QUALCOMM Incorporated $QCOM Shares Purchased by Occidental Asset Management LLC

Key Points

• Occidental Asset Management LLC increased its stake in QUALCOMM by 5.4%, acquiring an additional 1,622 shares, bringing its total holdings to 31,793 shares valued at approximately $5.06 million.
• QUALCOMM reported a quarterly revenue of $10.37 billion and EPS of $2.77, surpassing analysts' expectations, and anticipates a future EPS range of 2.750-2.950 for Q4 2025.
• The company announced a $0.89 quarterly dividend, resulting in an annual yield of 2.1%, with an ex-dividend date set for September 4th.

Occidental Asset Management LLC boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,793 shares of the wireless technology company's stock after acquiring an additional 1,622 shares during the quarter. Occidental Asset Management LLC's holdings in QUALCOMM were worth $5,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC boosted its holdings in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in 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 valued at $26,000 after purchasing an additional 93 shares during the period. WFA Asset Management Corp purchased a new position in QUALCOMM in the first quarter valued at about $27,000. Mascagni Wealth Management Inc. purchased a new position in QUALCOMM in the fourth quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC purchased a new position in QUALCOMM in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $169.72 on Tuesday. 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 business has a 50 day moving average of $157.34 and a two-hundred day moving average of $152.39. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The company has a market cap of $183.13 billion, a P/E ratio of 16.37, a PEG ratio of 2.41 and a beta of 1.21.

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

QUALCOMM Announces Dividend

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 2.1%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is presently 34.33%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. UBS Group raised their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Mizuho cut their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and an average price target of $182.82.

Insider Buying and Selling

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the transaction, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction that occurred 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 transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders have sold 12,899 shares of company stock valued at $1,992,121. 0.08% of the stock is currently owned by insiders.

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.

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