Ashton Thomas Private Wealth LLC Has $6.83 Million Position in QUALCOMM Incorporated $QCOM

Key Points

• Ashton Thomas Private Wealth LLC increased its holdings in QUALCOMM Incorporated by 20.2%, owning 44,457 shares worth approximately $6.83 million as of the latest reporting period.
• QUALCOMM reported earnings of $2.77 per share, beating estimates, with a revenue of $10.37 billion for the quarter, marking a 10.4% increase year-over-year.
• The company announced a quarterly dividend of $0.89 per share, with a payout ratio of 34.33%, and a dividend yield of 2.2%.

Ashton Thomas Private Wealth LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 20.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,457 shares of the wireless technology company's stock after buying an additional 7,458 shares during the period. Ashton Thomas Private Wealth LLC's holdings in QUALCOMM were worth $6,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Resources Management Corp CT ADV increased its stake in shares of QUALCOMM by 0.9% in the first quarter. Resources Management Corp CT ADV now owns 33,754 shares of the wireless technology company's stock worth $5,185,000 after buying an additional 286 shares during the last quarter. Talon Private Wealth LLC boosted its holdings in QUALCOMM by 559.9% in the first quarter. Talon Private Wealth LLC now owns 16,900 shares of the wireless technology company's stock worth $2,614,000 after purchasing an additional 14,339 shares during the period. UniSuper Management Pty Ltd boosted its holdings in QUALCOMM by 3.9% in the first quarter. UniSuper Management Pty Ltd now owns 264,405 shares of the wireless technology company's stock worth $40,615,000 after purchasing an additional 9,840 shares during the period. Shellback Capital LP acquired a new position in QUALCOMM in the first quarter worth $20,215,000. Finally, Rise Advisors LLC boosted its holdings in QUALCOMM by 6.7% in the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock worth $161,000 after purchasing an additional 66 shares during the period. Institutional investors own 74.35% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. 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. UBS Group boosted their price target 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 reduced their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Mizuho lowered their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Trading Down 1.0%

NASDAQ QCOM traded down $1.58 on Tuesday, hitting $158.66. 6,118,504 shares of the company were exchanged, compared to its average volume of 6,720,706. The company's 50 day moving average price is $156.49 and its 200-day moving average price is $152.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The firm has a market capitalization of $171.19 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10.

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

QUALCOMM Dividend Announcement

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 paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. QUALCOMM's payout ratio is presently 34.33%.

Insider Transactions at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 12,626 shares of company stock worth $1,948,054. 0.08% of the stock is owned by corporate 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.