Independent Solutions Wealth Management LLC Lowers Stock Position in QUALCOMM Incorporated $QCOM

Independent Solutions Wealth Management LLC lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,991 shares of the wireless technology company’s stock after selling 325 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in QUALCOMM were worth $2,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC raised its position in QUALCOMM by 656,661.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after buying an additional 58,764,593 shares during the last quarter. Nuveen LLC purchased a new stake in QUALCOMM in the 1st quarter valued at approximately $529,713,000. Goldman Sachs Group Inc. increased its position in QUALCOMM by 24.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock worth $1,114,403,000 after purchasing an additional 1,407,797 shares during the period. Assenagon Asset Management S.A. boosted its holdings in QUALCOMM by 222.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company’s stock worth $212,800,000 after buying an additional 956,311 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock valued at $1,331,170,000 after purchasing an additional 875,412 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $161.42, for a total transaction of $44,067.66. Following the completion of the sale, the chief accounting officer owned 404 shares of the company’s stock, valued at approximately $65,213.68. This represents a 40.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $168.62 on Tuesday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The company has a market cap of $181.94 billion, a P/E ratio of 16.26, a P/E/G ratio of 2.47 and a beta of 1.23. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm’s 50 day moving average is $159.66 and its two-hundred day moving average is $153.30.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the previous year, the company earned $2.33 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several recent research reports. Citigroup reiterated a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of QUALCOMM in a research report on Saturday, September 27th. Piper Sandler lowered their target price on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, July 31st. Finally, Arete Research set a $200.00 price target on QUALCOMM in a report on Tuesday, August 26th. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

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.