QUALCOMM Incorporated $QCOM Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,260,982 shares of the wireless technology company's stock after selling 33,347 shares during the quarter. US Bancorp DE owned 0.11% of QUALCOMM worth $200,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC lifted its stake 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 worth $26,000 after purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in shares of 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 worth $26,000 after acquiring an additional 93 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of QUALCOMM in the second quarter worth about $32,000. Atticus Wealth Management LLC lifted its stake in shares of QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock worth $34,000 after acquiring an additional 212 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in shares of QUALCOMM in the first quarter worth about $39,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insiders Place Their Bets

In related news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Neil Martin sold 791 shares of the 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 completion of the transaction, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on QCOM. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday. Mizuho cut their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Finally, Bank of America cut their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Stock Up 1.4%

NASDAQ:QCOM opened at $167.77 on Thursday. The firm has a market capitalization of $181.02 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The stock has a 50 day moving average of $159.90 and a 200-day moving average of $153.49. 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.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the company earned $2.33 earnings per share. The business'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. Analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

About QUALCOMM

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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