Arista Wealth Management LLC Purchases Shares of 2,496 QUALCOMM Incorporated $QCOM

Key Points

• Arista Wealth Management LLC acquired 2,496 shares of QUALCOMM Incorporated during the second quarter, valuing the purchase at approximately $398,000.
• Major institutional investors have significantly increased their stakes in QUALCOMM, with Kingstone Capital Partners boosting its holdings by over 656,661% in the same period.
• QUALCOMM announced a quarterly dividend of $0.89 per share, with a payout ratio of 34.33%, set to be paid on December 18th to shareholders of record on December 4th.

Arista Wealth Management LLC purchased a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 2,496 shares of the wireless technology company's stock, valued at approximately $398,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its holdings 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 worth $9,360,274,000 after buying an additional 58,764,593 shares during the last quarter. Nuveen LLC bought a new stake in shares of QUALCOMM in the 1st quarter worth about $529,713,000. Goldman Sachs Group Inc. increased its holdings in shares of QUALCOMM by 24.1% in 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 last quarter. Deutsche Bank AG increased its holdings in shares of QUALCOMM by 11.2% in 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 last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of QUALCOMM by 84.6% in 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 last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Patricia Y. Grech sold 201 shares of the business's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares of the company's stock, valued at approximately $34,510. This trade represents a 49.75% decrease in their ownership of the stock. 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. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

QCOM has been the topic of a number of research reports. Rosenblatt Securities restated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Mizuho reduced their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. UBS Group boosted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Finally, Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Price Performance

QUALCOMM stock opened at $163.45 on Friday. The stock has a market cap of $176.36 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 2.39 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 50-day moving average of $162.00 and a two-hundred day moving average of $153.74.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

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 given a $0.89 dividend. 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 payout ratio is 34.33%.

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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