QUALCOMM Incorporated $QCOM Shares Acquired by RFG Advisory LLC

RFG Advisory LLC increased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 24.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,486 shares of the wireless technology company’s stock after buying an additional 6,762 shares during the period. RFG Advisory LLC’s holdings in QUALCOMM were worth $5,492,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of QUALCOMM by 0.6% in the first quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company’s stock valued at $17,568,141,000 after buying an additional 638,284 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its position in shares of QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after buying an additional 58,764,593 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of QUALCOMM by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company’s stock valued at $1,600,976,000 after buying an additional 641,654 shares during the last quarter. Invesco Ltd. raised its position in shares of QUALCOMM by 2.2% in the first quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company’s stock valued at $1,512,458,000 after buying an additional 215,900 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of QUALCOMM by 5.3% in the first quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company’s stock valued at $1,441,847,000 after buying an additional 471,648 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer directly owned 39,874 shares of the company’s stock, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 791 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction 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. The trade was a 41.70% 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 over the last quarter. 0.08% of the stock is owned by insiders.

QUALCOMM Trading Up 5.3%

Shares of QCOM stock opened at $161.78 on Tuesday. 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 quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm’s 50 day moving average price is $160.68 and its two-hundred day moving average price is $153.48.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on QCOM. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. Citigroup restated a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of QUALCOMM in a report on Wednesday, October 8th. Finally, UBS Group boosted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 21st. One research 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 given a Sell rating to the company. Based on data from MarketBeat, QUALCOMM presently has a consensus 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.