Stiles Financial Services Inc Boosts Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Stiles Financial Services Inc increased its stake in QUALCOMM by 6.8% in Q2, holding 30,162 shares valued at $4.8 million, making it the 9th largest position in their portfolio.
• Analyst ratings for QUALCOMM show a mix of sentiments, with one "Strong Buy," twelve "Buy," ten "Hold," and one "Sell," highlighting its average target price of $182.82.
• CEO Cristiano R. Amon sold 150,000 shares for approximately $24.83 million, representing a significant decrease in his ownership, with insiders having offloaded nearly $26.32 million in shares over the last 90 days.

Stiles Financial Services Inc lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,162 shares of the wireless technology company's stock after purchasing an additional 1,917 shares during the period. QUALCOMM accounts for 1.7% of Stiles Financial Services Inc's portfolio, making the stock its 9th largest holding. Stiles Financial Services Inc's holdings in QUALCOMM were worth $4,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in QCOM. Brighton Jones LLC increased its position in shares of QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after buying an additional 9,343 shares during the period. Revolve Wealth Partners LLC grew its holdings in QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares during the period. GAMMA Investing LLC grew its holdings in QUALCOMM by 35.4% in the first quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company's stock worth $3,263,000 after purchasing an additional 5,555 shares during the period. Simon Quick Advisors LLC lifted its stake in shares of QUALCOMM by 84.9% in the first quarter. Simon Quick Advisors LLC now owns 8,169 shares of the wireless technology company's stock valued at $1,255,000 after buying an additional 3,751 shares in the last quarter. Finally, Net Worth Advisory Group lifted its stake in shares of QUALCOMM by 2.4% in the first quarter. Net Worth Advisory Group now owns 4,485 shares of the wireless technology company's stock valued at $689,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $182.82.

Insider Activity at QUALCOMM

In other news, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction that occurred 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 sale, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction that occurred 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 sale, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was 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 in the last 90 days. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $165.66 on Friday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company's 50-day moving average is $160.28 and its 200 day moving average is $153.52. The company has a market capitalization of $178.75 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.45 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 (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, beating analysts' consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Company 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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