Planned Solutions Inc. Takes $336,000 Position in QUALCOMM Incorporated $QCOM

Key Points

• Planned Solutions Inc. has acquired a new stake in QUALCOMM Incorporated worth approximately $336,000, purchasing 2,108 shares during the 2nd quarter.
• The company recently announced a quarterly dividend of $0.89 per share, to be paid on December 18th, which represents an annual yield of 2.2%.
• Insider activities revealed that QUALCOMM's CAO and CFO sold shares amounting to over $566,000, indicating decreased ownership percentages for both executives.

Planned Solutions Inc. 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 2,108 shares of the wireless technology company's stock, valued at approximately $336,000.

Several other large investors have also modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of QUALCOMM in the second quarter valued at approximately $59,663,000. Quotient Wealth Partners LLC grew its position in shares of QUALCOMM by 4.6% in the second quarter. Quotient Wealth Partners LLC now owns 4,158 shares of the wireless technology company's stock valued at $662,000 after purchasing an additional 183 shares during the last quarter. Foster & Motley Inc. grew its position in shares of QUALCOMM by 40.7% in the second quarter. Foster & Motley Inc. now owns 41,417 shares of the wireless technology company's stock valued at $6,596,000 after purchasing an additional 11,980 shares during the last quarter. Huntleigh Advisors Inc. acquired a new stake in shares of QUALCOMM in the second quarter valued at approximately $1,012,000. Finally, Carmel Capital Partners LLC grew its position in shares of QUALCOMM by 70.6% in the second quarter. Carmel Capital Partners LLC now owns 28,159 shares of the wireless technology company's stock valued at $4,485,000 after purchasing an additional 11,653 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction that occurred on 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 owned 404 shares of the company's stock, valued at $65,213.68. This trade represents a 40.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 39,874 shares in the company, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock valued at $26,322,745 over the last 90 days. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $163.45 on Friday. 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 cap of $176.36 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.38 and a beta of 1.23. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm's 50 day moving average is $162.00 and its two-hundred day moving average is $153.74.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Wall Street Analyst Weigh In

QCOM has been the topic of several research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research report on Wednesday, October 8th. 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 report on Tuesday, August 26th. UBS Group upped their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. Finally, Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. One 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.