Farther Finance Advisors LLC Has $9.04 Million Position in QUALCOMM Incorporated $QCOM

Key Points

• Farther Finance Advisors LLC increased its holdings in QUALCOMM by 35.6% during the 2nd quarter, owning a total of 56,749 shares worth approximately $9 million.
• QUALCOMM's latest earnings report showed $2.77 earnings per share (EPS), surpassing estimates of $2.71, with a revenue of $10.37 billion for the quarter.
• The company recently declared a quarterly dividend of $0.89 per share, resulting in an annual yield of 2.1%, with the ex-dividend date set for September 4th.

Farther Finance Advisors LLC boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 35.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 56,749 shares of the wireless technology company's stock after buying an additional 14,889 shares during the period. Farther Finance Advisors LLC's holdings in QUALCOMM were worth $9,038,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in QCOM. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of QUALCOMM by 565.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock valued at $19,098,000 after acquiring an additional 105,631 shares in the last quarter. PFG Advisors boosted its holdings in QUALCOMM by 8.0% in the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock valued at $663,000 after purchasing an additional 321 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in QUALCOMM by 3.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock valued at $28,979,000 after purchasing an additional 6,017 shares during the period. Russell Investments Group Ltd. grew its position in shares of QUALCOMM by 12.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock worth $203,904,000 after purchasing an additional 145,509 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of QUALCOMM by 0.5% during the first quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company's stock worth $3,713,000 after purchasing an additional 129 shares during the period. Institutional investors own 74.35% of the company's stock.

QUALCOMM Price Performance

QUALCOMM stock traded up $2.87 during mid-day trading on Monday, reaching $169.72. The company had a trading volume of 6,186,409 shares, compared to its average volume of 8,328,362. The business has a fifty day simple moving average of $157.04 and a 200 day simple moving average of $152.33. The company has a market cap of $183.13 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.41 and a beta of 1.21. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating 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 company 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 company earned $2.33 EPS. QUALCOMM's 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. On average, equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 2.1%. QUALCOMM's dividend payout ratio is currently 34.33%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the sale, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Neil Martin sold 791 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,899 shares of company stock worth $1,992,121 in the last three months. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on QCOM shares. Bank of America cut their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. Citigroup reaffirmed 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 on the stock in a research note on Thursday, July 31st. UBS Group boosted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and an average price target of $182.82.

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.