Sax Wealth Advisors LLC Raises Stock Holdings in QUALCOMM Incorporated $QCOM

Sax Wealth Advisors LLC lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 16.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,774 shares of the wireless technology company’s stock after acquiring an additional 246 shares during the quarter. Sax Wealth Advisors LLC’s holdings in QUALCOMM were worth $282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of QUALCOMM by 565.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock valued at $19,098,000 after acquiring an additional 105,631 shares during the last quarter. PFG Advisors increased its position in shares of QUALCOMM by 8.0% during the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock valued at $663,000 after acquiring an additional 321 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of QUALCOMM by 3.3% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company’s stock valued at $28,979,000 after acquiring an additional 6,017 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in QUALCOMM by 12.3% during the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock valued at $203,904,000 after purchasing an additional 145,509 shares during the period. Finally, Manchester Capital Management LLC grew its holdings in QUALCOMM by 0.5% during the first quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company’s stock valued at $3,713,000 after purchasing an additional 129 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Price Performance

QUALCOMM stock opened at $165.66 on Friday. The firm has a market capitalization of $178.75 billion, a P/E ratio of 15.97, a PEG ratio of 2.45 and a beta of 1.23. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The business has a fifty day moving average price of $160.28 and a 200-day moving average price of $153.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data 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. The company had revenue of $10.37 billion during the quarter, compared to analyst estimates 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 quarter last year, the company earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Insider Activity at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The transaction 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 QUALCOMM stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares of the company’s stock, valued at $171,230.92. This represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock valued at $26,322,745 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

QCOM has been the subject of several research reports. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a 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. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an “outperform” rating in a report on Monday, July 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of QUALCOMM in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.