Lynch Asset Management Inc. Sells 4,100 Shares of QUALCOMM Incorporated $QCOM

Lynch Asset Management Inc. lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 19.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,800 shares of the wireless technology company’s stock after selling 4,100 shares during the quarter. Lynch Asset Management Inc.’s holdings in QUALCOMM were worth $2,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in QUALCOMM by 2.8% in the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 21,565 shares of the wireless technology company’s stock worth $3,588,000 after buying an additional 585 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of QUALCOMM by 2.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 35,386 shares of the wireless technology company’s stock valued at $5,887,000 after acquiring an additional 816 shares in the last quarter. First Horizon Corp purchased a new position in QUALCOMM in the 3rd quarter worth approximately $2,033,000. Vicus Capital lifted its position in QUALCOMM by 2.4% in the 3rd quarter. Vicus Capital now owns 3,033 shares of the wireless technology company’s stock valued at $505,000 after acquiring an additional 71 shares in the last quarter. Finally, MGO One Seven LLC boosted its stake in QUALCOMM by 17.5% during the 3rd quarter. MGO One Seven LLC now owns 29,037 shares of the wireless technology company’s stock valued at $4,831,000 after purchasing an additional 4,333 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at QUALCOMM

In related news, EVP Alexander H. Rogers sold 15,917 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the transaction, the executive vice president directly owned 26,071 shares of the company’s stock, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $173.30, for a total value of $577,608.90. Following the sale, the executive vice president directly owned 38,932 shares of the company’s stock, valued at $6,746,915.60. This represents a 7.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,155 shares of company stock worth $9,267,593 over the last three months. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

NASDAQ QCOM opened at $177.78 on Monday. The company has a 50-day moving average price of $173.25 and a 200-day moving average price of $165.51. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $190.40 billion, a P/E ratio of 36.36, a PEG ratio of 3.89 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. During the same period in the previous year, the business posted $2.69 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several recent analyst reports. Citigroup boosted their price target on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. boosted their target price on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. UBS Group raised their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a research note on Monday, December 29th. Finally, Cowen restated a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and an average price target of $191.56.

QUALCOMM Profile

QUALCOMM Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.