Verdence Capital Advisors LLC Acquires 3,486 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Verdence Capital Advisors LLC has increased its stake in QUALCOMM by 8.2%, acquiring an additional 3,486 shares in the second quarter, bringing its total holdings to $7.3 million.
• Multiple institutional investors have adjusted their holdings in QUALCOMM, with 74.35% of the stock currently owned by institutional investors.
• QUALCOMM recently reported $2.77 earnings per share (EPS) for the last quarter, exceeding analysts' estimates and marking a 10.4% increase in revenue compared to the previous year.

Verdence Capital Advisors LLC grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,863 shares of the wireless technology company's stock after acquiring an additional 3,486 shares during the quarter. Verdence Capital Advisors LLC's holdings in QUALCOMM were worth $7,304,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of QCOM. Wealth Architects LLC grew its stake in QUALCOMM by 3.9% in the 2nd quarter. Wealth Architects LLC now owns 2,030 shares of the wireless technology company's stock worth $323,000 after buying an additional 76 shares in the last quarter. Astoria Portfolio Advisors LLC. raised its position in shares of QUALCOMM by 2.7% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 10,507 shares of the wireless technology company's stock valued at $1,669,000 after buying an additional 275 shares in the last quarter. Concord Asset Management LLC VA lifted its holdings in shares of QUALCOMM by 15.7% during the 2nd quarter. Concord Asset Management LLC VA now owns 6,183 shares of the wireless technology company's stock worth $985,000 after acquiring an additional 841 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in QUALCOMM by 7.5% in the second quarter. Sequoia Financial Advisors LLC now owns 125,831 shares of the wireless technology company's stock worth $20,040,000 after acquiring an additional 8,777 shares in the last quarter. Finally, Vest Financial LLC increased its stake in QUALCOMM by 22.0% in the second quarter. Vest Financial LLC now owns 240,876 shares of the wireless technology company's stock valued at $38,362,000 after acquiring an additional 43,483 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on QCOM shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research report on Wednesday, October 8th. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Mizuho reduced their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

Insider Transactions at QUALCOMM

In related news, CAO Patricia Y. Grech sold 201 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the transaction, the chief accounting officer directly owned 203 shares of the company's stock, valued at approximately $34,510. This trade represents a 49.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares of the company's stock, valued at approximately $24,718,770.24. The trade was a 50.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock worth $26,322,745 over the last three months. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

NASDAQ QCOM opened at $153.64 on Monday. The company has a 50-day moving average price of $160.39 and a 200-day moving average price of $153.41. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. 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 capitalization of $165.77 billion, a P/E ratio of 14.82, a PEG ratio of 2.24 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm posted $2.33 earnings per share. The firm'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. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current 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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