Alpha Financial Partners LLC Sells 201 Shares of QUALCOMM Incorporated $QCOM

Alpha Financial Partners LLC cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 13.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,295 shares of the wireless technology company’s stock after selling 201 shares during the period. Alpha Financial Partners LLC’s holdings in QUALCOMM were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of QUALCOMM by 565.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock worth $19,098,000 after acquiring an additional 105,631 shares during the last quarter. PFG Advisors raised its stake in shares of QUALCOMM by 8.0% in the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock worth $663,000 after acquiring an additional 321 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position 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. grew its position 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 grew its position 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 Stock Performance

Shares of QCOM stock opened at $153.64 on Friday. The firm 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. The company’s fifty day simple moving average is $160.39 and its 200-day simple moving average is $153.45. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

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 research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Neil Martin sold 791 shares of the company’s stock in a transaction dated 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 directly owned 1,106 shares in the company, valued at approximately $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock valued at $26,322,745 in the last three months. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of QUALCOMM in a research report on Wednesday. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Tuesday, August 26th. Citigroup reiterated a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. lifted 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average 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.