KLP Kapitalforvaltning AS Purchases 13,900 Shares of QUALCOMM Incorporated $QCOM

Key Points

• KLP Kapitalforvaltning AS increased its holdings in QUALCOMM by 2.3%, acquiring an additional 13,900 shares during the second quarter, bringing its total ownership to approximately $98.2 million.
• Institutional investors now own 74.35% of QUALCOMM's stock, with several firms increasing their stakes significantly, including Atticus Wealth Management, which raised its stake by 21,200%.
• QUALCOMM recently reported a 10.4% year-over-year revenue growth, with earnings per share of $2.77, surpassing analyst expectations of $2.71.

KLP Kapitalforvaltning AS lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 616,500 shares of the wireless technology company's stock after purchasing an additional 13,900 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.06% of QUALCOMM worth $98,184,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC increased its stake in 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 valued at $26,000 after acquiring an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its stake in QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 93 shares during the last quarter. WFA Asset Management Corp bought a new position in QUALCOMM in the first quarter valued at $27,000. Chung Wu Investment Group LLC bought a new position in QUALCOMM in the second quarter valued at $32,000. Finally, Atticus Wealth Management LLC increased its stake in QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock valued at $34,000 after acquiring an additional 212 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In other news, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares in the company, valued at approximately $34,510. This represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, the insider owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock valued at $26,322,745 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on QCOM shares. Bank of America reduced their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research note on Tuesday, August 26th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of QUALCOMM in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Performance

QUALCOMM stock 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 firm has a 50-day moving average of $159.66 and a 200-day moving average of $153.30. The firm has a market cap of $181.94 billion, a P/E ratio of 16.26, a P/E/G ratio of 2.47 and a beta of 1.23. 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 posted 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 company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM 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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