Spartan Wealth Advisory Services LLC Invests $393,000 in Qualcomm Incorporated $QCOM

Key Points

• Spartan Wealth Advisory Services bought a new stake in Qualcomm in the first quarter, purchasing 3,051 shares worth about $393,000.
• Insider selling continued at Qualcomm, including CEO Cristiano R. Amon’s sale of 10,000 shares and CAO Patricia Y. Grech’s sale of 829 shares under pre-arranged trading plans.
• Qualcomm reported better-than-expected quarterly earnings with EPS of $2.65 versus $2.56 expected, and it also announced a quarterly dividend of $0.92 per share, yielding about 2.2% annually.

Spartan Wealth Advisory Services LLC purchased a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 3,051 shares of the wireless technology company's stock, valued at approximately $393,000.

A number of other institutional investors have also modified their holdings of QCOM. Arjuna Capital raised its position in shares of Qualcomm by 2.4% during the 1st quarter. Arjuna Capital now owns 9,717 shares of the wireless technology company's stock worth $1,251,000 after purchasing an additional 229 shares during the period. Ascent Wealth Partners LLC grew its stake in Qualcomm by 2.0% during the 1st quarter. Ascent Wealth Partners LLC now owns 39,669 shares of the wireless technology company's stock worth $5,109,000 after buying an additional 770 shares during the last quarter. Paces Ferry Wealth Advisors LLC grew its stake in Qualcomm by 11.8% during the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 3,026 shares of the wireless technology company's stock worth $390,000 after buying an additional 320 shares during the last quarter. Aviance Capital Partners LLC increased its position in Qualcomm by 9.4% in the first quarter. Aviance Capital Partners LLC now owns 4,601 shares of the wireless technology company's stock worth $592,000 after buying an additional 397 shares during the period. Finally, Aurora Investment Counsel increased its position in Qualcomm by 15.7% in the first quarter. Aurora Investment Counsel now owns 20,852 shares of the wireless technology company's stock worth $2,685,000 after buying an additional 2,837 shares during the period. Institutional investors own 74.35% of the company's stock.

Insider Transactions at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares of the company's stock, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 21,721 shares of company stock valued at $4,044,465. 0.05% of the stock is currently owned by company insiders.

Qualcomm Stock Performance

QCOM stock opened at $170.32 on Tuesday. The company has a 50-day simple moving average of $206.28 and a 200 day simple moving average of $168.36. The company has a market capitalization of $179.52 billion, a P/E ratio of 18.51, a PEG ratio of 5.10 and a beta of 1.63. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm's revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 7.97 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is 40.00%.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of recent research reports. Summit Insights upgraded Qualcomm from a "hold" rating to a "buy" rating in a research note on Thursday, April 30th. BNP Paribas Exane cut shares of Qualcomm to a "neutral" rating in a report on Wednesday, April 29th. Morgan Stanley upgraded shares of Qualcomm from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $146.00 to $231.00 in a research report on Thursday, June 25th. Susquehanna boosted their target price on shares of Qualcomm from $160.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, June 25th. Finally, Robert W. Baird set a $300.00 target price on shares of Qualcomm in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm presently has an average rating of "Hold" and an average price target of $219.76.

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

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