Farther Finance Advisors LLC Buys 14,889 Shares of 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 holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 35.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CX Institutional boosted its stake in QUALCOMM by 23.0% in the 2nd quarter. CX Institutional now owns 42,345 shares of the wireless technology company's stock worth $6,744,000 after purchasing an additional 7,924 shares during the period. Butensky & Cohen Financial Security Inc. boosted its stake in QUALCOMM by 6.5% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 30,651 shares of the wireless technology company's stock worth $4,881,000 after purchasing an additional 1,862 shares during the period. Eagle Bay Advisors LLC boosted its stake in QUALCOMM by 6.4% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,837 shares of the wireless technology company's stock worth $293,000 after purchasing an additional 110 shares during the period. Global X Japan Co. Ltd. boosted its stake in QUALCOMM by 10.5% in the 2nd quarter. Global X Japan Co. Ltd. now owns 93,117 shares of the wireless technology company's stock worth $14,830,000 after purchasing an additional 8,862 shares during the period. Finally, Lantz Financial LLC bought a new position in QUALCOMM in the 2nd quarter worth approximately $230,000. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the transaction, the chief accounting officer directly owned 404 shares in the company, valued at $65,213.68. The trade was a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,899 shares of company stock worth $1,992,121 over the last quarter. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Trading Down 0.8%

QCOM stock traded down $1.28 during midday trading on Friday, reaching $166.85. The company's stock had a trading volume of 19,434,943 shares, compared to its average volume of 6,952,979. 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 fifty day simple moving average of $157.04 and a two-hundred day simple moving average of $152.36. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The firm has a market capitalization of $180.03 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.43 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping 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 business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the firm posted $2.33 earnings per share. The business'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 EPS for the current year.

QUALCOMM Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. UBS Group upped their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Tuesday, August 26th. Mizuho decreased their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Finally, Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $182.82.

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.