SOA Wealth Advisors LLC. Purchases 338 Shares of QUALCOMM Incorporated $QCOM

SOA Wealth Advisors LLC. grew its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 20.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,979 shares of the wireless technology company’s stock after acquiring an additional 338 shares during the period. SOA Wealth Advisors LLC.’s holdings in QUALCOMM were worth $315,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of QCOM. Kingstone Capital Partners Texas LLC raised its position in QUALCOMM by 656,661.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after purchasing an additional 58,764,593 shares during the last quarter. Nuveen LLC bought a new position in QUALCOMM during the 1st quarter worth $529,713,000. Goldman Sachs Group Inc. raised its position in QUALCOMM by 24.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock worth $1,114,403,000 after purchasing an additional 1,407,797 shares during the last quarter. Assenagon Asset Management S.A. raised its position in QUALCOMM by 222.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company’s stock worth $212,800,000 after purchasing an additional 956,311 shares during the last quarter. Finally, Deutsche Bank AG raised its position in QUALCOMM by 11.2% during the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock worth $1,331,170,000 after purchasing an additional 875,412 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

QCOM has been the subject of several analyst reports. Mizuho lowered 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. Piper Sandler decreased their price target on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an “outperform” rating in a report on Monday, July 28th. UBS Group increased their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. increased their price target on QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.82.

QUALCOMM Stock Performance

Shares of QCOM opened at $168.85 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The stock has a 50-day moving average of $159.29 and a 200-day moving average of $153.20. The company has a market cap of $182.19 billion, a PE ratio of 16.28, a P/E/G ratio of 2.43 and a beta of 1.23. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results 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. The company 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%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 2.1%. QUALCOMM’s payout ratio is 34.33%.

Insider Buying and Selling

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the transaction, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the transaction, the chief accounting officer owned 404 shares of the company’s stock, valued at $65,213.68. This trade represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,767 shares of company stock worth $1,488,745 over the last 90 days. Company insiders own 0.08% of the company’s stock.

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.