Global Retirement Partners LLC Takes Position in QUALCOMM Incorporated $QCOM

Global Retirement Partners LLC acquired a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 18,243 shares of the wireless technology company’s stock, valued at approximately $2,905,000.

Other large investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC lifted its holdings in QUALCOMM by 122.4% in the 1st 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. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM in the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. acquired a new stake in QUALCOMM during the second quarter valued at approximately $32,000. Winnow Wealth LLC acquired a new stake in QUALCOMM during the second quarter valued at approximately $32,000. Finally, Atticus Wealth Management LLC boosted its holdings in QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after buying an additional 212 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on QCOM. JPMorgan Chase & Co. upped their price target on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Mizuho increased their price target on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Piper Sandler boosted their price objective on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, UBS Group raised their target price on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.38.

Insider Activity at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 8,335 shares of QUALCOMM stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 167,791 shares of company stock valued at $27,781,124. 0.08% of the stock is owned by insiders.

QUALCOMM Trading Down 1.1%

NASDAQ:QCOM opened at $163.30 on Wednesday. The stock has a market cap of $174.89 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The stock’s 50-day moving average is $169.40 and its two-hundred day moving average is $160.20.

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

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s payout ratio is currently 72.80%.

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.