Smartleaf Asset Management LLC Purchases 1,623 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Smartleaf Asset Management LLC has increased its stake in QUALCOMM Incorporated by 16.6% during the first quarter, now holding 11,407 shares valued at approximately $1.74 million.
• Several institutional investors, including Nuveen LLC and Goldman Sachs, have also significantly boosted their positions in QUALCOMM, with institutional ownership now at 74.35%.
• QUALCOMM reported a quarterly EPS of $2.77, exceeding estimates, with a revenue of $10.37 billion, and has declared a quarterly dividend of $0.89 per share.

Smartleaf Asset Management LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 16.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,407 shares of the wireless technology company's stock after buying an additional 1,623 shares during the period. Smartleaf Asset Management LLC's holdings in QUALCOMM were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new position in QUALCOMM in the 4th quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC increased its position in QUALCOMM by 70.0% in the 1st 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 last quarter. WFA Asset Management Corp acquired a new position in QUALCOMM in the 1st quarter worth about $27,000. Sunbeam Capital Management LLC acquired a new position in QUALCOMM in the 4th quarter worth about $29,000. Finally, Mascagni Wealth Management Inc. acquired a new position in QUALCOMM in the 4th quarter worth about $30,000. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

NASDAQ:QCOM traded up $2.75 during mid-day trading on Tuesday, hitting $159.17. 9,171,973 shares of the company's stock traded hands, compared to its average volume of 8,370,193. The firm has a 50 day moving average of $155.63 and a two-hundred day moving average of $152.85. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The firm has a market capitalization of $171.74 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the company earned $2.33 EPS. The firm'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. On average, equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

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

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction 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. This represents a 41.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were 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 of the company's stock, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,390 shares of company stock worth $1,874,817 in the last 90 days. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

QCOM has been the topic of several research reports. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday. Bank of America decreased their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. UBS Group upped their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target for the company in a research note on Tuesday. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average 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.