Leith Wheeler Investment Counsel Ltd. Sells 210,214 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Leith Wheeler Investment Counsel Ltd. significantly reduced its stake in QUALCOMM Incorporated, selling 210,214 shares during the second quarter, resulting in a 99.4% decrease in ownership.
• Several institutional investors, including MOKAN Wealth Management Inc. and Hazlett Burt & Watson Inc., have recently increased their holdings in QUALCOMM, highlighting ongoing interest from investment firms.
• CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock, indicating a 50.12% decrease in his ownership, while also insiders sold a total of 159,767 shares in the last three months.

Leith Wheeler Investment Counsel Ltd. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 99.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,359 shares of the wireless technology company's stock after selling 210,214 shares during the period. Leith Wheeler Investment Counsel Ltd.'s holdings in QUALCOMM were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MOKAN Wealth Management Inc. raised its position in shares of QUALCOMM by 14.9% during the second quarter. MOKAN Wealth Management Inc. now owns 9,494 shares of the wireless technology company's stock valued at $1,512,000 after buying an additional 1,233 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of QUALCOMM by 10.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 3,753 shares of the wireless technology company's stock valued at $599,000 after buying an additional 349 shares during the last quarter. Ellis Investment Partners LLC raised its position in shares of QUALCOMM by 5.3% during the second quarter. Ellis Investment Partners LLC now owns 17,758 shares of the wireless technology company's stock valued at $2,828,000 after buying an additional 887 shares during the last quarter. CCG Wealth Management LLC raised its position in shares of QUALCOMM by 11.3% during the second quarter. CCG Wealth Management LLC now owns 3,869 shares of the wireless technology company's stock valued at $616,000 after buying an additional 392 shares during the last quarter. Finally, GW Henssler & Associates Ltd. raised its position in shares of QUALCOMM by 1.8% during the second quarter. GW Henssler & Associates Ltd. now owns 159,898 shares of the wireless technology company's stock valued at $25,465,000 after buying an additional 2,838 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

QUALCOMM Trading Down 7.3%

QCOM stock opened at $153.64 on Monday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The stock has a market capitalization of $165.77 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The firm's fifty day simple moving average is $160.39 and its two-hundred day simple moving average is $153.41.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the business posted $2.33 earnings per share. The business's 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. As a group, analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the transaction, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,767 shares of company stock valued at $26,322,745. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on QCOM shares. Mizuho reduced their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Finally, Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

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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