Granite Group Advisors LLC Buys 1,253 Shares of QUALCOMM Incorporated $QCOM

Granite Group Advisors LLC increased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,032 shares of the wireless technology company’s stock after acquiring an additional 1,253 shares during the quarter. QUALCOMM comprises approximately 1.5% of Granite Group Advisors LLC’s holdings, making the stock its 12th biggest position. Granite Group Advisors LLC’s holdings in QUALCOMM were worth $2,553,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its position in shares of QUALCOMM by 7.6% in the second quarter. Ritholtz Wealth Management now owns 22,067 shares of the wireless technology company’s stock worth $3,514,000 after purchasing an additional 1,560 shares during the period. Private Wealth Asset Management LLC lifted its stake in shares of QUALCOMM by 9.5% during the 2nd quarter. Private Wealth Asset Management LLC now owns 3,323 shares of the wireless technology company’s stock valued at $529,000 after buying an additional 288 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of QUALCOMM by 5.2% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 13,319 shares of the wireless technology company’s stock valued at $2,121,000 after buying an additional 657 shares in the last quarter. Cypress Wealth Services LLC boosted its holdings in QUALCOMM by 26.2% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,672 shares of the wireless technology company’s stock worth $266,000 after buying an additional 347 shares during the period. Finally, Innova Wealth Partners increased its stake in QUALCOMM by 18.9% in the 2nd quarter. Innova Wealth Partners now owns 2,451 shares of the wireless technology company’s stock worth $390,000 after buying an additional 389 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 0.0%

NASDAQ QCOM opened at $161.74 on Wednesday. The stock has a 50 day moving average price of $160.98 and a 200-day moving average price of $153.53. 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 quick ratio of 2.38 and a current ratio of 3.19. The company has a market capitalization of $174.52 billion, a P/E ratio of 15.60, a P/E/G ratio of 2.36 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to analysts’ expectations 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 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Insider Activity

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, the insider directly owned 21,193 shares of the company’s stock, valued at $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the sale, the chief financial officer directly owned 39,874 shares of the company’s stock, valued at $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on QCOM shares. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Tuesday, August 26th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. Citigroup reiterated a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Finally, Piper Sandler dropped their target price on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. One research 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.