Merit Financial Group LLC Has $8.46 Million Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Merit Financial Group LLC increased its holdings in QUALCOMM by 44.8%, now owning 53,100 shares worth approximately $8.46 million as of the latest SEC filing.
• Multiple **institutional investors** have adjusted their stakes in QUALCOMM, with notable increases by Atlantic Edge Private Wealth Management and Vermillion & White Wealth Management, among others.
• Wall Street analysts show a positive outlook for QUALCOMM, with a consensus rating of "Moderate Buy" and price targets ranging from $185.00 to $225.00.

Merit Financial Group LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 44.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,100 shares of the wireless technology company's stock after buying an additional 16,437 shares during the quarter. Merit Financial Group LLC's holdings in QUALCOMM were worth $8,457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. Atlantic Edge Private Wealth Management LLC increased its position in 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 buying an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in shares of QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 93 shares during the period. WFA Asset Management Corp acquired a new position in shares of QUALCOMM during the 1st quarter worth approximately $27,000. Atticus Wealth Management LLC raised its stake in QUALCOMM by 21,200.0% in the 2nd 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 period. Finally, Abound Financial LLC acquired a new stake in QUALCOMM during the 1st quarter valued at $39,000. 74.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on QCOM. JPMorgan Chase & Co. upped their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Arete upgraded 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. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of QUALCOMM in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $169.18 on Monday. The firm's fifty day moving average price is $159.51 and its two-hundred day moving average price is $153.22. The stock has a market cap of $182.55 billion, a PE ratio of 16.31, a PEG ratio of 2.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm'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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is currently owned by 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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