Kingswood Wealth Advisors LLC Cuts Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Kingswood Wealth Advisors LLC has significantly reduced its holdings in QUALCOMM by 59.1%, selling 34,350 shares in the second quarter and leaving them with a total of 23,736 shares.
• QUALCOMM's latest quarterly earnings showed an EPS of $2.77, surpassing analyst expectations, with revenues of $10.37 billion, marking a 10.4% year-over-year increase.
• Institutional investors own 74.35% of QUALCOMM's stock, highlighting strong interest from hedge funds and investment firms in the company.

Kingswood Wealth Advisors LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 59.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,736 shares of the wireless technology company's stock after selling 34,350 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in QUALCOMM were worth $3,780,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC increased its position in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its stake in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 93 shares during the period. WFA Asset Management Corp acquired a new position in QUALCOMM in the first quarter valued at approximately $27,000. Chung Wu Investment Group LLC purchased a new position in shares of QUALCOMM during the 2nd quarter worth $32,000. Finally, Atticus Wealth Management LLC boosted its position 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 worth $34,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $168.62 on Tuesday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company's 50-day moving average price is $159.66 and its 200 day moving average price is $153.30. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The stock has a market cap of $181.94 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.47 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced 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. The company 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 for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America dropped their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Mizuho decreased their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. UBS Group upped their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Rosenblatt Securities restated a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was 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 owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock worth $26,322,745 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

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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