Welch Group LLC Grows Position in QUALCOMM Incorporated $QCOM

Welch Group LLC raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 375,898 shares of the wireless technology company’s stock after acquiring an additional 13,099 shares during the quarter. QUALCOMM comprises approximately 2.5% of Welch Group LLC’s holdings, making the stock its 16th biggest position. Welch Group LLC’s holdings in QUALCOMM were worth $59,865,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC lifted 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 buying an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted 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 buying an additional 93 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in shares of QUALCOMM in the second quarter worth about $32,000. Atticus Wealth Management LLC lifted 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 worth $34,000 after buying an additional 212 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of QUALCOMM in the first quarter worth about $39,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Stock Down 7.3%

Shares of NASDAQ QCOM opened at $153.64 on Monday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The firm’s 50 day simple moving average is $160.39 and its two-hundred day simple moving average is $153.41. The stock 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) last issued 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. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the business earned $2.33 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. This represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on QCOM. 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. UBS Group increased their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Mizuho lowered their price target 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. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Tuesday, August 26th. Finally, Citigroup restated a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued 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.

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.