JB Capital LLC Has $10.09 Million Holdings in QUALCOMM Incorporated $QCOM

Key Points

• JB Capital LLC increased its stake in QUALCOMM Incorporated by 8.2%, owning 63,333 shares worth approximately $10.09 million at the end of the most recent quarter.
• Insider trading activity included Heather S. Ace selling 1,600 shares for around $234,240 and CFO Akash J. Palkhiwala selling 3,333 shares valued at approximately $522,814.
• QUALCOMM's latest earnings report showed $2.77 earnings per share, surpassing estimates, with year-over-year revenue growth of 10.4%.

JB Capital LLC lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 8.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,333 shares of the wireless technology company's stock after buying an additional 4,801 shares during the period. JB Capital LLC's holdings in QUALCOMM were worth $10,086,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of QUALCOMM by 70.0% in 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 in the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in shares of QUALCOMM by 122.4% in 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 in the last quarter. Chung Wu Investment Group LLC bought a new stake in QUALCOMM during the 2nd quarter worth approximately $32,000. Atticus Wealth Management LLC grew its position 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 acquiring an additional 212 shares during the last quarter. Finally, Abound Financial LLC bought a new stake in QUALCOMM during the 1st quarter worth approximately $39,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares of the company's stock, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock worth $26,322,745 over the last three months. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho decreased their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Bank of America decreased their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, June 17th. Finally, Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. One investment 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 company presently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $165.66 on Friday. The stock's fifty day simple moving average is $160.28 and its 200 day simple moving average is $153.52. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a market capitalization of $178.75 billion, a PE ratio of 15.97, a PEG ratio of 2.45 and a beta of 1.23. 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 (NASDAQ:QCOM - Get Free Report) last released its quarterly 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 the consensus estimate of $10.33 billion. During the same quarter last year, the business posted $2.33 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

About QUALCOMM

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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