Simon Quick Advisors LLC Trims Position in QUALCOMM Incorporated $QCOM

Simon Quick Advisors LLC decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 81.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,807 shares of the wireless technology company’s stock after selling 7,792 shares during the quarter. Simon Quick Advisors LLC’s holdings in QUALCOMM were worth $301,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. grew its holdings in QUALCOMM by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 65 shares during the period. Chung Wu Investment Group LLC acquired a new stake in shares of QUALCOMM in the second quarter worth approximately $32,000. Harbor Asset Planning Inc. purchased a new stake in QUALCOMM in the second quarter valued at approximately $32,000. Winnow Wealth LLC purchased a new stake in shares of QUALCOMM during the 2nd quarter worth about $32,000. Finally, Lavaca Capital LLC acquired a new stake in shares of QUALCOMM in the second quarter worth $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 513 shares of QUALCOMM stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $160.95, for a total value of $82,567.35. Following the completion of the transaction, the chief accounting officer directly owned 203 shares in the company, valued at $32,672.85. The trade was a 71.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the transaction, the insider directly owned 19,593 shares of the company’s stock, valued at $3,387,041.91. This trade represents a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,822 shares of company stock valued at $8,689,984 over the last ninety days. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on QCOM shares. TD Cowen upped their price target on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. UBS Group upped their target price on QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Susquehanna set a $210.00 target price on QUALCOMM in a report on Thursday, November 6th. Cantor Fitzgerald reissued a “neutral” rating and set a $185.00 price target on shares of QUALCOMM in a research report on Tuesday, December 16th. Finally, Mizuho increased their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and an average price target of $192.94.

QUALCOMM Trading Up 1.1%

Shares of NASDAQ QCOM opened at $172.98 on Monday. 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 stock’s 50 day moving average price is $173.39 and its two-hundred day moving average price is $164.60. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The stock has a market capitalization of $185.26 billion, a P/E ratio of 35.37, a PEG ratio of 3.79 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly 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 return on equity of 43.22% and a net margin of 12.51%.The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. During the same period in the prior year, the company posted $2.69 EPS. The business’s 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. On average, analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

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.