Wealthspire Advisors LLC Purchases 831 Shares of QUALCOMM Incorporated $QCOM

Wealthspire Advisors LLC raised its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,701 shares of the wireless technology company’s stock after acquiring an additional 831 shares during the period. Wealthspire Advisors LLC’s holdings in QUALCOMM were worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Purus Wealth Management LLC raised its stake in QUALCOMM by 8.7% during the second quarter. Purus Wealth Management LLC now owns 2,561 shares of the wireless technology company’s stock valued at $408,000 after purchasing an additional 205 shares in the last quarter. Inspire Advisors LLC raised its position in shares of QUALCOMM by 63.0% during the 2nd quarter. Inspire Advisors LLC now owns 7,424 shares of the wireless technology company’s stock valued at $1,182,000 after buying an additional 2,869 shares in the last quarter. Empowered Funds LLC raised its position in shares of QUALCOMM by 15.9% during the 2nd quarter. Empowered Funds LLC now owns 309,360 shares of the wireless technology company’s stock valued at $49,269,000 after buying an additional 42,525 shares in the last quarter. Vanguard Group Inc. raised its position in shares of QUALCOMM by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock valued at $18,260,635,000 after buying an additional 290,799 shares in the last quarter. Finally, Greykasell Wealth Strategies Inc. lifted its holdings in shares of QUALCOMM by 3.6% in the 2nd quarter. Greykasell Wealth Strategies Inc. now owns 4,065 shares of the wireless technology company’s stock valued at $647,000 after acquiring an additional 140 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Friday, November 7th. The stock was sold at an average price of $170.33, for a total value of $567,709.89. Following the transaction, the chief financial officer directly owned 33,208 shares in the company, valued at approximately $5,656,318.64. This trade represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at $24,718,770.24. This represents a 50.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 167,514 shares of company stock worth $27,735,930 in the last three months. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on QCOM shares. Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. TD Cowen increased their price objective on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Mizuho increased their price target on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Finally, Arete raised 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average price target of $190.38.

QUALCOMM Price Performance

Shares of QCOM stock opened at $166.11 on Thursday. The stock has a market capitalization of $177.90 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The stock has a fifty day simple moving average of $169.35 and a two-hundred day simple moving average of $159.52.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. During the same period in the previous year, the company posted $2.69 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

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.