S Bank Fund Management Ltd Trims Holdings in QUALCOMM Incorporated $QCOM

Key Points

• S Bank Fund Management Ltd has reduced its holdings in QUALCOMM Incorporated by 12.7%, now owning 20,468 shares worth approximately $3.26 million.
• Institutional investors own 74.35% of QUALCOMM's stock, with several firms, including Vermillion & White Wealth Management Group and Atticus Wealth Management, increasing their holdings significantly in recent quarters.
• QUALCOMM's stock has a current market cap of $175.84 billion and a recent earnings report showed a year-over-year revenue increase of 10.4%, with an EPS of $2.77.

S Bank Fund Management Ltd lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 12.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,468 shares of the wireless technology company's stock after selling 2,982 shares during the period. S Bank Fund Management Ltd's holdings in QUALCOMM were worth $3,260,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC grew its holdings 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 valued at $26,000 after purchasing an additional 93 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of QUALCOMM by 70.0% in 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 in the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of QUALCOMM in the second quarter valued at approximately $32,000. Harbor Asset Planning Inc. acquired a new position in shares of QUALCOMM in the second quarter valued at approximately $32,000. Finally, Atticus Wealth Management LLC grew its holdings 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 valued at $34,000 after purchasing an additional 212 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the company's 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 completion of the sale, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. This represents a 7.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. 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 90 days. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a report on Tuesday, August 26th. 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 report on Thursday, July 31st. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Trading Up 0.8%

Shares of QUALCOMM stock opened at $162.97 on Thursday. The company has a fifty day simple moving average of $161.32 and a 200-day simple moving average of $153.60. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month 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 $175.84 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.36 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) 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 business had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the prior year, the business posted $2.33 EPS. The company'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. On average, equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal 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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