QUALCOMM Incorporated $QCOM Shares Bought by Chicago Capital LLC

Chicago Capital LLC grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 22.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,517 shares of the wireless technology company’s stock after acquiring an additional 9,377 shares during the quarter. Chicago Capital LLC’s holdings in QUALCOMM were worth $8,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QCOM. Atlantic Edge Private Wealth Management LLC increased its stake 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 acquiring an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its stake 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 acquiring an additional 93 shares during the last quarter. WFA Asset Management Corp acquired a new stake in QUALCOMM during the first quarter worth about $27,000. Atticus Wealth Management LLC increased its stake in 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 acquiring an additional 212 shares during the last quarter. Finally, Abound Financial LLC acquired a new stake in QUALCOMM during the first quarter worth about $39,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the company’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 transaction of $34,170.00. Following the sale, the chief accounting officer owned 203 shares in the company, valued at $34,510. This represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 791 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,100 shares of company stock worth $2,026,291. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Tuesday, August 26th. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Bank of America decreased their target price on QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, June 17th. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Mizuho decreased their target price on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $182.82.

QUALCOMM Trading Down 2.3%

Shares of QCOM opened at $165.30 on Tuesday. The company has a market capitalization of $178.36 billion, a P/E ratio of 15.94, a P/E/G ratio of 2.45 and a beta of 1.21. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The stock has a 50-day moving average price of $158.79 and a 200 day moving average price of $152.94.

QUALCOMM (NASDAQ:QCOM) last issued 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 the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.89 per share. The ex-dividend date was Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.2%. QUALCOMM’s dividend payout ratio is presently 34.33%.

QUALCOMM 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.