Envestnet Portfolio Solutions Inc. Sells 4,202 Shares of QUALCOMM Incorporated $QCOM

by · The Cerbat Gem

Envestnet Portfolio Solutions Inc. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,951 shares of the wireless technology company’s stock after selling 4,202 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in QUALCOMM were worth $10,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC boosted its holdings in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after buying an additional 93 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after buying an additional 70 shares during the last quarter. Chung Wu Investment Group LLC bought a new position in QUALCOMM during the second quarter worth about $32,000. Atticus Wealth Management LLC raised its position in shares of QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 212 shares during the period. Finally, Abound Financial LLC acquired a new stake in shares of QUALCOMM during the first quarter worth about $39,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Up 5.3%

Shares of QUALCOMM stock opened at $161.78 on Tuesday. The business’s 50 day simple moving average is $160.68 and its 200 day simple moving average is $153.48. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The firm has a market cap of $174.56 billion, a PE ratio of 15.60, a P/E/G ratio of 2.24 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM – Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the firm earned $2.33 EPS. QUALCOMM’s revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on QCOM. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QUALCOMM in a research report on Wednesday, October 8th. Piper Sandler dropped their price target on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. JPMorgan Chase & Co. raised their price target on QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Bank of America dropped their price target on QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and an average price target of $182.82.

View Our Latest Research Report on QUALCOMM

Insider Transactions at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the transaction, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares of the company’s stock, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is owned by insiders.

QUALCOMM Company Profile

(Free Report)

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.

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