Cullinan Associates Inc. Buys 5,465 Shares of QUALCOMM Incorporated $QCOM

Cullinan Associates Inc. raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 18.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 35,895 shares of the wireless technology company’s stock after purchasing an additional 5,465 shares during the quarter. Cullinan Associates Inc.’s holdings in QUALCOMM were worth $5,717,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of QUALCOMM by 0.6% in the 1st 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 period. Kingstone Capital Partners Texas LLC lifted its holdings in QUALCOMM by 656,661.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after acquiring an additional 58,764,593 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in QUALCOMM by 6.6% during 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 worth $1,600,976,000 after acquiring an additional 641,654 shares in the last quarter. Invesco Ltd. grew its stake in 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 acquiring an additional 215,900 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings 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 worth $1,441,847,000 after acquiring an additional 471,648 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

QCOM opened at $169.18 on Monday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock has a market cap of $182.55 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 2.47 and a beta of 1.23. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The business has a 50 day moving average of $159.51 and a 200-day moving average of $153.22.

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

Insider Buying and Selling at QUALCOMM

In related news, CAO Patricia Y. Grech sold 201 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total value of $34,170.00. Following the transaction, the chief accounting officer owned 203 shares in the company, valued at approximately $34,510. This represents a 49.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Neil Martin sold 791 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock worth $26,322,745 in the last ninety days. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group lifted their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. 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 assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price 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.