Philadelphia Trust Co. Reduces Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM) (2025)

Philadelphia Trust Co. reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,788 shares of the wireless technology company's stock after selling 3,395 shares during the quarter. Philadelphia Trust Co.'s holdings in QUALCOMM were worth $7,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in QUALCOMM in the 4th quarter worth $2,721,882,000. Amundi increased its position in shares of QUALCOMM by 36.6% during the fourth quarter. Amundi now owns 14,579,529 shares of the wireless technology company's stock valued at $2,313,634,000 after buying an additional 3,905,918 shares during the period. Raymond James Financial Inc. bought a new position in QUALCOMM in the fourth quarter worth about $527,053,000. Franklin Resources Inc. lifted its holdings in QUALCOMM by 10.4% in the fourth quarter. Franklin Resources Inc. now owns 7,542,337 shares of the wireless technology company's stock worth $1,158,654,000 after buying an additional 709,644 shares during the period. Finally, Vanguard Group Inc. boosted its position in QUALCOMM by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 113,730,186 shares of the wireless technology company's stock valued at $17,471,231,000 after acquiring an additional 707,468 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Performance

NASDAQ QCOM traded up $4.85 on Friday, hitting $139.25. 10,947,680 shares of the company traded hands, compared to its average volume of 8,881,149. The business's 50 day moving average price is $156.49 and its 200-day moving average price is $161.38. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $154.01 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 648 shares of the firm's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $141.11, for a total transaction of $91,439.28. Following the completion of the transaction, the chief financial officer now directly owns 56,445 shares of the company's stock, valued at approximately $7,964,953.95. This trade represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander H. Rogers sold 19,287 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares in the company, valued at $3,526,010.46. This represents a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,666 shares of company stock worth $5,047,052 over the last three months. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on QCOM. Barclays lowered their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald reissued a "neutral" rating and set a $160.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. TD Cowen lowered their price target on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Citigroup cut their price objective on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $201.21.

Check Out Our Latest Report on QUALCOMM

QUALCOMM 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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