Venturi Wealth Management LLC Boosts Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Venturi Wealth Management LLC increased its stake in QUALCOMM by 2.9% in Q2, owning 105,638 shares valued at $16.8 million.
• Insider selling activity included CAO Patricia Y. Grech and Heather S. Ace, who sold 201 and 1,600 shares respectively, significantly reducing their ownership.
• Wall Street analysts have set a target price range for QUALCOMM between $165.00 and $200.00, with a consensus rating of "Moderate Buy".

Venturi Wealth Management LLC grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,638 shares of the wireless technology company's stock after acquiring an additional 2,934 shares during the period. Venturi Wealth Management LLC's holdings in QUALCOMM were worth $16,824,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC increased 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 worth $26,000 after purchasing an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC increased 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 worth $26,000 after purchasing an additional 93 shares during the period. Chung Wu Investment Group LLC bought a new position in QUALCOMM in the second quarter valued at $32,000. Atticus Wealth Management LLC increased its stake in 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 acquiring an additional 212 shares during the last quarter. Finally, Abound Financial LLC bought a new position in QUALCOMM in the first quarter valued at $39,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total value of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares in the company, valued at $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock valued at $26,322,745 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on QCOM shares. Arete Research set a $200.00 target price on QUALCOMM in a research note on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. increased their target price on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, UBS Group increased their target price on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Stock Down 1.9%

Shares of NASDAQ:QCOM opened at $165.46 on Wednesday. The stock's 50-day moving average price is $159.73 and its 200-day moving average price is $153.39. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The stock has a market capitalization of $178.53 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 2.46 and a beta of 1.23. 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 announced its quarterly earnings data 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 analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current 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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