Meritage Portfolio Management Reduces Position in QUALCOMM Incorporated $QCOM

Meritage Portfolio Management trimmed its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,142 shares of the wireless technology company’s stock after selling 662 shares during the quarter. Meritage Portfolio Management’s holdings in QUALCOMM were worth $7,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of QCOM. Brighton Jones LLC increased its stake 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 purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC increased its stake 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 purchasing an additional 340 shares in the last quarter. GAMMA Investing LLC increased its stake in QUALCOMM by 35.4% in the 1st quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company’s stock valued at $3,263,000 after purchasing an additional 5,555 shares in the last quarter. Everhart Financial Group Inc. increased its stake in QUALCOMM by 67.2% in the 1st quarter. Everhart Financial Group Inc. now owns 4,646 shares of the wireless technology company’s stock valued at $714,000 after purchasing an additional 1,868 shares in the last quarter. Finally, Krilogy Financial LLC increased its stake in QUALCOMM by 2.6% in the 1st quarter. Krilogy Financial LLC now owns 10,861 shares of the wireless technology company’s stock valued at $1,668,000 after purchasing an additional 274 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Patricia Y. Grech sold 201 shares of QUALCOMM stock in a transaction on Monday, September 22nd. The shares were 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 $34,510. The trade was a 49.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

QCOM has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. Arete Research set a $200.00 price target on QUALCOMM in a research report on Tuesday, August 26th. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Bank of America dropped their price target on QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, June 17th. Finally, Citigroup reissued a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.82.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $153.64 on Friday. The company has a market cap of $165.77 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.24 and a beta of 1.23. 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 Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The business has a fifty day simple moving average of $160.39 and a 200-day simple moving average of $153.45.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

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.