QUALCOMM Incorporated $QCOM Shares Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 24.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 27,969 shares of the wireless technology company’s stock after acquiring an additional 5,436 shares during the quarter. Belpointe Asset Management LLC’s holdings in QUALCOMM were worth $4,296,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of QCOM. Focus Partners Wealth boosted its holdings in QUALCOMM by 19.5% in the 1st quarter. Focus Partners Wealth now owns 889,635 shares of the wireless technology company’s stock worth $136,657,000 after acquiring an additional 145,408 shares during the period. Flaharty Asset Management LLC purchased a new stake in shares of QUALCOMM during the first quarter valued at approximately $90,000. Integrity Alliance LLC. lifted its position in shares of QUALCOMM by 287.8% during the first quarter. Integrity Alliance LLC. now owns 10,177 shares of the wireless technology company’s stock worth $1,563,000 after purchasing an additional 7,553 shares in the last quarter. Ransom Advisory Ltd purchased a new position in shares of QUALCOMM in the first quarter valued at $191,000. Finally, Anchor Investment Management LLC boosted its stake in shares of QUALCOMM by 13.6% in the first quarter. Anchor Investment Management LLC now owns 40,249 shares of the wireless technology company’s stock valued at $6,183,000 after purchasing an additional 4,818 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value 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. This represents a 7.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,626 shares of company stock worth $1,948,054 over the last ninety days. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective 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. Arete Research set a $200.00 price target on QUALCOMM in a research note on Tuesday, August 26th. Bank of America reduced their price target on QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, June 17th. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Tuesday, August 26th. Finally, Citigroup reaffirmed a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

QUALCOMM Stock Performance

QUALCOMM stock opened at $158.66 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a fifty day moving average price of $156.48 and a two-hundred day moving average price of $152.04. The company has a market cap of $171.19 billion, a PE ratio of 15.30, a P/E/G ratio of 2.33 and a beta of 1.21.

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

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. QUALCOMM’s dividend payout ratio is currently 34.33%.

QUALCOMM 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.