QUALCOMM Incorporated $QCOM is Greatmark Investment Partners Inc.'s 9th Largest Position

Key Points

• Greatmark Investment Partners Inc. increased its stake in QUALCOMM by 3.1% during Q2, making it the company's 9th largest position with holdings valued at $27.86 million.
• Insiders, including CFO Akash J. Palkhiwala, sold a total of 168,102 shares over the past ninety days, indicating a significant reduction in their stock positions.
• Several brokerages have adjusted their target prices for QUALCOMM, ranging from $175.00 to $200.00, with the average price target set at $183.27.

Greatmark Investment Partners Inc. lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,945 shares of the wireless technology company's stock after purchasing an additional 5,240 shares during the quarter. QUALCOMM accounts for 3.5% of Greatmark Investment Partners Inc.'s portfolio, making the stock its 9th largest position. Greatmark Investment Partners Inc.'s holdings in QUALCOMM were worth $27,862,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC lifted its position in QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after buying an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its stake in shares of QUALCOMM by 122.4% in 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. Chung Wu Investment Group LLC purchased a new stake in shares of QUALCOMM during the second quarter worth $32,000. Harbor Asset Planning Inc. acquired a new stake in QUALCOMM during the second quarter valued at $32,000. Finally, Atticus Wealth Management LLC boosted its position in QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock valued at $34,000 after purchasing an additional 212 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 8,335 shares of the firm's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the completion of the transaction, the chief financial officer directly owned 36,541 shares of the company's stock, valued at approximately $6,067,998.46. This trade represents a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 168,102 shares of company stock valued at $27,706,855 in the last ninety days. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on QCOM. Mizuho dropped their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Susquehanna raised their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company a "positive" rating in a research report on Wednesday. Piper Sandler reduced 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. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, Arete Research set a $200.00 price target on shares of QUALCOMM in a report 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 issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $183.27.

QUALCOMM Price Performance

NASDAQ QCOM opened at $168.83 on Wednesday. The stock has a 50-day simple moving average of $162.68 and a 200 day simple moving average of $154.22. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The stock has a market capitalization of $182.17 billion, a PE ratio of 16.28, a P/E/G ratio of 2.43 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share 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 firm had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the firm earned $2.33 EPS. The business's revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given 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 dividend yield of 2.1%. QUALCOMM's payout ratio is currently 34.33%.

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.

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