QUALCOMM Incorporated $QCOM Shares Acquired by Roberts Wealth Advisors LLC

Key Points

• Roberts Wealth Advisors LLC increased its holdings in QUALCOMM by 6.2%, owning over 32,000 shares valued at approximately $5.1 million, making it the firm's 20th largest holding.
• Insider selling has occurred, with CFO Akash J. Palkhiwala selling over 3,300 shares, representing a 7.71% decrease in ownership, indicating potential confidence fluctuations among current executives.
• Wall Street analysts have mixed reviews on QUALCOMM, with ratings ranging from "Strong Buy" to "Sell," and an average price target of $182.82 for the stock.

Roberts Wealth Advisors LLC boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,057 shares of the wireless technology company's stock after purchasing an additional 1,858 shares during the quarter. QUALCOMM makes up about 1.5% of Roberts Wealth Advisors LLC's investment portfolio, making the stock its 20th largest holding. Roberts Wealth Advisors LLC's holdings in QUALCOMM were worth $5,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of QCOM. WFA Asset Management Corp acquired a new stake in QUALCOMM during the first quarter worth about $27,000. Vermillion & White Wealth Management Group LLC boosted its stake in 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 valued at $26,000 after acquiring an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of 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 valued at $26,000 after purchasing an additional 70 shares during the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of QUALCOMM during the 2nd quarter worth approximately $32,000. Finally, Atticus Wealth Management LLC raised its position in shares of QUALCOMM by 21,200.0% during the 2nd 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 during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Neil Martin sold 791 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,767 shares of company stock worth $26,322,745. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of analyst reports. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. UBS Group boosted their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Piper Sandler lowered their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Tuesday, August 26th. Finally, Mizuho cut 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Price Performance

Shares of QCOM opened at $168.62 on Tuesday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The stock's fifty day moving average is $159.66 and its 200-day moving average is $153.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The firm has a market capitalization of $181.94 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23.

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, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts anticipate 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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