Focus Partners Advisor Solutions LLC Has $2.09 Million Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in QUALCOMM Incorporated by 69.8%, now owning 13,615 shares worth $2.09 million.
• Several analysts have updated their price targets for QUALCOMM, with the consensus rating of "Moderate Buy" and an average target price of $182.82.
• QUALCOMM announced a quarterly dividend of $0.89 to be paid on September 25th, representing an annualized dividend yield of 2.2%.

Focus Partners Advisor Solutions LLC lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 69.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,615 shares of the wireless technology company's stock after purchasing an additional 5,598 shares during the period. Focus Partners Advisor Solutions LLC's holdings in QUALCOMM were worth $2,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of QCOM. Clark Capital Management Group Inc. raised its holdings in QUALCOMM by 3.6% in the 4th quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock worth $264,000 after acquiring an additional 59 shares during the period. Westwood Holdings Group Inc. raised its holdings in QUALCOMM by 2.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock worth $509,000 after acquiring an additional 69 shares during the period. Collaborative Wealth Managment Inc. raised its holdings in QUALCOMM by 5.1% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock worth $217,000 after acquiring an additional 69 shares during the period. Thoroughbred Financial Services LLC raised its holdings in QUALCOMM by 0.3% in the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after acquiring an additional 69 shares during the period. Finally, Quadcap Wealth Management LLC raised its holdings in QUALCOMM by 0.6% in the 1st quarter. Quadcap Wealth Management LLC now owns 12,209 shares of the wireless technology company's stock worth $1,875,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on QCOM shares. Mizuho dropped their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete upgraded shares of 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. Piper Sandler dropped their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Finally, Bank of America dropped their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $182.82.

Insider Buying and Selling at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated Friday, August 1st. The shares were 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 of the company's stock, valued at $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,626 shares of company stock worth $1,948,054. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $158.78 on Wednesday. The company has a market cap of $171.32 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.34 and a beta of 1.21. The firm's 50-day moving average is $156.39 and its 200-day moving average is $152.49. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week 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.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 dividend on an annualized basis and a yield of 2.2%. QUALCOMM's payout ratio is presently 34.33%.

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.

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