Morey & Quinn Wealth Partners LLC Sells 690 Shares of QUALCOMM Incorporated $QCOM

Morey & Quinn Wealth Partners LLC lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,684 shares of the wireless technology company’s stock after selling 690 shares during the quarter. Morey & Quinn Wealth Partners LLC’s holdings in QUALCOMM were worth $427,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of QCOM. Kingstone Capital Partners Texas LLC grew its position in QUALCOMM by 656,661.0% in the 2nd 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 acquiring an additional 58,764,593 shares during the last quarter. Nuveen LLC bought a new position in QUALCOMM in the 1st quarter valued at $529,713,000. Goldman Sachs Group Inc. grew its position in QUALCOMM by 24.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock valued at $1,114,403,000 after acquiring an additional 1,407,797 shares during the last quarter. Assenagon Asset Management S.A. grew its position in QUALCOMM by 222.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company’s stock valued at $212,800,000 after acquiring an additional 956,311 shares during the last quarter. Finally, Deutsche Bank AG grew its position in QUALCOMM by 11.2% in the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock valued at $1,331,170,000 after acquiring an additional 875,412 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 1.4%

Shares of NASDAQ QCOM opened at $167.77 on Thursday. 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 stock has a market capitalization of $181.02 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The business has a fifty day moving average price of $159.90 and a 200 day moving average price of $153.49.

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

Insider Activity

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares in the company, valued at approximately $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 value of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This trade represents 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 worth $26,322,745 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

QCOM has been the topic of several research analyst reports. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. UBS Group upped their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. Citigroup reissued a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.