Grimes & Company Inc. Sells 3,547 Shares of QUALCOMM Incorporated $QCOM

Grimes & Company Inc. trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,626 shares of the wireless technology company’s stock after selling 3,547 shares during the quarter. QUALCOMM accounts for 0.8% of Grimes & Company Inc.’s portfolio, making the stock its 24th largest position. Grimes & Company Inc.’s holdings in QUALCOMM were worth $28,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Brighton Jones LLC boosted 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 worth $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC boosted 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 worth $391,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of QUALCOMM by 54.1% during the first quarter. Sivia Capital Partners LLC now owns 2,305 shares of the wireless technology company’s stock worth $354,000 after purchasing an additional 809 shares in the last quarter. Orrstown Financial Services Inc. boosted its position in shares of QUALCOMM by 26.5% during the first quarter. Orrstown Financial Services Inc. now owns 3,524 shares of the wireless technology company’s stock worth $541,000 after purchasing an additional 738 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC boosted its position in shares of QUALCOMM by 5.0% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,161 shares of the wireless technology company’s stock worth $332,000 after purchasing an additional 103 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Up 0.2%

QUALCOMM stock opened at $169.18 on Monday. The firm has a market capitalization of $182.55 billion, a PE ratio of 16.31, a P/E/G ratio of 2.47 and a beta of 1.23. The company’s 50-day moving average is $159.51 and its 200-day moving average is $153.22. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. 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 announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Arete Research set a $200.00 price objective on shares of QUALCOMM in a report on Tuesday, August 26th. Mizuho dropped their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Piper Sandler dropped their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, July 31st. Finally, Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $182.82.

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of QUALCOMM 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 sale, the chief accounting officer owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Patricia Y. Grech sold 201 shares of QUALCOMM stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $170.00, for a total transaction of $34,170.00. Following the sale, the chief accounting officer directly owned 203 shares of the company’s stock, valued at $34,510. The trade was a 49.75% decrease in their position. 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.

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.