Range Financial Group LLC Buys 912 Shares of QUALCOMM Incorporated $QCOM

Range Financial Group LLC boosted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,717 shares of the wireless technology company’s stock after purchasing an additional 912 shares during the quarter. Range Financial Group LLC’s holdings in QUALCOMM were worth $1,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in shares of QUALCOMM in the first quarter valued at about $529,713,000. GAMMA Investing LLC boosted its position in shares of QUALCOMM by 20,700.4% in the first quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company’s stock valued at $501,192,000 after acquiring an additional 3,247,068 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of QUALCOMM by 17.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company’s stock valued at $1,502,509,000 after acquiring an additional 1,424,106 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of QUALCOMM by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock valued at $1,114,403,000 after acquiring an additional 1,407,797 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of QUALCOMM in the fourth quarter valued at about $204,085,000. 74.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares of the company’s stock, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $234,240.00. Following the transaction, the insider directly owned 21,193 shares of the company’s stock, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,899 shares of company stock worth $1,992,121 in the last ninety days. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 0.4%

Shares of NASDAQ QCOM opened at $161.22 on Tuesday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $173.96 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.35 and a beta of 1.21. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The stock has a 50-day moving average price of $156.46 and a two-hundred day moving average price of $152.04.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion during 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 business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

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

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of recent research reports. Mizuho reduced their target price on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Tuesday, August 26th. Citigroup reaffirmed a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Bank of America dropped their price target on QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.82.

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.