Financial Council LLC Takes Position in QUALCOMM Incorporated $QCOM

Financial Council LLC bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,261 shares of the wireless technology company’s stock, valued at approximately $201,000.

A number of other large investors also recently made changes to their positions in QCOM. Brighton Jones LLC increased its holdings in shares of QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares during the period. Matrix Trust Co increased its holdings in shares of QUALCOMM by 46.3% in the 1st quarter. Matrix Trust Co now owns 904 shares of the wireless technology company’s stock valued at $139,000 after purchasing an additional 286 shares during the period. Fermata Advisors LLC increased its holdings in shares of QUALCOMM by 5.5% in the 1st quarter. Fermata Advisors LLC now owns 4,002 shares of the wireless technology company’s stock valued at $615,000 after purchasing an additional 209 shares during the period. Finally, Cypress Wealth Services LLC acquired a new position in shares of QUALCOMM in the 1st quarter valued at about $204,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup restated a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the stock an “outperform” rating in a report on Monday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of QUALCOMM in a report on Saturday, September 27th. Finally, UBS Group increased their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $182.82.

Insider Transactions at QUALCOMM

In related news, CAO Patricia Y. Grech sold 273 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares of the company’s stock, valued at $65,213.68. This trade represents a 40.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 159,767 shares of company stock valued at $26,322,745 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 0.2%

Shares of QUALCOMM stock opened at $169.18 on Friday. The company’s fifty day simple moving average is $159.51 and its 200-day simple moving average is $153.29. The company has a market cap of $182.55 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 2.46 and a beta of 1.23. 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 1 year low of $120.80 and a 1 year high of $182.10.

QUALCOMM (NASDAQ:QCOM) last announced 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 the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were paid a $0.89 dividend. The ex-dividend date was Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is presently 34.33%.

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.