market capitalization of $165.77 billion, a PE ratio of 14.82, a P/E/G ratio of 2.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10.

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 firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company's revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts predict 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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