QUALCOMM Incorporated $QCOM Shares Acquired by Brookstone Capital Management

Key Points

• Brookstone Capital Management increased its stake in QUALCOMM by 6.2%, owning 58,241 shares worth approximately $9.3 million after purchasing an additional 3,417 shares in the second quarter.
• QUALCOMM reported a quarterly earnings per share (EPS) of $2.77, beating estimates by $0.06, with a revenue of $10.37 billion, marking a 10.4% year-over-year increase.
• The company declared a quarterly dividend of $0.89, set to be paid on December 18th, representing an annualized yield of 2.1% and a payout ratio of 34.33%.

Brookstone Capital Management raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,241 shares of the wireless technology company's stock after purchasing an additional 3,417 shares during the period. Brookstone Capital Management's holdings in QUALCOMM were worth $9,275,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC increased its position in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of QUALCOMM during the second quarter worth $32,000. Harbor Asset Planning Inc. acquired a new position in shares of QUALCOMM during the second quarter worth $32,000. Finally, Atticus Wealth Management LLC increased its position in shares of QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock valued at $34,000 after acquiring an additional 212 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $169.27 on Thursday. QUALCOMM Incorporated has a one year low of $120.80 and a one year 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 firm has a market cap of $182.64 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 2.46 and a beta of 1.23. The firm's fifty day moving average is $162.94 and its two-hundred day moving average is $154.32.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $10.33 billion. During the same period in the prior year, the company earned $2.33 earnings per share. The firm'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 expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM's dividend payout ratio is presently 34.33%.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the company's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the sale, the chief financial officer directly owned 36,541 shares of the company's stock, valued at approximately $6,067,998.46. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,102 shares of company stock valued at $27,706,855 in the last 90 days. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on QCOM shares. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Susquehanna upped their target price on QUALCOMM from $190.00 to $200.00 and gave the company a "positive" rating in a research report on Wednesday. Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a research report on Wednesday, October 8th. Finally, UBS Group upped their target price on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, QUALCOMM presently has an average rating of "Moderate Buy" and an average target price of $183.27.

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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