Fox Hill Wealth Management Boosts Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Fox Hill Wealth Management increased its stake in QUALCOMM Incorporated by 109.3% during the second quarter, now holding 3,376 shares valued at approximately $538,000.
• QUALCOMM's CFO and CAO both sold shares recently, with the CFO selling 3,333 shares for around $522,814, indicating a decrease in their positions.
• Recent analyst ratings for QUALCOMM include a "Moderate Buy" consensus, with a price target range from $165.00 to $200.00, reflecting a positive outlook despite some lower estimates.

Fox Hill Wealth Management grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 109.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,376 shares of the wireless technology company's stock after buying an additional 1,763 shares during the period. Fox Hill Wealth Management's holdings in QUALCOMM were worth $538,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QCOM. Brighton Jones LLC boosted its holdings in shares of QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after buying an additional 340 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in shares of QUALCOMM by 135.2% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 107,510 shares of the wireless technology company's stock valued at $16,516,000 after buying an additional 61,809 shares in the last quarter. Sentinus LLC boosted its holdings in shares of QUALCOMM by 11.1% in the 4th quarter. Sentinus LLC now owns 1,733 shares of the wireless technology company's stock valued at $266,000 after buying an additional 173 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of QUALCOMM by 73.4% in the 4th quarter. Toronto Dominion Bank now owns 695,793 shares of the wireless technology company's stock valued at $106,886,000 after buying an additional 294,501 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Performance

Shares of QCOM stock traded up $0.32 during mid-day trading on Friday, hitting $161.83. The stock had a trading volume of 5,429,226 shares, compared to its average volume of 6,614,909. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm has a market cap of $174.61 billion, a PE ratio of 15.61, a PEG ratio of 2.35 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company's 50-day simple moving average is $156.39 and its 200-day simple moving average is $152.01.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping 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 company had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter last year, the business earned $2.33 EPS. The business'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 anticipate 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, September 25th. Stockholders of record on Thursday, September 4th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. Bank of America reduced their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, QUALCOMM currently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

Insider Activity at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 owned 21,193 shares of the company's stock, valued at $3,102,655.20. This represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,626 shares of company stock worth $1,948,054. 0.08% of the stock is owned by company insiders.

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.