Leo Wealth LLC Lowers Stock Position in QUALCOMM Incorporated $QCOM

Leo Wealth LLC lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 28.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,602 shares of the wireless technology company’s stock after selling 1,404 shares during the period. Leo Wealth LLC’s holdings in QUALCOMM were worth $574,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after buying an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after buying an additional 340 shares during the last quarter. GAMMA Investing LLC lifted its position in QUALCOMM by 35.4% during the first quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company’s stock valued at $3,263,000 after acquiring an additional 5,555 shares during the last quarter. Simon Quick Advisors LLC lifted its position in QUALCOMM by 84.9% during the first quarter. Simon Quick Advisors LLC now owns 8,169 shares of the wireless technology company’s stock valued at $1,255,000 after acquiring an additional 3,751 shares during the last quarter. Finally, Net Worth Advisory Group lifted its position in QUALCOMM by 2.4% during the first quarter. Net Worth Advisory Group now owns 4,485 shares of the wireless technology company’s stock valued at $689,000 after acquiring an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on QCOM. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Tuesday, August 26th. UBS Group increased 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. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, Bank of America decreased their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average target price of $182.82.

Insider Activity at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’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 completion of the transaction, the chief financial officer owned 39,874 shares of the company’s stock, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at $24,718,770.24. The trade was a 50.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock worth $26,322,745 in the last ninety days. 0.08% of the stock is owned by company insiders.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $165.66 on Friday. The firm has a market capitalization of $178.75 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The business has a fifty day moving average of $160.28 and a 200 day moving average of $153.52. 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the business posted $2.33 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share 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.