Intelligence Driven Advisers LLC Acquires New Position in QUALCOMM Incorporated $QCOM

Key Points

• Intelligence Driven Advisers LLC invested approximately $430,000 in QUALCOMM by purchasing 2,701 shares during the second quarter.
• QUALCOMM reported a 10.4% increase in quarterly revenue year-over-year, with earnings per share of $2.77, surpassing analysts' expectations.
• The company will pay a quarterly dividend of $0.89 on September 25th, representing a 2.2% dividend yield.

Intelligence Driven Advisers LLC bought a new position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,701 shares of the wireless technology company's stock, valued at approximately $430,000.

Several other large investors also recently added to or reduced their stakes in the business. Rise Advisors LLC grew its position in QUALCOMM by 6.7% in the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock worth $161,000 after acquiring an additional 66 shares in the last quarter. Bell Investment Advisors Inc raised its stake in QUALCOMM by 4.6% during the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock valued at $231,000 after purchasing an additional 66 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in QUALCOMM by 2.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock valued at $509,000 after purchasing an additional 69 shares during the last quarter. Collaborative Wealth Managment Inc. raised its stake in shares of QUALCOMM by 5.1% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after buying an additional 69 shares in the last quarter. Finally, Thoroughbred Financial Services LLC lifted its holdings in QUALCOMM by 0.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock valued at $3,879,000 after purchasing an additional 69 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Down 0.8%

Shares of QUALCOMM stock traded down $1.28 during trading on Friday, reaching $166.85. 19,434,943 shares of the company traded hands, compared to its average volume of 6,952,979. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The company has a 50 day moving average price of $157.04 and a 200-day moving average price of $152.40. The firm has a market capitalization of $180.03 billion, a PE ratio of 16.09, a P/E/G ratio of 2.45 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating 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 company 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. QUALCOMM's quarterly revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal 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 issued a $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio is currently 34.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Bank of America decreased 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. Piper Sandler decreased their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Mizuho decreased their price objective 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. Arete Research set a $200.00 price objective on shares of QUALCOMM in a report on Tuesday, August 26th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

Insider Activity

In related news, insider Heather S. Ace sold 1,600 shares of the firm's 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 transaction, the insider directly owned 21,193 shares of the company's stock, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Patricia Y. Grech sold 273 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $161.42, for a total transaction of $44,067.66. Following the transaction, the chief accounting officer directly owned 404 shares in the company, valued at $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,899 shares of company stock valued at $1,992,121 over the last ninety days. 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.