Vicus Capital Sells 685 Shares of QUALCOMM Incorporated $QCOM

Vicus Capital lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 18.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,962 shares of the wireless technology company’s stock after selling 685 shares during the quarter. Vicus Capital’s holdings in QUALCOMM were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of QCOM. Naples Global Advisors LLC increased its position in shares of QUALCOMM by 0.3% during the second quarter. Naples Global Advisors LLC now owns 37,747 shares of the wireless technology company’s stock valued at $6,012,000 after acquiring an additional 114 shares during the last quarter. Pure Financial Advisors LLC grew its stake in QUALCOMM by 9.4% in the 2nd quarter. Pure Financial Advisors LLC now owns 21,941 shares of the wireless technology company’s stock valued at $3,494,000 after purchasing an additional 1,884 shares during the period. BSW Wealth Partners grew its stake in QUALCOMM by 1.5% in the 2nd quarter. BSW Wealth Partners now owns 5,699 shares of the wireless technology company’s stock valued at $908,000 after purchasing an additional 83 shares during the period. Woodward Diversified Capital LLC increased its position in shares of QUALCOMM by 112.0% during the 2nd quarter. Woodward Diversified Capital LLC now owns 5,503 shares of the wireless technology company’s stock valued at $876,000 after purchasing an additional 2,907 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC bought a new stake in shares of QUALCOMM during the 2nd quarter worth $273,000. 74.35% of the stock is owned by institutional investors.

Insider Activity

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the 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 directly owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares of the company’s stock, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,767 shares of company stock worth $1,488,745. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on QCOM shares. JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Piper Sandler reduced their target price on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Mizuho lowered their price target on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Finally, Citigroup reiterated a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.82.

QUALCOMM Price Performance

QUALCOMM stock opened at $168.85 on Friday. The firm has a market capitalization of $182.19 billion, a P/E ratio of 16.28, a PEG 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. 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 business has a fifty day moving average price of $159.29 and a 200-day moving average price of $153.20.

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

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM’s payout ratio is currently 34.33%.

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.