1,548 Shares in QUALCOMM Incorporated $QCOM Acquired by Fortis Capital Advisors LLC

Key Points

• Fortis Capital Advisors LLC acquired 1,548 shares of QUALCOMM, valued at approximately $247,000, reflecting increasing interest from institutional investors, with 74.35% of the company's stock owned by them.
• QUALCOMM reported $2.77 earnings per share (EPS) for the last quarter, surpassing expectations, and its revenue rose 10.4% year-over-year to $10.37 billion.
• The company declared a quarterly dividend of $0.89 per share, yielding 2.1%, with a payout ratio of 34.33% currently in place.

Fortis Capital Advisors LLC purchased a new position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,548 shares of the wireless technology company's stock, valued at approximately $247,000.

A number of other hedge funds also recently modified their holdings of QCOM. Brighton Jones LLC raised 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 worth $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC raised 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 worth $391,000 after purchasing an additional 340 shares during the period. Foster Group Inc. bought a new stake in shares of QUALCOMM in the 1st quarter worth approximately $220,000. Eagle Rock Investment Company LLC raised its holdings in shares of QUALCOMM by 51.1% in the 1st quarter. Eagle Rock Investment Company LLC now owns 32,012 shares of the wireless technology company's stock worth $4,917,000 after purchasing an additional 10,820 shares during the period. Finally, Pines Wealth Management LLC raised its holdings in shares of QUALCOMM by 12.2% in the 1st quarter. Pines Wealth Management LLC now owns 9,945 shares of the wireless technology company's stock worth $1,528,000 after purchasing an additional 1,080 shares during the period. Institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Up 0.2%

QCOM opened at $169.18 on Friday. The stock has a market cap of $182.55 billion, a PE ratio of 16.31, a P/E/G ratio of 2.47 and a beta of 1.23. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The business's fifty day simple moving average is $159.51 and its 200 day simple moving average is $153.25.

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

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM's dividend payout ratio is presently 34.33%.

Analyst Ratings Changes

QCOM has been the topic of a number of analyst reports. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. UBS Group boosted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Bank of America lowered their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average price target of $182.82.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were 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 of the company's stock, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is currently owned by insiders.

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.

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