Welch Group LLC Has $59.87 Million Stake in QUALCOMM Incorporated $QCOM

Key Points

• Welch Group LLC has increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.6%, now holding nearly $59.87 million worth of shares, which makes up about 2.5% of its portfolio.
• QUALCOMM recently reported quarterly earnings of $2.77 EPS, exceeding consensus estimates, with a revenue of $10.37 billion, marking a 10.4% increase year-over-year.
• The stock has seen varied analyst ratings, with an average rating of "Moderate Buy" and an average target price of $182.82.

Welch Group LLC raised its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 375,898 shares of the wireless technology company's stock after purchasing an additional 13,099 shares during the period. QUALCOMM accounts for approximately 2.5% of Welch Group LLC's portfolio, making the stock its 16th largest position. Welch Group LLC's holdings in QUALCOMM were worth $59,865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC lifted its position in shares of QUALCOMM by 70.0% in the 1st 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 lifted its position in shares of QUALCOMM by 122.4% in the 1st 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 acquired a new position in shares of QUALCOMM in the 2nd quarter worth approximately $32,000. Atticus Wealth Management LLC lifted its position in shares of QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock worth $34,000 after purchasing an additional 212 shares during the period. Finally, Abound Financial LLC acquired a new position in shares of QUALCOMM in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $153.64 on Monday. The firm has a market capitalization of $165.77 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The firm has a fifty day simple moving average of $160.39 and a two-hundred day simple moving average of $153.41. 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 Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research report on Wednesday, October 8th. Mizuho dropped their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Piper Sandler dropped their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Finally, Bank of America dropped their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $182.82.

Insider Buying and Selling at QUALCOMM

In other news, 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 value of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the sale, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock worth $26,322,745 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.