Plancorp LLC Sells 550 Shares of QUALCOMM Incorporated $QCOM

Plancorp LLC lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,744 shares of the wireless technology company’s stock after selling 550 shares during the period. Plancorp LLC’s holdings in QUALCOMM were worth $1,393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arlington Capital Management Inc. bought a new position in QUALCOMM during the 2nd quarter valued at approximately $241,000. Retirement Guys Formula LLC increased its holdings in shares of QUALCOMM by 9.6% in the 2nd quarter. Retirement Guys Formula LLC now owns 10,638 shares of the wireless technology company’s stock worth $1,690,000 after purchasing an additional 932 shares in the last quarter. Jeppson Wealth Management LLC increased its holdings in shares of QUALCOMM by 0.6% in the 2nd quarter. Jeppson Wealth Management LLC now owns 16,040 shares of the wireless technology company’s stock worth $2,555,000 after purchasing an additional 95 shares in the last quarter. McAdam LLC increased its holdings in shares of QUALCOMM by 37.7% in the 2nd quarter. McAdam LLC now owns 3,088 shares of the wireless technology company’s stock worth $492,000 after purchasing an additional 845 shares in the last quarter. Finally, Harrell Investment Partners LLC bought a new stake in shares of QUALCOMM in the 2nd quarter worth $769,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

NASDAQ QCOM opened at $173.55 on Thursday. The company has a market capitalization of $187.26 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.45 and a beta of 1.21. 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 business’s fifty day moving average is $158.04 and its 200 day moving average is $152.66. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM) last released 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. The company had revenue of $10.37 billion for 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%.QUALCOMM’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 4th. QUALCOMM’s payout ratio is presently 34.33%.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction dated Thursday, August 21st. The stock was 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 of the company’s stock, valued at approximately $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the sale, the chief accounting officer directly owned 404 shares in the company, valued at $65,213.68. This trade represents a 40.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of company stock valued at $2,026,291 over the last three months. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on QCOM. Bank of America reduced their target price on QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, June 17th. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a report on Tuesday, August 26th. Mizuho cut their price objective on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.