Virtus Advisers LLC Makes New $96,000 Investment in QUALCOMM Incorporated $QCOM

Virtus Advisers LLC purchased a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the second quarter, Holdings Channel.com reports. The fund purchased 600 shares of the wireless technology company’s stock, valued at approximately $96,000.

Several other institutional investors and hedge funds also recently made changes to their positions in QCOM. Avion Wealth lifted its holdings in QUALCOMM by 16.7% during the second quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock valued at $70,000 after purchasing an additional 63 shares during the last quarter. Insight Advisors LLC PA raised its position in shares of QUALCOMM by 1.8% in the second quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock valued at $556,000 after purchasing an additional 63 shares during the period. Capital Advantage Inc. lifted its stake in shares of QUALCOMM by 2.8% during the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock valued at $375,000 after buying an additional 64 shares in the last quarter. Rise Advisors LLC lifted its stake in shares of QUALCOMM by 6.7% during the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company’s stock valued at $161,000 after buying an additional 66 shares in the last quarter. Finally, Bell Investment Advisors Inc boosted its holdings in QUALCOMM by 4.6% in the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company’s stock worth $231,000 after buying an additional 66 shares during the period. Institutional investors own 74.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Arete Research set a $200.00 target price on shares of QUALCOMM in a report on Tuesday, August 26th. Susquehanna set a $210.00 price objective on QUALCOMM in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of QUALCOMM in a research note on Tuesday, November 25th. Wall Street Zen raised QUALCOMM from a “hold” rating to a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.38.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $167.79 on Monday. The business has a 50 day moving average of $169.36 and a 200 day moving average of $160.50. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a market cap of $179.70 billion, a PE ratio of 16.18, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same period last year, the company posted $2.69 EPS. The company’s quarterly revenue 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 forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

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

Insider Activity

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction 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. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 167,791 shares of company stock worth $27,781,124. Corporate insiders own 0.08% of the company’s stock.

About QUALCOMM

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.