QUALCOMM Incorporated $QCOM Shares Bought by Farther Finance Advisors LLC

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 raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 35.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,749 shares of the wireless technology company's stock after purchasing an additional 14,889 shares during the quarter. Farther Finance Advisors LLC's holdings in QUALCOMM were worth $9,038,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC raised its stake in shares of QUALCOMM by 70.0% in 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 last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares during the period. WFA Asset Management Corp acquired a new position in QUALCOMM in the 1st quarter worth approximately $27,000. Sunbeam Capital Management LLC purchased a new stake in shares of QUALCOMM in the 4th quarter valued at $29,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of QUALCOMM in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on QCOM shares. Citigroup restated a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. lifted their price objective on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. Finally, Piper Sandler cut their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $182.82.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction 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 transaction, the insider owned 21,193 shares of the company's stock, 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. In the last quarter, insiders have sold 12,899 shares of company stock valued at $1,992,121. 0.08% of the stock is owned by insiders.

QUALCOMM Trading Down 0.1%

QUALCOMM stock traded down $0.14 during midday trading on Tuesday, hitting $169.58. 1,771,493 shares of the stock were exchanged, compared to its average volume of 8,291,572. The stock's 50-day simple moving average is $157.34 and its 200 day simple moving average is $152.39. 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. The stock has a market capitalization of $182.98 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.41 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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. 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 analysts' expectations of $10.33 billion. During the same quarter in the prior year, the company posted $2.33 EPS. The business's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a dividend of $0.89 per share. 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%.

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.