Grimes & Company Inc. Sells 3,547 Shares of QUALCOMM Incorporated $QCOM

Grimes & Company Inc. trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,626 shares of the wireless technology company’s stock after selling 3,547 shares during the period. QUALCOMM makes up 0.8% of Grimes & Company Inc.’s portfolio, making the stock its 24th biggest holding. Grimes & Company Inc.’s holdings in QUALCOMM were worth $28,766,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC boosted its holdings in QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC lifted its stake 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 valued at $26,000 after buying an additional 93 shares during the period. WFA Asset Management Corp acquired a new stake in QUALCOMM during the first quarter worth about $27,000. Atticus Wealth Management LLC increased its stake in QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after acquiring an additional 212 shares during the period. Finally, Abound Financial LLC bought a new position in QUALCOMM during the first quarter valued at about $39,000. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Neil Martin sold 791 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

QCOM has been the topic of several research reports. Rosenblatt Securities restated a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. Arete Research set a $200.00 price target on QUALCOMM in a research note on Tuesday, August 26th. Bank of America lowered their price target on QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, June 17th. Weiss Ratings restated a “hold (c+)” rating on shares of QUALCOMM in a research note on Saturday, September 27th. Finally, Piper Sandler dropped their price target 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 equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $182.82.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $169.18 on Monday. 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 has a market cap of $182.55 billion, a P/E ratio of 16.31, a P/E/G ratio of 2.47 and a beta of 1.23. The firm has a 50 day simple moving average of $159.51 and a 200 day simple moving average of $153.22. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share 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 revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal 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.