Stockman Wealth Management Inc. Purchases 4,384 Shares of Qualcomm Incorporated $QCOM

Stockman Wealth Management Inc. increased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 5.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 84,820 shares of the wireless technology company's stock after purchasing an additional 4,384 shares during the period. Qualcomm accounts for approximately 1.6% of Stockman Wealth Management Inc.'s holdings, making the stock its 21st largest position. Stockman Wealth Management Inc.'s holdings in Qualcomm were worth $15,610,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. ABS Investment Management LLC bought a new stake in Qualcomm in the 2nd quarter valued at $34,000. ABS Direct Equity Fund LLC acquired a new position in shares of Qualcomm in the second quarter valued at $34,000. Your Advocates Ltd. LLP bought a new position in shares of Qualcomm in the first quarter valued at about $26,000. Burk Holdings LLC raised its position in shares of Qualcomm by 191.7% in the second quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company's stock valued at $39,000 after purchasing an additional 138 shares during the period. Finally, Harborfront Financial Group LLC acquired a new stake in shares of Qualcomm during the 2nd quarter worth about $41,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Robert W. Baird set a $400.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Oppenheimer set a $200.00 price objective on Qualcomm in a report on Monday, July 27th. Benchmark decreased their target price on Qualcomm from $300.00 to $270.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. Freedom Capital upgraded Qualcomm from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Qualcomm in a research note on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $205.83.

Qualcomm Trading Down 0.7%

QCOM stock opened at $182.97 on Thursday. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a market capitalization of $195.38 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 3.96 and a beta of 1.65. The company's 50-day simple moving average is $177.28 and its 200 day simple moving average is $169.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. Qualcomm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.77 EPS. As a group, sell-side analysts anticipate that Qualcomm Incorporated will post 7.71 earnings per share for the current year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 3rd. Qualcomm's payout ratio is presently 42.59%.

Insiders Place Their Bets

In other Qualcomm news, CAO Patricia Y. Grech sold 208 shares of the firm's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann C. Chaplin sold 1,827 shares of Qualcomm stock in a transaction on Friday, October 16th. The shares were sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the transaction, the executive vice president directly owned 25,770 shares of the company's stock, valued at $4,503,307.50. This represents a 6.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 33,458 shares of company stock valued at $6,198,144 in the last quarter. Company insiders own 0.05% of the company's stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s automotive business is emerging as a key growth driver, with reports highlighting record revenue and a 61% surge. Investors see the segment as helping reduce the company’s dependence on smartphones. Qualcomm Automotive Revenue Hits Record as AI Device Cycle Reshapes the Investment Case
• Positive Sentiment: Qualcomm is being positioned as an underappreciated AI beneficiary. Reports cite two hyperscaler custom-silicon agreements and potential upside from its Alphawave IP acquisition, suggesting expanding opportunities beyond handset chips. Qualcomm Stock Has an AI Opportunity Most Nvidia Investors May Be Overlooking
• Positive Sentiment: Qualcomm and Anduril are launching BlueChip, a U.S.-focused laptop initiative for defense, government and first-responder customers. The program could create new demand for Qualcomm processors while supporting secure, domestically oriented supply chains. Anduril, Qualcomm Partner on New Line of US-Made Laptops
• Neutral Sentiment: Technical coverage says QCOM has reclaimed an important price level, but questions remain about whether the move can hold. Another report notes that exchange-traded funds have been buying the shares, potentially offering some support.
• Negative Sentiment: Qualcomm is trading lower alongside semiconductor peers after weak guidance from NXP revived concerns about slowing automotive-chip demand. ON Semiconductor and NXP were particularly weak, broadening pressure across the sector. Auto Chip Worries Pressure Semiconductor Stocks
• Negative Sentiment: Analysts expect Qualcomm’s upcoming fourth-quarter earnings to decline, and a preview argues that the company may lack the catalysts needed for a likely earnings beat. This is reinforcing near-term caution ahead of results. Qualcomm Q4 Earnings Expected to Decline
• Negative Sentiment: Bernstein maintained a Hold rating, while broader semiconductor weakness has recently hurt QCOM and raised concerns about valuation, handset exposure and competitive pressure. Bernstein Keeps Hold Rating on Qualcomm

Qualcomm Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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