Planned Solutions Inc. Takes Position in QUALCOMM Incorporated $QCOM

Planned Solutions Inc. bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,108 shares of the wireless technology company’s stock, valued at approximately $336,000.

A number of other hedge funds have also made changes to their positions in QCOM. Kingstone Capital Partners Texas LLC raised its stake in shares of QUALCOMM by 656,661.0% in 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 acquiring an additional 58,764,593 shares during the period. Nuveen LLC purchased a new stake in QUALCOMM during the 1st quarter worth $529,713,000. Goldman Sachs Group Inc. increased its stake in QUALCOMM by 24.1% during the 1st 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 during the period. Deutsche Bank AG increased its stake in QUALCOMM by 11.2% during the 1st 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 during the period. Finally, AQR Capital Management LLC increased its stake in QUALCOMM by 84.6% during the 1st quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company’s stock worth $230,444,000 after buying an additional 707,615 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on QCOM shares. Mizuho dropped their price target on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Arete raised shares of 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. Piper Sandler dropped their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.82.

Insider Activity at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares of the company’s stock, valued at $24,718,770.24. This represents a 50.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,767 shares of company stock worth $26,322,745 over the last 90 days. Company insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM stock opened at $163.45 on Friday. The firm has a market cap of $176.36 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The firm has a fifty day moving average of $162.00 and a two-hundred day moving average of $153.74.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate 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 net margin of 26.77% and a return on equity of 40.35%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.

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.