Wilmington Savings Fund Society FSB Trims Holdings in QUALCOMM Incorporated $QCOM

Wilmington Savings Fund Society FSB decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,242 shares of the wireless technology company’s stock after selling 939 shares during the period. Wilmington Savings Fund Society FSB’s holdings in QUALCOMM were worth $8,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Advantage Inc. increased its stake in QUALCOMM by 2.8% in the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock worth $375,000 after purchasing an additional 64 shares during the period. Rise Advisors LLC increased its stake in shares of QUALCOMM by 6.7% during the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company’s stock valued at $161,000 after buying an additional 66 shares during the period. Bell Investment Advisors Inc increased its stake in shares of QUALCOMM by 4.6% during the first quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company’s stock valued at $231,000 after buying an additional 66 shares during the period. Collaborative Wealth Managment Inc. increased its stake in shares of QUALCOMM by 5.1% during the first quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company’s stock valued at $217,000 after buying an additional 69 shares during the period. Finally, Thoroughbred Financial Services LLC increased its stake in shares of QUALCOMM by 0.3% during the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company’s stock valued at $3,879,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $161.78 on Tuesday. 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 $174.56 billion, a PE ratio of 15.60, a P/E/G ratio of 2.24 and a beta of 1.23. The business has a 50-day simple moving average of $160.68 and a two-hundred day simple moving average of $153.48. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results 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 business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on QCOM. Citigroup restated a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. Bank of America cut their price target on QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, June 17th. Piper Sandler cut their target price on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an “outperform” rating in a research note on Monday, July 28th. One investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.82.

Insider Activity

In related news, CAO Patricia Y. Grech sold 201 shares of QUALCOMM stock in a transaction dated 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 $34,510. The trade was a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 791 shares of QUALCOMM 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 transaction, the chief accounting officer owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is owned by insiders.

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.