QUALCOMM Incorporated $QCOM Shares Purchased by OFI Invest Asset Management

OFI Invest Asset Management increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,383 shares of the wireless technology company’s stock after acquiring an additional 209 shares during the period. OFI Invest Asset Management’s holdings in QUALCOMM were worth $12,802,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC grew its stake in QUALCOMM by 122.4% in the 1st 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 during the period. Atlantic Edge Private Wealth Management LLC grew its stake in QUALCOMM by 70.0% in the 1st 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 during the period. Chung Wu Investment Group LLC acquired a new stake in QUALCOMM in the 2nd quarter valued at $32,000. Atticus Wealth Management LLC grew its stake in QUALCOMM by 21,200.0% in the 2nd 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 during the period. Finally, Abound Financial LLC acquired a new stake in QUALCOMM in the 1st quarter valued at $39,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $153.64 on Friday. The business has a 50-day simple moving average of $160.39 and a 200-day simple moving average of $153.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company has a market cap of $165.77 billion, a PE ratio of 14.82, a P/E/G 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 quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the company earned $2.33 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 value of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 201 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the completion of the transaction, the chief accounting officer owned 203 shares in the company, valued at approximately $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock valued at $26,322,745 in the last three months. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on QCOM shares. JPMorgan Chase & Co. lifted their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. Bank of America lowered their target price on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, June 17th. Arete Research set a $200.00 target price on shares of QUALCOMM in a research note on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QUALCOMM in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $182.82.

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.