QUALCOMM Incorporated $QCOM Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its holdings in QUALCOMM by 210.9%, acquiring an additional 17,400 shares, valuing its total stake at approximately $4.1 million.
• Other institutional investors, such as Kingstone Capital Partners, drastically increased their investments in QUALCOMM, with Kingstone's stake growing by an extraordinary 656,661.0% during the second quarter.
• Insider transactions revealed that CEO Cristiano R. Amon sold 150,000 shares for about $24.8 million, indicating a significant reduction in his ownership of the stock.

Callan Family Office LLC grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 210.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,652 shares of the wireless technology company's stock after acquiring an additional 17,400 shares during the period. Callan Family Office LLC's holdings in QUALCOMM were worth $4,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its stake in shares of QUALCOMM by 656,661.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock worth $9,360,274,000 after purchasing an additional 58,764,593 shares in the last quarter. Nuveen LLC acquired a new position in shares of QUALCOMM during the first quarter worth $529,713,000. Goldman Sachs Group Inc. grew its stake in shares of QUALCOMM by 24.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock worth $1,114,403,000 after purchasing an additional 1,407,797 shares in the last quarter. Deutsche Bank AG grew its stake in shares of QUALCOMM by 11.2% during the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock worth $1,331,170,000 after purchasing an additional 875,412 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of QUALCOMM by 84.6% during the first quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company's stock worth $230,444,000 after purchasing an additional 707,615 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity

In related news, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $161.42, for a total transaction of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares of the company's stock, valued at $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction dated 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 directly owned 149,304 shares of the company's stock, valued at $24,718,770.24. This represents a 50.12% 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 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Price Performance

Shares of QCOM opened at $153.64 on Friday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a market capitalization of $165.77 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.42 and a beta of 1.23. The firm has a 50-day simple moving average of $160.39 and a 200-day simple moving average of $153.48. 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 earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share 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 business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the firm earned $2.33 earnings per share. The business's quarterly 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. On average, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on QCOM. 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 Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Bank of America decreased their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, QUALCOMM presently has an average rating of "Moderate Buy" and an average price target 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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