Knights of Columbus Asset Advisors LLC Lowers Position in QUALCOMM Incorporated $QCOM

Key Points

• Knights of Columbus Asset Advisors LLC reduced its position in QUALCOMM by 4.3%, now holding 55,636 shares worth approximately $8.86 million.
• Wall Street analysts have mixed ratings for QUALCOMM, with one calling it a Strong Buy, while the consensus price target is set at $182.82.
• In related news, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock, marking a nearly 50% decrease in his holdings.

Knights of Columbus Asset Advisors LLC trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,636 shares of the wireless technology company's stock after selling 2,526 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in QUALCOMM were worth $8,861,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. WFA Asset Management Corp purchased a new stake in shares of QUALCOMM during the 1st quarter worth about $27,000. Vermillion & White Wealth Management Group LLC raised its holdings in 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 purchasing an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings 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 purchasing an additional 70 shares during the period. Atticus Wealth Management LLC increased its position in shares of 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 buying an additional 212 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in shares of QUALCOMM during the 1st quarter worth approximately $39,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Mizuho cut their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. UBS Group boosted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Arete upgraded shares of 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. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a report on Saturday, September 27th. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. One research 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

Insiders Place Their Bets

In related news, CEO Cristiano R. Amon sold 150,000 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the sale, the chief executive officer owned 149,304 shares in the company, valued at approximately $24,718,770.24. The trade was a 50.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 201 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total value of $34,170.00. Following the transaction, the chief accounting officer owned 203 shares of the company's stock, valued at $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 159,767 shares of company stock valued at $26,322,745. Insiders own 0.08% of the company's stock.

QUALCOMM Price Performance

Shares of QCOM opened at $169.18 on Monday. The firm has a 50-day simple moving average of $159.51 and a two-hundred day simple moving average of $153.22. The stock has a market cap of $182.55 billion, a PE ratio of 16.31, 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. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the business posted $2.33 EPS. The business'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. As a group, analysts forecast 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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