WealthPlan Investment Management LLC Takes Position in QUALCOMM Incorporated $QCOM

Key Points

• WealthPlan Investment Management LLC has acquired a new position in QUALCOMM, purchasing 1,917 shares valued at approximately $305,000 in the second quarter.
• QUALCOMM reported $2.77 earnings per share for the last quarter, exceeding analysts' estimates, and set its Q4 2025 guidance at 2.750-2.950 EPS.
• The company announced a quarterly dividend of $0.89 per share, to be paid on December 18th, reflecting an annualized yield of 2.2%.

WealthPlan Investment Management LLC acquired a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,917 shares of the wireless technology company's stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of QCOM. New York State Teachers Retirement System lifted its stake in QUALCOMM by 0.3% in the 2nd quarter. New York State Teachers Retirement System now owns 1,011,551 shares of the wireless technology company's stock valued at $161,100,000 after acquiring an additional 3,034 shares in the last quarter. Davidson Investment Advisors raised its holdings in shares of QUALCOMM by 81.0% in the second quarter. Davidson Investment Advisors now owns 121,052 shares of the wireless technology company's stock valued at $19,279,000 after purchasing an additional 54,174 shares during the last quarter. Uptick Partners LLC bought a new stake in shares of QUALCOMM in the second quarter worth $217,000. Rosenberg Matthew Hamilton boosted its holdings in QUALCOMM by 6.3% during the second quarter. Rosenberg Matthew Hamilton now owns 1,766 shares of the wireless technology company's stock worth $281,000 after purchasing an additional 104 shares during the last quarter. Finally, IFG Advisors LLC bought a new position in QUALCOMM in the second quarter valued at $361,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Performance

QCOM opened at $163.45 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The business has a 50 day moving average of $162.00 and a 200-day moving average of $153.74. The stock has a market cap of $176.36 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.39 and a beta of 1.23.

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, topping analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the firm earned $2.33 EPS. The firm's revenue 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 research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM's payout ratio is 34.33%.

Insider Activity

In other QUALCOMM news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. 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 QUALCOMM stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, 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. Over the last 90 days, insiders sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on QCOM shares. Weiss Ratings restated a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday, October 8th. Mizuho reduced their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Piper Sandler decreased their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.