Harrell Investment Partners LLC Takes $769,000 Position in QUALCOMM Incorporated $QCOM

Key Points

• Harrell Investment Partners LLC acquired a new position in QUALCOMM valued at approximately $769,000 by purchasing 4,829 shares during the second quarter.
• Analyst upgrades for QUALCOMM include a "buy" rating from Arete with a price target of $200.00, while the consensus rating for the stock is "Moderate Buy" with an average target price of $182.82.
• QUALCOMM recently declared a quarterly dividend of $0.89 per share, yielding approximately 2.1%, with a payout ratio of 34.33%.

Harrell Investment Partners LLC purchased a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,829 shares of the wireless technology company's stock, valued at approximately $769,000.

Several other large investors have also modified their holdings of the business. WFA Asset Management Corp acquired a new stake in QUALCOMM during the first quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC boosted its position in 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 worth $26,000 after acquiring an additional 93 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in 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 acquiring an additional 70 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in QUALCOMM during the fourth quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in QUALCOMM during the fourth quarter worth approximately $31,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of analyst reports. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research report on Tuesday, August 26th. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. Finally, Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Stock Performance

QUALCOMM stock opened at $173.55 on Thursday. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The company has a market capitalization of $187.26 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 2.45 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 firm's fifty day moving average price is $158.04 and its 200 day moving average price is $152.66.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (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 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 firm posted $2.33 EPS. The firm's quarterly revenue 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, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

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

Insider Activity

In related news, CAO Patricia Y. Grech sold 201 shares of QUALCOMM 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 sale, the chief accounting officer owned 203 shares of the company's stock, valued at $34,510. The trade was a 49.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM 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 sale, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,100 shares of company stock worth $2,026,291. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Company 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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