Counterpoint Mutual Funds LLC Invests $335,000 in QUALCOMM Incorporated $QCOM

Counterpoint Mutual Funds LLC bought a new position in QUALCOMM Incorporated (NASDAQ:QCOM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,106 shares of the wireless technology company’s stock, valued at approximately $335,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Occidental Asset Management LLC grew its position in shares of QUALCOMM by 5.4% in the 2nd quarter. Occidental Asset Management LLC now owns 31,793 shares of the wireless technology company’s stock worth $5,063,000 after buying an additional 1,622 shares during the period. CHICAGO TRUST Co NA boosted its stake in QUALCOMM by 46.0% in the 2nd quarter. CHICAGO TRUST Co NA now owns 14,152 shares of the wireless technology company’s stock worth $2,254,000 after purchasing an additional 4,456 shares in the last quarter. Foster Group Inc. boosted its stake in QUALCOMM by 20.1% in the 2nd quarter. Foster Group Inc. now owns 1,720 shares of the wireless technology company’s stock worth $274,000 after purchasing an additional 288 shares in the last quarter. BlueSky Wealth Advisors LLC bought a new position in QUALCOMM in the 2nd quarter worth about $258,000. Finally, McGlone Suttner Wealth Management Inc. boosted its stake in QUALCOMM by 17.0% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 5,386 shares of the wireless technology company’s stock worth $858,000 after purchasing an additional 781 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an “outperform” rating in a research note on Monday, July 28th. Piper Sandler dropped their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Bank of America dropped their price target on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, June 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $182.82.

Insider Activity

In related news, CAO Neil Martin sold 791 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $234,240.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,100 shares of company stock valued at $2,026,291. 0.08% of the stock is owned by insiders.

QUALCOMM Price Performance

QCOM opened at $173.55 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The stock has a market capitalization of $187.26 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.45 and a beta of 1.21. The company’s 50-day simple moving average is $158.04 and its two-hundred day simple moving average is $152.66. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) 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 business had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the prior year, the business earned $2.33 EPS. The business’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. As a group, analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM’s dividend payout ratio is currently 34.33%.

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.