QUALCOMM Incorporated $QCOM Shares Acquired by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 82.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,165 shares of the wireless technology company’s stock after buying an additional 2,335 shares during the period. Purkiss Capital Advisors LLC’s holdings in QUALCOMM were worth $823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC increased its position in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after buying an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC grew its position in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 70 shares during the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of QUALCOMM in the 2nd quarter valued at $32,000. Harbor Asset Planning Inc. purchased a new stake in QUALCOMM in the 2nd quarter valued at $32,000. Finally, Atticus Wealth Management LLC boosted its stake 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 purchasing an additional 212 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares in the company, valued at $6,067,998.46. The trade was a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,102 shares of company stock worth $27,706,855. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings upgraded shares of QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday. Piper Sandler dropped their price target on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, Susquehanna upped their price target on QUALCOMM from $190.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $183.73.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $187.68 on Tuesday. The stock has a market capitalization of $202.51 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.45 and a beta of 1.23. The business’s 50 day moving average is $163.97 and its two-hundred day moving average is $155.51. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. 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 (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period 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. Research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

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 paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.9%. QUALCOMM’s dividend payout ratio is 34.33%.

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.