Richard W. Paul & Associates LLC Acquires 518 Shares of QUALCOMM Incorporated $QCOM

Richard W. Paul & Associates LLC boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 9.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,776 shares of the wireless technology company’s stock after buying an additional 518 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in QUALCOMM were worth $920,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC grew its holdings in shares of 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 valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the last quarter. Nuveen LLC bought a new stake in shares of QUALCOMM during the first quarter worth $529,713,000. Goldman Sachs Group Inc. increased its holdings in shares of QUALCOMM by 24.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock worth $1,114,403,000 after buying an additional 1,407,797 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of QUALCOMM by 11.2% during the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock worth $1,331,170,000 after buying an additional 875,412 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of QUALCOMM by 84.6% in the 1st quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company’s stock valued at $230,444,000 after acquiring an additional 707,615 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QCOM. Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. Bank of America upped their price objective on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Citigroup boosted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and a consensus price target of $190.38.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $170.33, for a total transaction of $567,709.89. Following the completion of the sale, the chief financial officer owned 33,208 shares of the company’s stock, valued at $5,656,318.64. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the sale, the insider owned 19,593 shares of the company’s stock, valued at approximately $3,387,041.91. The trade was a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 168,027 shares of company stock valued at $27,818,497. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

Shares of QCOM opened at $163.30 on Friday. The business has a 50-day moving average of $169.34 and a 200-day moving average of $159.69. 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 company has a market capitalization of $174.89 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95.

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

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. QUALCOMM’s dividend payout ratio is 72.80%.

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.