Yousif Capital Management LLC Has $23.29 Million Position in QUALCOMM Incorporated $QCOM

Yousif Capital Management LLC lowered its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 146,244 shares of the wireless technology company’s stock after selling 2,026 shares during the period. Yousif Capital Management LLC’s holdings in QUALCOMM were worth $23,291,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in QCOM. Atlantic Edge Private Wealth Management LLC increased its holdings in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after buying an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after buying an additional 93 shares during the last quarter. Chung Wu Investment Group LLC acquired a new position in QUALCOMM in the second quarter worth approximately $32,000. Atticus Wealth Management LLC increased its holdings in QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after buying an additional 212 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in QUALCOMM in the first quarter worth approximately $39,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the sale, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Neil Martin sold 791 shares of QUALCOMM 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 sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. 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 Trading Down 7.3%

Shares of QUALCOMM stock opened at $153.64 on Monday. The company’s fifty day simple moving average is $160.39 and its 200-day simple moving average is $153.41. The company has a market cap of $165.77 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 2.24 and a beta of 1.23. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Analysts Set New Price Targets

QCOM has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of QUALCOMM in a report on Wednesday, October 8th. Bank of America lowered their price target on QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, June 17th. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. UBS Group increased their price target on QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Finally, Citigroup reiterated a “hold” rating on shares of QUALCOMM in a 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 assigned a Sell rating to the stock. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and an average target price of $182.82.

QUALCOMM Company 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.