GC Wealth Management RIA LLC Has $2.95 Million Position in QUALCOMM Incorporated $QCOM

Key Points

• GC Wealth Management RIA LLC has increased its stake in QUALCOMM Incorporated by 62.4% in Q2, now holding 18,507 shares valued at $2.95 million.
• Analysts have set a consensus rating of "Moderate Buy" for QCOM, with an average target price of $182.82, while recent reports indicate price targets as high as $225.00.
• QUALCOMM reported $2.77 EPS in its latest quarterly earnings, beating expectations, and has declared a quarterly dividend of $0.89, reflecting a 2.1% yield.

GC Wealth Management RIA LLC grew its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 62.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,507 shares of the wireless technology company's stock after purchasing an additional 7,108 shares during the period. GC Wealth Management RIA LLC's holdings in QUALCOMM were worth $2,947,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC lifted its position in shares of QUALCOMM by 70.0% during 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 in the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in shares of QUALCOMM by 122.4% during 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 acquiring an additional 93 shares during the period. WFA Asset Management Corp acquired a new position in shares of QUALCOMM during the first quarter valued at $27,000. Atticus Wealth Management LLC lifted its stake in shares of QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock valued at $34,000 after acquiring an additional 212 shares during the period. Finally, Abound Financial LLC acquired a new position in QUALCOMM during the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Analysts Set New Price Targets

QCOM has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research note on Tuesday, August 26th. Finally, Mizuho cut their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Trading Down 0.3%

Shares of QUALCOMM stock opened at $169.20 on Monday. The firm's 50-day moving average price is $158.67 and its two-hundred day moving average price is $152.88. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $182.57 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 2.45 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the company earned $2.33 EPS. The company'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, analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

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

Insider Buying and Selling at QUALCOMM

In related news, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares in the company, valued at approximately $65,213.68. The trade was a 40.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of company stock worth $2,026,291 over the last three months. Company 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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