Franklin Street Advisors Inc. NC Buys 4,587 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Franklin Street Advisors Inc. NC increased its stake in QUALCOMM Inc. by 6.9%, acquiring an additional 4,587 shares, bringing their total to 71,110 shares valued at $11.3 million.
• INSIDER ACTIVITY included significant sales, with CAO Patricia Y. Grech selling 201 shares and a 49.75% decrease in her position, indicating notable insider movements.
• QUALCOMM reported quarterly earnings of $2.77 per share, surpassing analysts’ expectations, alongside a revenue increase of 10.4% year-over-year, totaling $10.37 billion.

Franklin Street Advisors Inc. NC boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,110 shares of the wireless technology company's stock after acquiring an additional 4,587 shares during the period. Franklin Street Advisors Inc. NC's holdings in QUALCOMM were worth $11,325,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in QCOM. Atlantic Edge Private Wealth Management LLC raised its position in 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 acquiring an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC raised its position in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 93 shares during the period. WFA Asset Management Corp bought a new stake in shares of QUALCOMM in the first quarter valued at approximately $27,000. Atticus Wealth Management LLC raised its position in shares of QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock valued at $34,000 after purchasing an additional 212 shares during the period. Finally, Abound Financial LLC bought a new stake in shares of QUALCOMM in the first quarter valued at approximately $39,000. Institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on QCOM shares. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Piper Sandler lowered their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a research report on Saturday, September 27th. Arete raised 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. Finally, Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Trading Up 0.2%

Shares of QCOM opened at $169.18 on Friday. The firm has a market cap of $182.55 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 2.46 and a beta of 1.23. 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 Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm has a 50 day moving average price of $159.51 and a 200-day moving average price of $153.29.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM's payout ratio is presently 34.33%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer owned 203 shares of the company's stock, valued at $34,510. This represents a 49.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Neil Martin sold 791 shares of the stock in a transaction 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 sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $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 quarter, insiders sold 159,767 shares of company stock worth $26,322,745. Corporate insiders own 0.08% of the company's stock.

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.

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