Berkeley Capital Partners LLC Has $1.57 Million Stock Holdings in QUALCOMM Incorporated $QCOM

Berkeley Capital Partners LLC cut its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,886 shares of the wireless technology company’s stock after selling 902 shares during the period. Berkeley Capital Partners LLC’s holdings in QUALCOMM were worth $1,574,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC grew its stake in shares of 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 buying an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC grew its stake in shares of 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 valued at $26,000 after buying an additional 70 shares during the period. Chung Wu Investment Group LLC acquired a new stake in shares of QUALCOMM in the 2nd quarter valued at about $32,000. Harbor Asset Planning Inc. acquired a new stake in shares of QUALCOMM in the 2nd quarter valued at about $32,000. Finally, Atticus Wealth Management LLC grew its stake 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. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Price Performance

QUALCOMM stock opened at $167.04 on Tuesday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The company’s 50 day moving average price is $162.38 and its two-hundred day moving average price is $154.12. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock has a market cap of $180.24 billion, a P/E ratio of 16.11, a P/E/G ratio of 2.38 and a beta of 1.23.

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

QUALCOMM Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on QCOM. UBS Group raised their target price on QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Piper Sandler dropped their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Arete Research set a $200.00 price target on shares of QUALCOMM in a research report on Tuesday, August 26th. Finally, Citigroup reaffirmed a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.82.

Insider Buying and Selling

In related news, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the sale, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. The trade was a 50.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred 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 directly owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 168,102 shares of company stock worth $27,706,855 in the last three months. Insiders own 0.08% of the company’s stock.

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.