QUALCOMM Incorporated $QCOM is Matrix Asset Advisors Inc. NY's 6th Largest Position

Key Points

• Matrix Asset Advisors Inc. increased its stake in QUALCOMM by 8.9%, making it the firm's 6th largest position with holdings valued at approximately $33.08 million.
• CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM for around $24.83 million, significantly reducing his ownership by over 50%.
• QUALCOMM's recent quarterly earnings report showed an EPS of $2.77, beating estimates, and the company has forecasted Q4 2025 EPS between $2.750-2.950.

Matrix Asset Advisors Inc. NY raised its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 8.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 207,733 shares of the wireless technology company's stock after buying an additional 17,036 shares during the quarter. QUALCOMM accounts for 3.3% of Matrix Asset Advisors Inc. NY's portfolio, making the stock its 6th largest position. Matrix Asset Advisors Inc. NY's holdings in QUALCOMM were worth $33,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC lifted its position in shares of 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 worth $26,000 after purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in shares of 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 worth $26,000 after purchasing an additional 93 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in shares of QUALCOMM in the second quarter worth approximately $32,000. Atticus Wealth Management LLC lifted 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 worth $34,000 after purchasing an additional 212 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of QUALCOMM in the first quarter worth approximately $39,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the transaction, the chief accounting officer owned 404 shares in the company, valued at approximately $65,213.68. This trade represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Down 7.3%

NASDAQ:QCOM opened at $153.64 on Friday. The stock's 50 day moving average price is $160.39 and its 200 day moving average price is $153.45. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The company has a market capitalization of $165.77 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.24 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 (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the company posted $2.33 earnings per share. The company'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. On average, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Analysts Set New Price Targets

QCOM has been the subject of a number of research analyst reports. Arete raised 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. Mizuho reduced their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Piper Sandler dropped their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $182.82.

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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