Fortis Capital Advisors LLC Invests $247,000 in QUALCOMM Incorporated $QCOM

Fortis Capital Advisors LLC bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,548 shares of the wireless technology company’s stock, valued at approximately $247,000.

A number of other institutional investors also recently modified their holdings of the company. Precedent Wealth Partners LLC boosted its holdings in shares of QUALCOMM by 20.3% during the second quarter. Precedent Wealth Partners LLC now owns 12,287 shares of the wireless technology company’s stock worth $1,957,000 after purchasing an additional 2,077 shares during the period. Fairvoy Private Wealth LLC lifted its holdings in QUALCOMM by 6.6% in the second quarter. Fairvoy Private Wealth LLC now owns 2,457 shares of the wireless technology company’s stock worth $391,000 after buying an additional 152 shares during the period. Franklin Street Advisors Inc. NC lifted its holdings in QUALCOMM by 6.9% in the second quarter. Franklin Street Advisors Inc. NC now owns 71,110 shares of the wireless technology company’s stock worth $11,325,000 after buying an additional 4,587 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in QUALCOMM by 7.1% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,022 shares of the wireless technology company’s stock worth $2,711,000 after buying an additional 1,131 shares during the period. Finally, Abundance Wealth Counselors lifted its holdings in QUALCOMM by 0.9% in the second quarter. Abundance Wealth Counselors now owns 7,861 shares of the wireless technology company’s stock worth $1,267,000 after buying an additional 70 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 791 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares of the company’s stock, valued at $171,230.92. The trade was a 41.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, 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 have sold a total of 159,767 shares of company stock worth $26,322,745 in the last 90 days. Insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 0.2%

NASDAQ:QCOM opened at $169.18 on Friday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a market cap of $182.55 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23. The company has a 50 day simple moving average of $159.51 and a two-hundred day simple moving average of $153.25.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping 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 previous year, the firm posted $2.33 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. QUALCOMM’s payout ratio is 34.33%.

Wall Street Analyst Weigh In

QCOM has been the subject of several research analyst reports. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the stock an “outperform” rating in a report on Monday, July 28th. Mizuho lowered their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Citigroup restated a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from 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.