Ipswich Investment Management Co. Inc. Cuts Stake in QUALCOMM Incorporated $QCOM

Key Points

• Ipswich Investment Management Co. Inc. reduced its stake in QUALCOMM (QCOM) by 46.1% in the second quarter, now holding 3,362 shares valued at approximately $535,000.
• Multiple institutional investors have adjusted their positions in QUALCOMM, with Capital Advantage Inc. increasing its stake by 2.8% during the same quarter.
• JPMorgan Chase & Co. raised their price target for QUALCOMM to $200, reflecting strong analyst confidence with a consensus rating of "Moderate Buy" and an average target price of $182.82.

Ipswich Investment Management Co. Inc. reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 46.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,362 shares of the wireless technology company's stock after selling 2,871 shares during the quarter. Ipswich Investment Management Co. Inc.'s holdings in QUALCOMM were worth $535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Capital Advantage Inc. boosted its position in shares of QUALCOMM by 2.8% during the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock valued at $375,000 after acquiring an additional 64 shares during the last quarter. Rise Advisors LLC boosted its position in shares of QUALCOMM by 6.7% during the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock valued at $161,000 after acquiring an additional 66 shares during the last quarter. Bell Investment Advisors Inc boosted its position in shares of QUALCOMM by 4.6% during the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock valued at $231,000 after acquiring an additional 66 shares during the last quarter. Collaborative Wealth Managment Inc. boosted its position in shares of QUALCOMM by 5.1% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after acquiring an additional 69 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its position in shares of QUALCOMM by 0.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock valued at $3,879,000 after acquiring an additional 69 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other QUALCOMM news, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the transaction, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of company stock worth $2,026,291 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $169.20 on Friday. The firm has a market cap of $182.57 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.46 and a beta of 1.21. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The stock's fifty day moving average price is $158.67 and its 200-day moving average price is $152.87.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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 company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM's payout ratio is 34.33%.

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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