Ritholtz Wealth Management Raises Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Ritholtz Wealth Management increased its holdings in QUALCOMM by 7.6% during the second quarter, now owning 22,067 shares worth $3,514,000.
• Several brokerages have recently adjusted their price targets for QUALCOMM, with UBS raising it from $145 to $165 and JPMorgan from $190 to $200, as analysts rate the stock overall as a "Moderate Buy."
• Insider trading activity included CEO Cristiano R. Amon selling 150,000 shares for approximately $24.8 million, marking a significant decrease in his ownership of the stock.

Ritholtz Wealth Management raised its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,067 shares of the wireless technology company's stock after purchasing an additional 1,560 shares during the quarter. Ritholtz Wealth Management's holdings in QUALCOMM were worth $3,514,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after buying an additional 9,343 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after acquiring an additional 340 shares during the period. GAMMA Investing LLC raised its stake in shares of QUALCOMM by 35.4% in the 1st quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company's stock valued at $3,263,000 after acquiring an additional 5,555 shares during the period. Grove Bank & Trust raised its position in QUALCOMM by 43.4% in the first quarter. Grove Bank & Trust now owns 4,252 shares of the wireless technology company's stock valued at $653,000 after purchasing an additional 1,286 shares during the period. Finally, Inscription Capital LLC purchased a new position in QUALCOMM in the first quarter valued at about $401,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on QCOM. UBS Group raised their target price on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday, October 8th. Piper Sandler dropped their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. 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, QUALCOMM currently has an average rating of "Moderate Buy" and an average price target of $182.82.

Insiders Place Their Bets

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Friday, August 1st. The shares were 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 approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,767 shares of company stock worth $26,322,745. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Stock Up 0.8%

Shares of QUALCOMM stock opened at $162.97 on Thursday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $175.84 billion, a P/E ratio of 15.72, a P/E/G ratio of 2.36 and a beta of 1.23. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The business has a 50-day moving average price of $161.32 and a 200 day moving average price of $153.60.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced 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 return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the company earned $2.33 earnings per share. QUALCOMM's quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, sell-side analysts forecast 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.

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