QUALCOMM Incorporated $QCOM Shares Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors LLC reduced its holdings in QUALCOMM by 9.4%, owning 36,590 shares worth approximately $5.83 million after selling 3,809 shares in Q2 2023.
• Institutional investors now own 74.35% of QUALCOMM's stock, with significant increases in holdings reported by Kingstone Capital Partners and Goldman Sachs during the same period.
• Analyst ratings for QUALCOMM show a consensus of "Moderate Buy", with target prices ranging from $175 to $200, indicating a mixed outlook for the company's stock performance.

Prime Capital Investment Advisors LLC lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 9.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,590 shares of the wireless technology company's stock after selling 3,809 shares during the period. Prime Capital Investment Advisors LLC's holdings in QUALCOMM were worth $5,827,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC boosted its holdings 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 valued at $9,360,274,000 after acquiring an additional 58,764,593 shares during the period. Nuveen LLC bought a new stake in QUALCOMM in the 1st quarter valued at about $529,713,000. Goldman Sachs Group Inc. boosted its stake in QUALCOMM by 24.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock valued at $1,114,403,000 after purchasing an additional 1,407,797 shares during the period. Assenagon Asset Management S.A. grew its position in QUALCOMM by 222.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company's stock worth $212,800,000 after purchasing an additional 956,311 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock valued at $1,331,170,000 after purchasing an additional 875,412 shares during the period. Institutional investors own 74.35% of the company's stock.

Analysts Set New Price Targets

QCOM has been the subject of several analyst reports. Piper Sandler reduced their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Bank of America decreased their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. Weiss Ratings restated a "hold (c+)" rating on shares of QUALCOMM in a research note on Saturday, September 27th. Finally, Mizuho reduced their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $182.82.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 273 shares of the company's stock in a transaction on Friday, September 12th. The stock was 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 of the company's stock, valued at approximately $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Tuesday, September 2nd. The shares were 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 of the company's stock, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock valued at $26,322,745 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $168.62 on Tuesday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock has a market cap of $181.94 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23. The company's 50-day moving average price is $159.66 and its two-hundred day moving average price is $153.30.

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, beating 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 company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the firm posted $2.33 EPS. The business's revenue for the quarter was up 10.4% on a year-over-year basis. 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 EPS for the current fiscal year.

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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