Wendell David Associates Inc. Has $5.53 Million Stock Position in QUALCOMM Incorporated $QCOM

Wendell David Associates Inc. trimmed its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 34,747 shares of the wireless technology company’s stock after selling 86 shares during the period. Wendell David Associates Inc.’s holdings in QUALCOMM were worth $5,534,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC raised its stake in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 93 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 70 shares during the last quarter. Chung Wu Investment Group LLC bought a new position in QUALCOMM in the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. acquired a new stake in QUALCOMM during the 2nd quarter worth $32,000. Finally, Atticus Wealth Management LLC grew its holdings in QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after acquiring an additional 212 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM stock opened at $163.45 on Friday. The firm has a market capitalization of $176.36 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The company has a quick ratio of 2.38, a current ratio of 3.19 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 firm has a fifty day moving average of $162.00 and a 200-day moving average of $153.74.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. QUALCOMM’s dividend payout ratio is presently 34.33%.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the company’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 transaction, the chief financial officer directly owned 39,874 shares of the company’s stock, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares of the company’s stock, valued at approximately $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 159,767 shares of company stock worth $26,322,745. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on QCOM shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of QUALCOMM 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. JPMorgan Chase & Co. lifted their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Arete Research set a $200.00 target price on shares of QUALCOMM in a report on Tuesday, August 26th. Finally, Piper Sandler lowered their target price on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company 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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.