QUALCOMM Incorporated $QCOM Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.0% during the second quarter, HoldingsChannel reports. The firm owned 1,915,049 shares of the wireless technology company’s stock after purchasing an additional 73,398 shares during the quarter. QUALCOMM comprises approximately 0.6% of ProShare Advisors LLC’s portfolio, making the stock its 22nd biggest holding. ProShare Advisors LLC’s holdings in QUALCOMM were worth $304,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Vermillion & White Wealth Management Group LLC boosted its holdings 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 in the last quarter. Chung Wu Investment Group LLC acquired a new position in QUALCOMM during the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. purchased a new position in shares of QUALCOMM during the 2nd quarter worth approximately $32,000. Atticus Wealth Management LLC lifted its holdings in shares of QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 212 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of QUALCOMM by 44.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 256 shares of the wireless technology company’s stock valued at $39,000 after buying an additional 79 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer directly owned 36,541 shares of the company’s stock, valued at approximately $6,067,998.46. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 163,169 shares of company stock worth $26,978,998 over the last 90 days. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on QCOM. Wells Fargo & Company boosted their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday. Susquehanna set a $210.00 price target on QUALCOMM in a report on Thursday. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Tuesday, August 26th. UBS Group upped their target price on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Trading Down 1.3%

Shares of QCOM opened at $170.89 on Monday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a market capitalization of $183.02 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The stock has a fifty day moving average of $167.46 and a two-hundred day moving average of $158.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. The company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is 72.80%.

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.