QUALCOMM Incorporated $QCOM Stock Holdings Increased by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. increased its holdings in QUALCOMM by 58.4% during the second quarter, currently owning 42,019 shares valued at approximately $6.69 million.
• Several analysts have set new target prices for QUALCOMM, with estimates ranging from $165.00 to $225.00, while the average consensus target price stands at $182.82.
• QUALCOMM reported a quarterly EPS of $2.77, surpassing expectations, with a year-over-year revenue increase of 10.4% to $10.37 billion.

Shell Asset Management Co. grew its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 58.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,019 shares of the wireless technology company's stock after purchasing an additional 15,485 shares during the period. Shell Asset Management Co.'s holdings in QUALCOMM were worth $6,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Advantage Inc. lifted its holdings in QUALCOMM by 2.8% during the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock worth $375,000 after buying an additional 64 shares during the period. Rise Advisors LLC lifted its stake in shares of QUALCOMM by 6.7% in the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock worth $161,000 after acquiring an additional 66 shares during the period. Bell Investment Advisors Inc increased its position in QUALCOMM by 4.6% during the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock valued at $231,000 after purchasing an additional 66 shares during the period. Collaborative Wealth Managment Inc. boosted its stake in shares of QUALCOMM by 5.1% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after purchasing an additional 69 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its position in shares of QUALCOMM by 0.3% during the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after buying an additional 69 shares during the period. Institutional investors own 74.35% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on QCOM shares. Arete Research set a $200.00 target price on shares of QUALCOMM in a report on Tuesday, August 26th. JPMorgan Chase & Co. raised their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research note on Saturday, September 27th. Finally, UBS Group increased 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. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the company's stock in a transaction 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 owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, the insider owned 21,193 shares of the company's stock, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $168.62 on Tuesday. The stock has a market cap of $181.94 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.47 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 fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm's 50-day simple moving average is $159.66 and its 200 day simple moving average is $153.30.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.