Kingswood Wealth Advisors LLC Decreases Stake in QUALCOMM Incorporated $QCOM

Kingswood Wealth Advisors LLC lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 59.1% during the second quarter, HoldingsChannel reports. The firm owned 23,736 shares of the wireless technology company’s stock after selling 34,350 shares during the period. Kingswood Wealth Advisors LLC’s holdings in QUALCOMM were worth $3,780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in QUALCOMM by 0.6% in the first quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company’s stock worth $17,568,141,000 after buying an additional 638,284 shares during the period. Kingstone Capital Partners Texas LLC grew its holdings in QUALCOMM by 656,661.0% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in QUALCOMM by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company’s stock valued at $1,600,976,000 after acquiring an additional 641,654 shares during the period. Invesco Ltd. increased its holdings in shares of QUALCOMM by 2.2% during the first quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company’s stock valued at $1,512,458,000 after purchasing an additional 215,900 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of QUALCOMM by 5.3% during the 1st quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company’s stock worth $1,441,847,000 after buying an additional 471,648 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Trading Down 0.3%

QUALCOMM stock opened at $168.62 on Tuesday. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. 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 stock 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. The company’s fifty day simple moving average is $159.66 and its 200-day simple moving average is $153.30.

QUALCOMM (NASDAQ:QCOM) last issued its 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 analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on QCOM shares. Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. Bank of America dropped their price target on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, June 17th. JPMorgan Chase & Co. raised their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an “outperform” rating in a report on Monday, July 28th. Finally, Citigroup reissued a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.82.

Insider Buying and Selling at QUALCOMM

In other news, CAO Patricia Y. Grech sold 273 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the sale, the chief accounting officer directly owned 404 shares in the company, valued at approximately $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction 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 completion of the sale, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock worth $26,322,745 in the last ninety days. Company insiders own 0.08% of the company’s stock.

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.