Iowa State Bank Sells 13,978 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Iowa State Bank significantly reduced its position in QUALCOMM by selling 13,978 shares, resulting in an 80.7% decrease, leaving it with 3,348 shares valued at approximately $533,000.
• Various institutional investors have shown mixed activity with QUALCOMM, with some raising their holdings significantly, such as Atticus Wealth Management increasing its stake by over 21,200% during the second quarter.
• In analyst ratings, QUALCOMM has a consensus rating of "Moderate Buy", with average target prices varying but staying under $200, indicating caution among analysts despite recent positive earnings reports.

Iowa State Bank decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 80.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,348 shares of the wireless technology company's stock after selling 13,978 shares during the quarter. Iowa State Bank's holdings in QUALCOMM were worth $533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp bought a new position in QUALCOMM during the 1st quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC raised its holdings in 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 worth $26,000 after buying an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings in QUALCOMM by 70.0% during the 1st 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. Chung Wu Investment Group LLC acquired a new stake in QUALCOMM during the 2nd quarter worth approximately $32,000. Finally, Atticus Wealth Management LLC raised its holdings in QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock worth $34,000 after buying an additional 212 shares during the period. Institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on QCOM shares. Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Weiss Ratings restated a "hold (c+)" rating on shares of QUALCOMM in a report on Saturday, September 27th. Piper Sandler dropped their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. UBS Group raised their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Rosenblatt Securities restated a "buy" rating and set a $225.00 target price 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, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer directly owned 39,874 shares of the company's stock, valued at $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. 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. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Up 0.2%

QCOM stock opened at $169.18 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company has a fifty day moving average price of $159.51 and a two-hundred day moving average price of $153.22. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The stock has a market cap of $182.55 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the previous year, the business posted $2.33 earnings per share. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. 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 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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