RFG Advisory LLC Raises Stake in QUALCOMM Incorporated $QCOM

Key Points

• RFG Advisory LLC increased its stake in QUALCOMM by 24.4% during the second quarter, now holding 34,486 shares valued at approximately $5.49 million.
• QUALCOMM's stock opened at $161.78 and has seen an increase of 5.3% recently, with a market capitalization of $174.56 billion.
• The company reported earnings of $2.77 EPS for the last quarter, surpassing analyst expectations and marking a 10.4% year-over-year revenue increase.

RFG Advisory LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 24.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 34,486 shares of the wireless technology company's stock after purchasing an additional 6,762 shares during the period. RFG Advisory LLC's holdings in QUALCOMM were worth $5,492,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Advantage Inc. grew its position in QUALCOMM by 2.8% during the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock worth $375,000 after purchasing an additional 64 shares during the last quarter. Rise Advisors LLC lifted its stake in shares of QUALCOMM by 6.7% in the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock worth $161,000 after acquiring an additional 66 shares during the period. Bell Investment Advisors Inc lifted its stake in shares of QUALCOMM by 4.6% in the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock worth $231,000 after acquiring an additional 66 shares during the period. Collaborative Wealth Managment Inc. lifted its stake in shares of QUALCOMM by 5.1% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock worth $217,000 after acquiring an additional 69 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its stake in shares of QUALCOMM by 0.3% in the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after acquiring an additional 69 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Stock Up 5.3%

Shares of NASDAQ QCOM opened at $161.78 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. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The firm has a 50-day moving average price of $160.68 and a 200 day moving average price of $153.48. The stock has a market capitalization of $174.56 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter last year, the business earned $2.33 earnings per share. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Neil Martin sold 791 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock worth $26,322,745 in the last three months. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on QCOM. Citigroup restated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Weiss Ratings restated a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday, October 8th. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. raised their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Wall Street Zen cut 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 assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.

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