Stockman Wealth Management Inc. Buys 24,564 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Stockman Wealth Management Inc. increased its shareholding in QUALCOMM by 50.2%, acquiring an additional 24,564 shares in the second quarter, bringing its total to 73,455 shares, valued at approximately $11.7 million.
• QUALCOMM reported a 10.4% increase in quarterly revenue year-over-year, achieving a net margin of 26.77% and earnings per share of $2.77, surpassing estimates.
• The company declared a $0.89 quarterly dividend, translating to an annualized yield of 2.1% and a payout ratio of 34.33%.

Stockman Wealth Management Inc. raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 50.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,455 shares of the wireless technology company's stock after purchasing an additional 24,564 shares during the quarter. QUALCOMM accounts for approximately 1.6% of Stockman Wealth Management Inc.'s portfolio, making the stock its 22nd largest position. Stockman Wealth Management Inc.'s holdings in QUALCOMM were worth $11,698,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. WFA Asset Management Corp purchased a new position in shares of QUALCOMM in the 1st quarter worth about $27,000. Vermillion & White Wealth Management Group LLC increased its position in shares of 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 worth $26,000 after purchasing an additional 93 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in shares of 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 worth $26,000 after purchasing an additional 70 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in QUALCOMM during the fourth quarter valued at approximately $30,000. Finally, Atticus Wealth Management LLC grew its position in QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock valued at $34,000 after acquiring an additional 212 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $169.20 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The firm has a market capitalization of $182.57 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 2.45 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 stock's fifty day moving average is $158.67 and its two-hundred day moving average is $152.87.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM's payout ratio is currently 34.33%.

Analyst Ratings Changes

Several analysts recently weighed in on QCOM shares. Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Tuesday, August 26th. 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

Insider Transactions at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the transaction, the insider directly owned 21,193 shares of the company's stock, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the sale, the chief financial officer directly owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,100 shares of company stock worth $2,026,291 over the last quarter. 0.08% of the stock is owned by corporate insiders.

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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