Hazlett Burt & Watson Inc. Purchases 349 Shares of QUALCOMM Incorporated $QCOM

Hazlett Burt & Watson Inc. raised its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,753 shares of the wireless technology company’s stock after purchasing an additional 349 shares during the period. Hazlett Burt & Watson Inc.’s holdings in QUALCOMM were worth $599,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its stake in QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after buying an additional 58,764,593 shares in the last quarter. Nuveen LLC bought a new position in QUALCOMM in the first quarter valued at approximately $529,713,000. Goldman Sachs Group Inc. lifted its stake in QUALCOMM by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock valued at $1,114,403,000 after buying an additional 1,407,797 shares in the last quarter. Deutsche Bank AG lifted its stake in QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock valued at $1,331,170,000 after buying an additional 875,412 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in QUALCOMM by 84.6% in the first quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company’s stock valued at $230,444,000 after buying an additional 707,615 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $170.00, for a total value of $34,170.00. Following the completion of the sale, the chief accounting officer owned 203 shares in the company, valued at $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares of the company’s stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bank of America cut their price target on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, June 17th. JPMorgan Chase & Co. lifted their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Tuesday, August 26th. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $153.64 on Monday. The firm has a market capitalization of $165.77 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $160.39 and its two-hundred day moving average price is $153.41. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10.

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

About QUALCOMM

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.