Morey & Quinn Wealth Partners LLC Decreases Stock Position in QUALCOMM Incorporated $QCOM

Morey & Quinn Wealth Partners LLC trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 20.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,684 shares of the wireless technology company’s stock after selling 690 shares during the quarter. Morey & Quinn Wealth Partners LLC’s holdings in QUALCOMM were worth $427,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Maryland State Retirement & Pension System raised its stake in shares of QUALCOMM by 2.3% in the second quarter. Maryland State Retirement & Pension System now owns 53,433 shares of the wireless technology company’s stock worth $8,510,000 after purchasing an additional 1,210 shares during the last quarter. Clear Creek Financial Management LLC raised its stake in shares of QUALCOMM by 2.3% in the second quarter. Clear Creek Financial Management LLC now owns 3,171 shares of the wireless technology company’s stock worth $505,000 after purchasing an additional 72 shares during the last quarter. Castle Rock Wealth Management LLC raised its stake in shares of QUALCOMM by 65.0% in the second quarter. Castle Rock Wealth Management LLC now owns 12,159 shares of the wireless technology company’s stock worth $1,941,000 after purchasing an additional 4,792 shares during the last quarter. Guild Investment Management Inc. raised its stake in shares of QUALCOMM by 20.7% in the second quarter. Guild Investment Management Inc. now owns 17,264 shares of the wireless technology company’s stock worth $2,750,000 after purchasing an additional 2,960 shares during the last quarter. Finally, WESPAC Advisors LLC raised its stake in shares of QUALCOMM by 2.9% in the second quarter. WESPAC Advisors LLC now owns 8,089 shares of the wireless technology company’s stock worth $1,288,000 after purchasing an additional 227 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on QCOM shares. UBS Group raised their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an “outperform” rating in a report on Monday, July 28th. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, Mizuho dropped their target price on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.82.

Insider Buying and Selling

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the sale, the chief accounting officer directly owned 203 shares of the company’s stock, valued at approximately $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares in the company, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,767 shares of company stock valued at $26,322,745 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 1.4%

Shares of QCOM opened at $167.77 on Thursday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The stock’s 50 day moving average is $159.90 and its two-hundred day moving average is $153.49. The firm has a market cap of $181.02 billion, a P/E ratio of 16.18, a PEG ratio of 2.41 and a beta of 1.23.

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

QUALCOMM Company 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.