Spartan Wealth Advisory Services LLC purchased a new stake in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 3,051 shares of the wireless technology company’s stock, valued at approximately $393,000.
Several other large investors have also modified their holdings of QCOM. Arjuna Capital grew its holdings in shares of Qualcomm by 2.4% in the 1st quarter. Arjuna Capital now owns 9,717 shares of the wireless technology company’s stock worth $1,251,000 after acquiring an additional 229 shares during the last quarter. Ascent Wealth Partners LLC raised its position in shares of Qualcomm by 2.0% during the first quarter. Ascent Wealth Partners LLC now owns 39,669 shares of the wireless technology company’s stock worth $5,109,000 after purchasing an additional 770 shares during the period. Paces Ferry Wealth Advisors LLC lifted its holdings in shares of Qualcomm by 11.8% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 3,026 shares of the wireless technology company’s stock valued at $390,000 after purchasing an additional 320 shares during the last quarter. Aviance Capital Partners LLC grew its position in Qualcomm by 9.4% during the 1st quarter. Aviance Capital Partners LLC now owns 4,601 shares of the wireless technology company’s stock worth $592,000 after purchasing an additional 397 shares in the last quarter. Finally, Aurora Investment Counsel grew its position in Qualcomm by 15.7% during the 1st quarter. Aurora Investment Counsel now owns 20,852 shares of the wireless technology company’s stock worth $2,685,000 after purchasing an additional 2,837 shares in the last quarter. 74.35% of the stock is owned by institutional investors.
Insider Transactions at Qualcomm
In other news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the chief executive officer directly owned 197,568 shares in the company, valued at $35,562,240. The trade was a 4.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the sale, the executive vice president directly owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. The trade was a 9.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,721 shares of company stock valued at $4,044,465 over the last 90 days. Company insiders own 0.05% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Report on QCOM
Qualcomm Trading Down 0.8%
Qualcomm stock opened at $170.32 on Tuesday. The company’s fifty day simple moving average is $206.28 and its 200-day simple moving average is $168.36. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The stock has a market cap of $179.52 billion, a P/E ratio of 18.51, a P/E/G ratio of 5.10 and a beta of 1.63.
Qualcomm (NASDAQ:QCOM – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts forecast that Qualcomm Incorporated will post 7.97 EPS for the current fiscal year.
Qualcomm Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is 40.00%.
About Qualcomm
Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.
The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.
Read More
- Five stocks we like better than Qualcomm
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM – Free Report).
Receive News & Ratings for Qualcomm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualcomm and related companies with MarketBeat.com's FREE daily email newsletter.
