Butensky & Cohen Financial Security Inc. Has $4.88 Million Position in QUALCOMM Incorporated $QCOM

Key Points

• Butensky & Cohen Financial Security Inc. increased its stake in QUALCOMM by 6.5% in Q2, owning 30,651 shares valued at approximately $4.88 million.
• QUALCOMM reported a quarterly EPS of $2.77, exceeding analysts' estimates, and a revenue of $10.37 billion, marking a 10.4% year-over-year increase.
• The company announced a quarterly dividend of $0.89 per share, representing a 2.1% yield based on the annualized rate.

Butensky & Cohen Financial Security Inc. increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,651 shares of the wireless technology company's stock after acquiring an additional 1,862 shares during the quarter. QUALCOMM comprises about 1.5% of Butensky & Cohen Financial Security Inc.'s investment portfolio, making the stock its 28th largest position. Butensky & Cohen Financial Security Inc.'s holdings in QUALCOMM were worth $4,881,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC lifted its stake 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 valued at $26,000 after acquiring an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC lifted its stake 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 valued at $26,000 after buying an additional 93 shares during the period. WFA Asset Management Corp acquired a new position in QUALCOMM in the first quarter valued at about $27,000. Sunbeam Capital Management LLC acquired a new position in QUALCOMM in the fourth quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. acquired a new position in QUALCOMM in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on QCOM. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research note on Tuesday, August 26th. JPMorgan Chase & Co. increased their target price on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Piper Sandler cut their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Stock Down 0.8%

NASDAQ QCOM traded down $1.28 during trading hours on Friday, hitting $166.85. 19,434,943 shares of the company traded hands, compared to its average volume of 6,952,979. The business's 50-day moving average is $157.04 and its 200-day moving average is $152.36. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The stock has a market capitalization of $180.03 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 2.43 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, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the prior year, the firm posted $2.33 earnings per share. The business's quarterly revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

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

Insiders Place Their Bets

In other news, 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 value of $234,240.00. Following the completion of the sale, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Patricia Y. Grech sold 273 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the sale, the chief accounting officer directly owned 404 shares of the company's stock, valued at approximately $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,899 shares of company stock valued at $1,992,121. Corporate insiders own 0.08% of the company's stock.

About QUALCOMM

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.