Cypress Capital Group Sells 240 Shares of QUALCOMM Incorporated $QCOM

Cypress Capital Group reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,198 shares of the wireless technology company’s stock after selling 240 shares during the quarter. Cypress Capital Group’s holdings in QUALCOMM were worth $2,420,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QCOM. Brighton Jones LLC lifted its position in QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after acquiring an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after acquiring an additional 340 shares in the last quarter. GAMMA Investing LLC lifted its position in QUALCOMM by 35.4% during the 1st quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company’s stock worth $3,263,000 after buying an additional 5,555 shares in the last quarter. Krilogy Financial LLC lifted its position in QUALCOMM by 2.6% during the 1st quarter. Krilogy Financial LLC now owns 10,861 shares of the wireless technology company’s stock worth $1,668,000 after buying an additional 274 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in QUALCOMM by 11.7% during the 1st quarter. CVA Family Office LLC now owns 3,449 shares of the wireless technology company’s stock worth $530,000 after buying an additional 360 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

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 transaction, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer owned 404 shares in the company, valued at approximately $65,213.68. This trade represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,767 shares of company stock worth $26,322,745 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on QCOM. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Tuesday, August 26th. Citigroup reissued a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of QUALCOMM in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $182.82.

QUALCOMM Stock Down 7.3%

QUALCOMM stock opened at $153.64 on Monday. The firm has a market capitalization of $165.77 billion, a PE ratio of 14.82, a P/E/G ratio of 2.24 and a beta of 1.23. The company’s 50-day moving average is $160.39 and its 200-day moving average is $153.41. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data 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 net margin of 26.77% and a return on equity of 40.35%. QUALCOMM’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

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.