Verity & Verity LLC Purchases 382 Shares of QUALCOMM Incorporated $QCOM

Verity & Verity LLC increased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,424 shares of the wireless technology company’s stock after buying an additional 382 shares during the quarter. Verity & Verity LLC’s holdings in QUALCOMM were worth $10,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vermillion & White Wealth Management Group LLC grew its stake in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 93 shares during the last quarter. Chung Wu Investment Group LLC bought a new position in QUALCOMM during the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. purchased a new position in QUALCOMM in the 2nd quarter worth approximately $32,000. Winnow Wealth LLC bought a new stake in QUALCOMM in the second quarter valued at approximately $32,000. Finally, Atticus Wealth Management LLC boosted its stake in shares of QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after purchasing an additional 212 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup lifted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upped their price objective on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Wells Fargo & Company increased their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus price target of $190.38.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $162.54 on Tuesday. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The firm has a market capitalization of $174.08 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $169.42 and a two-hundred day simple moving average of $160.08.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. During the same period last year, the business earned $2.69 EPS. QUALCOMM’s quarterly revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio is currently 72.80%.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 513 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the sale, the chief accounting officer owned 203 shares in the company, valued at $32,672.85. This represents a 71.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 168,027 shares of company stock valued at $27,818,497 over the last ninety days. Insiders own 0.08% of the company’s stock.

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.