TD Asset Management Inc Has $332.18 Million Holdings in QUALCOMM Incorporated $QCOM

TD Asset Management Inc lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,085,752 shares of the wireless technology company’s stock after selling 8,702 shares during the period. TD Asset Management Inc owned 0.19% of QUALCOMM worth $332,177,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of QCOM. Vermillion & White Wealth Management Group LLC lifted its holdings in 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. Atlantic Edge Private Wealth Management LLC lifted its holdings in QUALCOMM by 70.0% in 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 buying an additional 70 shares during the period. Chung Wu Investment Group LLC acquired a new position in QUALCOMM in the second quarter valued at $32,000. Atticus Wealth Management LLC lifted its holdings in QUALCOMM by 21,200.0% in the second 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. Finally, Abound Financial LLC acquired a new position in QUALCOMM in the first quarter valued at $39,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Patricia Y. Grech sold 201 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares of the company’s stock, valued at $34,510. The trade was a 49.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock valued at $26,322,745 over the last quarter. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of QUALCOMM in a report on Wednesday, October 8th. Piper Sandler decreased their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Citigroup reaffirmed a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. UBS Group lifted their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Finally, Mizuho decreased their price target on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.82.

QUALCOMM Trading Up 5.3%

NASDAQ:QCOM opened at $161.78 on Tuesday. 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 50-day moving average of $160.68 and a 200-day moving average of $153.48. The company has a market cap of $174.56 billion, a PE ratio of 15.60, a PEG ratio of 2.24 and a beta of 1.23. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10.

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

QUALCOMM 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.