Plancorp LLC Sells 550 Shares of QUALCOMM Incorporated $QCOM

Plancorp LLC reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 8,744 shares of the wireless technology company’s stock after selling 550 shares during the period. Plancorp LLC’s holdings in QUALCOMM were worth $1,393,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC grew its stake in shares of QUALCOMM by 656,661.0% during the second 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 buying an additional 58,764,593 shares during the last quarter. Nuveen LLC bought a new position in shares of QUALCOMM during the first quarter valued at approximately $529,713,000. GAMMA Investing LLC grew its stake in shares of QUALCOMM by 20,700.4% during the first quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company’s stock valued at $501,192,000 after buying an additional 3,247,068 shares during the last quarter. Goldman Sachs Group Inc. grew its stake 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 valued at $1,114,403,000 after buying an additional 1,407,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of QUALCOMM by 222.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company’s stock valued at $212,800,000 after buying an additional 956,311 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 791 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. This represents a 41.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $170.00, for a total value of $34,170.00. Following the sale, the chief accounting officer owned 203 shares of the company’s stock, valued at approximately $34,510. This represents a 49.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,100 shares of company stock worth $2,026,291. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Up 2.4%

QUALCOMM stock opened at $173.55 on Thursday. The business has a fifty day moving average of $158.04 and a two-hundred day moving average of $152.66. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $187.26 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.45 and a beta of 1.21. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10.

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

QUALCOMM Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on QCOM. Bank of America cut their target price on QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, June 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Piper Sandler lowered their price target on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. UBS Group boosted their price target on QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Finally, Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

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.