D.B. Root & Company LLC Lowers Stock Holdings in QUALCOMM Incorporated $QCOM

D.B. Root & Company LLC trimmed its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,836 shares of the wireless technology company’s stock after selling 408 shares during the period. D.B. Root & Company LLC’s holdings in QUALCOMM were worth $930,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp purchased a new stake in QUALCOMM in the 1st quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC boosted its position in 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 valued at $26,000 after buying an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in 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 valued at $26,000 after buying an additional 70 shares during the period. Chung Wu Investment Group LLC purchased a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. Finally, Atticus Wealth Management LLC boosted its position in QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 212 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on QCOM. Citigroup reissued a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research report on Tuesday, August 26th. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QUALCOMM in a research report on Saturday, September 27th. Finally, Bank of America lowered their price target on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus target price of $182.82.

Insider Transactions at QUALCOMM

In other news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the 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 in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Trading Up 0.2%

Shares of QUALCOMM stock opened at $169.18 on Monday. 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. The firm has a market capitalization of $182.55 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 2.47 and a beta of 1.23. The firm’s 50 day simple moving average is $159.51 and its two-hundred day simple moving average is $153.22.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results 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 business had revenue of $10.37 billion for 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 revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

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.