Conning Inc. Raises Stock Position in QUALCOMM Incorporated $QCOM

Conning Inc. boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 234,745 shares of the wireless technology company’s stock after purchasing an additional 2,544 shares during the period. QUALCOMM makes up 1.3% of Conning Inc.’s holdings, making the stock its 11th largest holding. Conning Inc.’s holdings in QUALCOMM were worth $37,385,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of QCOM. Atlantic Edge Private Wealth Management LLC grew its stake 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 in the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in QUALCOMM by 122.4% during 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 acquiring an additional 93 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in QUALCOMM during the second quarter valued at approximately $32,000. Atticus Wealth Management LLC grew 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 in the last quarter. Finally, Abound Financial LLC purchased a new position in QUALCOMM during the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the business’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 value of $122,462.62. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 201 shares of the business’s stock in a transaction that occurred on 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 owned 203 shares of the company’s stock, valued at approximately $34,510. The trade was a 49.75% 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 worth $26,322,745. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Trading Down 7.3%

Shares of QCOM opened at $153.64 on Friday. The firm has a market cap of $165.77 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 2.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm has a 50 day moving average price of $160.39 and a 200-day moving average price of $153.48.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. The firm 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%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of QUALCOMM in a research report on Wednesday. UBS Group lifted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. lifted their target price 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. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Tuesday, August 26th. Finally, Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.82.

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.