Rooted Wealth Advisors Inc. Takes $322,000 Position in QUALCOMM Incorporated $QCOM

Key Points

• Rooted Wealth Advisors Inc. has acquired 2,047 shares of QUALCOMM valued at approximately $322,000, highlighting continued interest from institutional investors in the tech company.
• QUALCOMM's CFO and CAO have recently sold shares, with insider sales totaling 12,899 shares worth nearly $2 million in the last ninety days.
• The company announced a quarterly dividend of $0.89, resulting in an annualized yield of 2.1%, with the ex-dividend date set for September 4th.

Rooted Wealth Advisors Inc. purchased a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,047 shares of the wireless technology company's stock, valued at approximately $322,000.

Several other large investors have also bought and sold shares of the business. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM in the first quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC increased its stake 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 during the period. Mascagni Wealth Management Inc. acquired a new position in shares of QUALCOMM in the fourth quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of QUALCOMM during the 4th quarter valued at $31,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

QCOM traded up $2.87 on Monday, reaching $169.72. 6,189,618 shares of the stock were exchanged, compared to its average volume of 7,539,627. The company's 50-day moving average price is $157.34 and its 200 day moving average price is $152.39. The firm has a market capitalization of $183.13 billion, a PE ratio of 16.37, a PEG ratio of 2.41 and a beta of 1.21. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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 return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the firm posted $2.33 EPS. The firm's revenue for the quarter 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, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM's payout ratio is 34.33%.

Insider Activity

In related 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 transaction of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares in the company, valued at $65,213.68. This represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,899 shares of company stock valued at $1,992,121 over the last quarter. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on QCOM. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Piper Sandler cut their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. Mizuho cut their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Finally, Rosenblatt Securities restated a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, QUALCOMM currently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

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.