QUALCOMM Incorporated $QCOM Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC decreased its holdings in QUALCOMM by 7.8%, owning 32,182 shares valued at $5.12 million after selling 2,736 shares in the 2nd quarter.
• QUALCOMM reported earnings of $2.77 per share for the last quarter, exceeding analyst expectations of $2.71, with revenues up 10.4% year-over-year.
• CEO Cristiano Amon sold 150,000 shares at an average price of $165.56, resulting in a significant reduction of over 50% in his stock position.

Inspire Investing LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,182 shares of the wireless technology company's stock after selling 2,736 shares during the quarter. QUALCOMM makes up 0.6% of Inspire Investing LLC's portfolio, making the stock its 29th biggest position. Inspire Investing LLC's holdings in QUALCOMM were worth $5,125,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC lifted its stake 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 valued at $26,000 after purchasing an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased 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 purchasing an additional 93 shares during the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of QUALCOMM during the 2nd quarter worth $32,000. Atticus Wealth Management LLC increased its stake 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 QUALCOMM in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Trading Down 7.3%

QCOM stock opened at $153.64 on Friday. The company has a market capitalization of $165.77 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.42 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 52 week low of $120.80 and a 52 week high of $182.10. The company's 50-day simple moving average is $160.39 and its 200 day simple moving average is $153.48.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating 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 company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the company posted $2.33 EPS. The firm'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. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insider Activity at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the sale, the chief executive officer directly owned 149,304 shares of the company's stock, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the sale, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock worth $26,322,745 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on QCOM. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. UBS Group lifted their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Mizuho lowered 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. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of QUALCOMM in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

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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