Talon Private Wealth LLC Has $2.61 Million Stake in QUALCOMM Incorporated $QCOM

Key Points

• Talon Private Wealth LLC significantly increased its stake in QUALCOMM by 559.9%, now owning 16,900 shares valued at approximately $2.6 million.
• Wall Street analysts have varying outlooks on QUALCOMM, with price targets ranging from $145 to $245 and a consensus rating of "Moderate Buy".
• QUALCOMM reported higher than expected quarterly earnings, with EPS of $2.77 and revenue of $10.37 billion, reflecting a 10.4% year-over-year increase.

Talon Private Wealth LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 559.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,900 shares of the wireless technology company's stock after buying an additional 14,339 shares during the quarter. Talon Private Wealth LLC's holdings in QUALCOMM were worth $2,614,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of QUALCOMM by 565.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock worth $19,098,000 after acquiring an additional 105,631 shares in the last quarter. PFG Advisors boosted its stake in shares of QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock worth $663,000 after buying an additional 321 shares during the last quarter. Teza Capital Management LLC acquired a new position in shares of QUALCOMM during the 4th quarter worth about $1,541,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of QUALCOMM by 3.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock worth $28,979,000 after buying an additional 6,017 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of QUALCOMM by 12.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock worth $203,904,000 after buying an additional 145,509 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction dated 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the sale, the chief financial officer owned 39,874 shares of the company's stock, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,626 shares of company stock worth $1,948,054 in the last quarter. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

QCOM traded down $1.58 on Tuesday, reaching $158.66. The company had a trading volume of 6,118,504 shares, compared to its average volume of 6,720,706. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The stock has a market cap of $171.19 billion, a P/E ratio of 15.30, a P/E/G ratio of 2.33 and a beta of 1.21. The company's fifty day moving average is $156.49 and its 200 day moving average is $152.00. 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 announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS 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 business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the business earned $2.33 EPS. QUALCOMM's quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. QUALCOMM's dividend payout ratio is 34.33%.

Analyst Ratings Changes

A number of research firms have recently commented on QCOM. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Piper Sandler cut their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. Finally, Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Company 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.