QUALCOMM Incorporated $QCOM Shares Purchased by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC boosted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 23.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,435 shares of the wireless technology company’s stock after buying an additional 1,225 shares during the quarter. Journey Strategic Wealth LLC’s holdings in QUALCOMM were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC grew its holdings in 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 purchasing an additional 93 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in shares of QUALCOMM in the 2nd quarter worth about $32,000. Harbor Asset Planning Inc. acquired a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. Winnow Wealth LLC acquired a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. Finally, Atticus Wealth Management LLC increased 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 valued at $34,000 after acquiring an additional 212 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QCOM has been the topic of several recent research reports. Arete Research set a $200.00 price target on shares of QUALCOMM in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a research note on Wednesday. Wall Street Zen upgraded QUALCOMM from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. boosted their price target on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Bank of America upped their price objective on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.38.

Insider Activity at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction that occurred 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 approximately $24,718,770.24. This represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $170.33, for a total transaction of $567,709.89. Following the transaction, the chief financial officer directly owned 33,208 shares in the company, valued at approximately $5,656,318.64. This represents a 9.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 168,027 shares of company stock valued at $27,818,497 over the last three months. Insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

QCOM stock opened at $163.30 on Friday. The stock has a market capitalization of $174.89 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. 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 52-week low of $120.80 and a 52-week high of $205.95. The stock’s fifty day simple moving average is $169.34 and its 200-day simple moving average is $159.69.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same period in the prior year, the business posted $2.69 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS 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 given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. QUALCOMM’s dividend payout ratio (DPR) 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.