QUALCOMM Incorporated $QCOM Shares Purchased by Level Four Advisory Services LLC

Key Points

• Level Four Advisory Services LLC increased its holdings in QUALCOMM by 7.3%, now owning 56,681 shares valued at approximately $8.7 million.
• QUALCOMM reported earnings of $2.77 EPS for the last quarter, exceeding analysts' estimates, with revenue rising to $10.37 billion, a 10.4% increase year-over-year.
• The company declared a quarterly dividend of $0.89 per share, resulting in an annualized dividend yield of 2.3%.

Level Four Advisory Services LLC grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,681 shares of the wireless technology company's stock after acquiring an additional 3,877 shares during the quarter. Level Four Advisory Services LLC's holdings in QUALCOMM were worth $8,707,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QCOM. Brighton Jones LLC increased its stake in shares of QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC increased its position in QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares in the last quarter. Transce3nd LLC acquired a new stake in QUALCOMM during the 4th quarter worth approximately $59,000. Alta Advisers Ltd increased its position in QUALCOMM by 22.7% during the 4th quarter. Alta Advisers Ltd now owns 3,681 shares of the wireless technology company's stock worth $565,000 after purchasing an additional 681 shares in the last quarter. Finally, MGO One Seven LLC increased its position in QUALCOMM by 29.6% during the 4th quarter. MGO One Seven LLC now owns 22,028 shares of the wireless technology company's stock worth $3,384,000 after purchasing an additional 5,032 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Loop Capital dropped their target price on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Benchmark dropped their target price on shares of QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Susquehanna dropped their target price on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. UBS Group upped their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their price target on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $181.10.

QUALCOMM Stock Up 2.5%

Shares of QCOM stock traded up $3.88 during mid-day trading on Friday, reaching $158.01. 7,710,038 shares of the company were exchanged, compared to its average volume of 8,388,406. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company has a market capitalization of $170.49 billion, a P/E ratio of 15.24, a P/E/G ratio of 2.27 and a beta of 1.23. The business's 50 day simple moving average is $155.57 and its 200 day simple moving average is $153.30.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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. The company had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $148.10, for a total value of $493,617.30. Following the sale, the chief financial officer directly owned 43,207 shares in the company, valued at approximately $6,398,956.70. This trade represents a 7.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Neil Martin sold 791 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,390 shares of company stock worth $1,874,817. 0.08% of the stock is owned by insiders.

QUALCOMM 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.