QUALCOMM Incorporated $QCOM Shares Acquired by Jacobi Capital Management LLC

Jacobi Capital Management LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.4% in the first quarter, HoldingsChannel.com reports. The firm owned 19,029 shares of the wireless technology company’s stock after acquiring an additional 618 shares during the quarter. Jacobi Capital Management LLC’s holdings in QUALCOMM were worth $2,923,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisors Capital Management LLC raised its holdings in QUALCOMM by 0.8% during the first quarter. Advisors Capital Management LLC now owns 449,245 shares of the wireless technology company’s stock worth $69,009,000 after purchasing an additional 3,477 shares during the last quarter. Chelsea Counsel Co. increased its position in shares of QUALCOMM by 965.3% in the first quarter. Chelsea Counsel Co. now owns 5,518 shares of the wireless technology company’s stock valued at $848,000 after buying an additional 5,000 shares in the last quarter. McAdam LLC raised its stake in shares of QUALCOMM by 3.4% during the 1st quarter. McAdam LLC now owns 2,243 shares of the wireless technology company’s stock worth $345,000 after buying an additional 73 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of QUALCOMM by 12.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 13,045 shares of the wireless technology company’s stock worth $2,004,000 after buying an additional 1,427 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in QUALCOMM by 24.1% in the 1st quarter. Belpointe Asset Management LLC now owns 27,969 shares of the wireless technology company’s stock valued at $4,296,000 after acquiring an additional 5,436 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares of the company’s stock, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the transaction, the chief financial officer directly owned 39,874 shares in the company, 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 three months, insiders sold 12,626 shares of company stock worth $1,948,054. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Trading Up 0.2%

Shares of QCOM opened at $158.95 on Thursday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a market capitalization of $171.51 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The stock has a fifty day moving average of $156.41 and a two-hundred day moving average of $152.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM’s payout ratio is presently 34.33%.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of research reports. Citigroup restated a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Rosenblatt Securities restated a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. UBS Group increased their target price on QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Bank of America reduced their price objective on QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

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.