QUALCOMM Incorporated $QCOM Shares Purchased by Castle Rock Wealth Management LLC

Key Points

• Castle Rock Wealth Management LLC increased its holdings in QUALCOMM by 65.0%, acquiring 4,792 additional shares, bringing their total to 12,159 shares valued at approximately $1.94 million.
• Insider sales included 1,600 shares sold by Heather S. Ace and 3,333 shares sold by CFO Akash J. Palkhiwala, reflecting decreases in their positions by 7.02% and 7.71% respectively.
• QUALCOMM has a market capitalization of $178.53 billion and reported a $2.77 EPS for the last quarter, surpassing analyst estimates.

Castle Rock Wealth Management LLC boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 65.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,159 shares of the wireless technology company's stock after purchasing an additional 4,792 shares during the period. Castle Rock Wealth Management LLC's holdings in QUALCOMM were worth $1,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC lifted its position 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 valued at $26,000 after acquiring an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in shares of QUALCOMM by 70.0% during the 1st 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 during the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of QUALCOMM during the 2nd quarter worth approximately $32,000. 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 last quarter. Finally, Abound Financial LLC acquired a new position in shares of QUALCOMM during the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insiders Place Their Bets

In other news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the sale, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction dated 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 sale, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 159,767 shares of company stock worth $26,322,745. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $165.46 on Wednesday. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The firm has a market capitalization of $178.53 billion, a P/E ratio of 15.96, a P/E/G ratio of 2.46 and a beta of 1.23. The company's fifty day moving average price is $159.73 and its two-hundred day moving average price is $153.39.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping 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 firm had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the business posted $2.33 EPS. The firm'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. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on QCOM shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of QUALCOMM in a research note on Saturday, September 27th. UBS Group lifted 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. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Mizuho lowered their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, Bank of America lowered 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus 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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