Strategies Wealth Advisors LLC Purchases New Stake in QUALCOMM Incorporated $QCOM

Key Points

• Strategies Wealth Advisors LLC has acquired a new stake in QUALCOMM, purchasing 2,950 shares valued at approximately $453,000 in the first quarter, reflecting growing institutional interest in the company.
• The company reported $2.77 earnings per share for the last quarter, surpassing estimates, with a year-over-year revenue increase of 10.4%.
• QUALCOMM announced a quarterly dividend of $0.89 per share, with an annualized yield of 2.3%, further enhancing its attractiveness to investors.

Strategies Wealth Advisors LLC bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,950 shares of the wireless technology company's stock, valued at approximately $453,000.

Several other large investors also recently modified their holdings of the stock. Eagle Strategies LLC raised its holdings in shares of QUALCOMM by 4.3% in the 4th quarter. Eagle Strategies LLC now owns 1,427 shares of the wireless technology company's stock valued at $219,000 after purchasing an additional 59 shares in the last quarter. Clark Capital Management Group Inc. lifted its holdings in QUALCOMM by 3.6% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock worth $264,000 after buying an additional 59 shares during the period. Westwood Holdings Group Inc. boosted its position in QUALCOMM by 2.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock valued at $509,000 after acquiring an additional 69 shares in the last quarter. Collaborative Wealth Managment Inc. increased its holdings in shares of QUALCOMM by 5.1% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after acquiring an additional 69 shares during the period. Finally, Thoroughbred Financial Services LLC raised its position in shares of QUALCOMM by 0.3% in the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $148.10, for a total value of $493,617.30. Following the transaction, the chief financial officer directly owned 43,207 shares in the company, valued at approximately $6,398,956.70. This trade represents a 7.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. 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. Company insiders own 0.08% of the company's stock.

QUALCOMM Price Performance

Shares of QCOM stock opened at $154.13 on Friday. The company has a market capitalization of $166.31 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month 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. The firm's 50-day moving average is $155.57 and its two-hundred day moving average is $153.30.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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 net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm earned $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. Analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio is presently 34.33%.

Analyst Ratings Changes

A number of research firms have recently weighed in on QCOM. Mizuho lowered their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Evercore ISI decreased their price target on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, Susquehanna reduced their target price on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a report on Thursday, May 1st. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $181.10.

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.

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