Carmel Capital Partners LLC Purchases 11,653 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Carmel Capital Partners LLC increased its holdings in QUALCOMM by 70.6%, acquiring an additional 11,653 shares to reach a total of 28,159 shares, valued at approximately $4.48 million.
• The company is facing diverse analyst ratings, with one Strong Buy, twelve Buy, ten Hold, and one Sell, resulting in a consensus rating of Moderate Buy and a target price of $182.82.
• QUALCOMM's recent quarterly results showed an earnings per share (EPS) of $2.77, exceeding estimates, with revenue totaling $10.37 billion, marking a 10.4% year-over-year growth.

Carmel Capital Partners LLC boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 70.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,159 shares of the wireless technology company's stock after purchasing an additional 11,653 shares during the period. QUALCOMM comprises 1.6% of Carmel Capital Partners LLC's holdings, making the stock its 13th largest position. Carmel Capital Partners LLC's holdings in QUALCOMM were worth $4,485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in QCOM. Brighton Jones LLC increased its holdings in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares in the last quarter. GAMMA Investing LLC increased its holdings in QUALCOMM by 35.4% during the 1st quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company's stock worth $3,263,000 after purchasing an additional 5,555 shares in the last quarter. Premier Path Wealth Partners LLC increased its holdings in QUALCOMM by 9.7% during the 1st quarter. Premier Path Wealth Partners LLC now owns 5,019 shares of the wireless technology company's stock worth $771,000 after purchasing an additional 445 shares in the last quarter. Finally, Boston Trust Walden Corp increased its holdings in QUALCOMM by 2.9% during the 1st quarter. Boston Trust Walden Corp now owns 298,048 shares of the wireless technology company's stock worth $45,783,000 after purchasing an additional 8,517 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QCOM shares. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Mizuho reduced their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Citigroup restated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Piper Sandler reduced their price objective 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. Finally, Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. One equities research 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 issued a Sell rating to the company's stock. According to MarketBeat, QUALCOMM presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Trading Down 0.4%

Shares of NASDAQ:QCOM opened at $163.45 on Friday. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The company has a market capitalization of $176.36 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 2.39 and a beta of 1.23. The company has a 50-day simple moving average of $162.00 and a 200 day simple moving average of $153.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results 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. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the business posted $2.33 EPS. QUALCOMM's revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, December 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Insiders Place Their Bets

In related news, CEO Cristiano R. Amon sold 150,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated 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 transaction, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock worth $26,322,745 in the last three months. 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.

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