Perfromance Wealth Partners LLC Has $589,000 Holdings in QUALCOMM Incorporated $QCOM

Perfromance Wealth Partners LLC decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 25.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,700 shares of the wireless technology company’s stock after selling 1,235 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in QUALCOMM were worth $589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC lifted its position in QUALCOMM by 4.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 30,444 shares of the wireless technology company’s stock worth $4,848,000 after buying an additional 1,348 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of QUALCOMM by 7.8% in the second quarter. Revolve Wealth Partners LLC now owns 2,744 shares of the wireless technology company’s stock valued at $437,000 after acquiring an additional 199 shares during the last quarter. Cornerstone Wealth Group LLC raised its holdings in QUALCOMM by 5.8% during the second quarter. Cornerstone Wealth Group LLC now owns 38,213 shares of the wireless technology company’s stock worth $6,086,000 after acquiring an additional 2,098 shares in the last quarter. Hudson Capital Management LLC boosted its position in QUALCOMM by 3.5% during the second quarter. Hudson Capital Management LLC now owns 28,975 shares of the wireless technology company’s stock valued at $4,615,000 after purchasing an additional 971 shares during the last quarter. Finally, NorthRock Partners LLC boosted its position in QUALCOMM by 10.7% during the second quarter. NorthRock Partners LLC now owns 14,249 shares of the wireless technology company’s stock valued at $2,269,000 after purchasing an additional 1,372 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 159,767 shares of company stock valued at $26,322,745. Company insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 5.3%

QCOM stock opened at $161.78 on Tuesday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The stock has a market cap of $174.56 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The company has a fifty day moving average price of $160.68 and a two-hundred day moving average price of $153.48. 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 issued 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. 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%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of QUALCOMM in a research note on Wednesday, October 8th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research report on Tuesday, August 26th. Bank of America cut their price target on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, June 17th. JPMorgan Chase & Co. boosted their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.