BridgePort Financial Solutions LLC Purchases Shares of 2,942 QUALCOMM Incorporated $QCOM

Key Points

• BridgePort Financial Solutions LLC acquired 2,942 shares of QUALCOMM, valued at approximately $469,000, marking a significant new investment in the company.
• The stock currently has a consensus rating of "Moderate Buy" with a target price of $182.82, according to analysts' evaluations.
• CEO Cristiano R. Amon recently sold 150,000 shares for $24.83 million, resulting in a 50.12% decrease in his ownership of the stock.

BridgePort Financial Solutions LLC purchased a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,942 shares of the wireless technology company's stock, valued at approximately $469,000.

Other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp purchased a new stake in QUALCOMM during the first quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC boosted its holdings 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 worth $26,000 after purchasing an additional 93 shares during the period. 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. Atticus Wealth Management LLC boosted its holdings 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 worth $34,000 after purchasing an additional 212 shares during the period. Finally, Abound Financial LLC purchased a new stake in shares of QUALCOMM during the first quarter worth about $39,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on QCOM. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price for the company in a report on Tuesday, August 26th. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Piper Sandler decreased their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the 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.

Insider Buying and Selling

In related news, CEO Cristiano R. Amon sold 150,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the sale, the chief executive officer owned 149,304 shares in the company, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm'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 transaction of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock valued at $26,322,745 in the last ninety days. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Price Performance

Shares of QCOM opened at $169.18 on Friday. The company has a market capitalization of $182.55 billion, a P/E ratio of 16.31, a price-to-earnings-growth 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. The firm has a 50 day moving average of $159.51 and a 200 day moving average of $153.25. 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 announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were issued a $0.89 dividend. The ex-dividend date was Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

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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