Praxis Investment Management Inc. Lowers Stake in QUALCOMM Incorporated $QCOM

Praxis Investment Management Inc. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,250 shares of the wireless technology company’s stock after selling 1,920 shares during the quarter. Praxis Investment Management Inc.’s holdings in QUALCOMM were worth $5,455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QCOM. Brighton Jones LLC grew its stake in shares of QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its position in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after buying an additional 340 shares during the last quarter. GAMMA Investing LLC grew its position in QUALCOMM by 35.4% in the 1st quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company’s stock valued at $3,263,000 after buying an additional 5,555 shares during the last quarter. LifeWealth Investments LLC purchased a new position in QUALCOMM in the 1st quarter valued at $248,000. Finally, Steel Grove Capital Advisors LLC grew its position in QUALCOMM by 14.7% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 2,242 shares of the wireless technology company’s stock valued at $344,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In related news, 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm’s 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 transaction, the insider directly owned 21,193 shares in the company, 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. Insiders have sold a total of 159,767 shares of company stock valued at $26,322,745 in the last three months. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

QCOM has been the topic of several analyst reports. Piper Sandler lowered their target price on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QUALCOMM in a report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Arete Research set a $200.00 price target on QUALCOMM in a research note on Tuesday, August 26th. Finally, Citigroup restated a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.82.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $164.08 on Friday. The company has a market capitalization of $177.04 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 2.37 and a beta of 1.23. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. 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 business’s 50-day moving average price is $161.68 and its 200 day moving average price is $153.67.

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