Cyndeo Wealth Partners LLC Sells 803 Shares of QUALCOMM Incorporated $QCOM

Cyndeo Wealth Partners LLC trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 18.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,513 shares of the wireless technology company’s stock after selling 803 shares during the period. Cyndeo Wealth Partners LLC’s holdings in QUALCOMM were worth $559,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in QCOM. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of QUALCOMM by 565.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock worth $19,098,000 after buying an additional 105,631 shares during the period. PFG Advisors boosted its holdings in shares of QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock worth $663,000 after buying an additional 321 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of QUALCOMM by 3.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company’s stock worth $28,979,000 after buying an additional 6,017 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of QUALCOMM by 12.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock worth $203,904,000 after buying an additional 145,509 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in shares of QUALCOMM by 0.5% during the 1st quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company’s stock worth $3,713,000 after buying an additional 129 shares during the period. 74.35% of the stock is owned by institutional investors.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $153.64 on Friday. The company has a 50-day moving average of $160.39 and a 200-day moving average of $153.45. The company has a market capitalization of $165.77 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 2.24 and a beta of 1.23. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. 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 (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of QUALCOMM in a report on Wednesday. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, Citigroup reissued a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average price target of $182.82.

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the firm’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 transaction, the insider directly owned 21,193 shares of the company’s stock, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was 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 of the company’s stock, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

About QUALCOMM

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.