Arlington Capital Management Inc. Invests $241,000 in QUALCOMM Incorporated $QCOM

Key Points

• Arlington Capital Management Inc. has invested approximately $241,000 in 1,516 shares of QUALCOMM Incorporated ($QCOM) during the second quarter.
• QUALCOMM's recent earnings report showed an EPS of $2.77, exceeding analyst estimates, with a revenue of $10.37 billion for the quarter, marking a 10.4% increase from the previous year.
• The company declared a quarterly dividend of $0.89 per share, with a dividend yield of 2.1%, which is to be paid on September 25th to investors of record on September 4th.

Arlington Capital Management Inc. bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,516 shares of the wireless technology company's stock, valued at approximately $241,000.

A number of other institutional investors also recently modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC lifted its holdings in QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares during the period. WFA Asset Management Corp purchased a new stake in QUALCOMM in the first quarter worth about $27,000. Mascagni Wealth Management Inc. purchased a new stake in QUALCOMM in the fourth quarter worth about $30,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in QUALCOMM in the fourth quarter worth about $31,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on QCOM. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Mizuho lowered their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a report on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Piper Sandler lowered their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Stock Performance

Shares of QCOM opened at $173.55 on Thursday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The business's 50 day moving average price is $158.04 and its 200-day moving average price is $152.66. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The stock has a market cap of $187.26 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.45 and a beta of 1.21.

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

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Insider Activity

In related news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction that occurred on 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 owned 21,193 shares of the company's stock, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction that occurred on 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 directly owned 39,874 shares of the company's stock, valued at $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 13,100 shares of company stock worth $2,026,291 over the last three months. 0.08% of the stock is currently owned by insiders.

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.

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