QUALCOMM Incorporated $QCOM Shares Sold by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 16.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,022 shares of the wireless technology company’s stock after selling 1,214 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in QUALCOMM were worth $959,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Magnus Financial Group LLC grew its stake in shares of QUALCOMM by 39.7% in the 2nd quarter. Magnus Financial Group LLC now owns 4,150 shares of the wireless technology company’s stock worth $661,000 after purchasing an additional 1,179 shares during the last quarter. Arlington Capital Management Inc. acquired a new position in shares of QUALCOMM in the 2nd quarter worth approximately $241,000. Retirement Guys Formula LLC grew its stake 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 during the last quarter. Jeppson Wealth Management LLC grew its stake 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 during the last quarter. Finally, McAdam LLC grew its stake 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 during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Performance

QCOM stock 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 cap 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 firm has a 50 day simple moving average of $158.04 and a 200 day simple moving average of $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 analysts’ consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

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 $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. QUALCOMM’s payout ratio is 34.33%.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the sale, the chief financial officer directly owned 39,874 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction 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 owned 21,193 shares of the company’s stock, valued at $3,102,655.20. The trade was a 7.02% 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. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on QCOM shares. Mizuho dropped their target price on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Arete Research set a $200.00 target price on shares of QUALCOMM in a research report on Tuesday, August 26th. UBS Group lifted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus target price 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.