Lafayette Investments Inc. Makes New $445,000 Investment in QUALCOMM Incorporated $QCOM

Key Points

• Lafayette Investments Inc. has made a new investment of $445,000 in QUALCOMM Incorporated (NASDAQ:QCOM), acquiring 2,794 shares as disclosed in a recent SEC filing.
• Recently, insider trading activity was reported, with CAO Neil Martin selling 791 shares and CEO Cristiano Amon selling 150,000 shares of QUALCOMM stock, significantly reducing their ownership positions.
• QUALCOMM's quarterly earnings exceeded expectations, reporting $2.77 EPS and $10.37 billion in revenue, which is a 10.4% increase compared to the same quarter last year.

Lafayette Investments Inc. purchased a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,794 shares of the wireless technology company's stock, valued at approximately $445,000.

A number of other large investors have also modified their holdings of the stock. Brighton Jones LLC raised its position in 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 purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after buying an additional 340 shares during the period. GAMMA Investing LLC raised its holdings in QUALCOMM by 35.4% in the first quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company's stock valued at $3,263,000 after acquiring an additional 5,555 shares in the last quarter. Live Oak Private Wealth LLC lifted its stake in QUALCOMM by 0.6% in the first quarter. Live Oak Private Wealth LLC now owns 50,258 shares of the wireless technology company's stock worth $7,720,000 after acquiring an additional 283 shares during the last quarter. Finally, Jmac Enterprises LLC grew its holdings in QUALCOMM by 42.0% during the 1st quarter. Jmac Enterprises LLC now owns 4,607 shares of the wireless technology company's stock worth $708,000 after acquiring an additional 1,363 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,102 shares of company stock worth $27,706,855 in the last three months. Company insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Piper Sandler cut their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Finally, Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. One equities research 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 given a Sell rating to the company. According to MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Up 2.2%

Shares of NASDAQ QCOM opened at $167.04 on Tuesday. The business has a 50-day moving average price of $162.38 and a 200 day moving average price of $154.12. The stock has a market cap of $180.24 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly 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. The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. 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 declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. QUALCOMM's dividend payout ratio is currently 34.33%.

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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