QUALCOMM Incorporated $QCOM Shares Sold by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,884 shares of the wireless technology company’s stock after selling 152 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in QUALCOMM were worth $1,096,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC lifted its position in QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after purchasing an additional 340 shares in the last quarter. GAMMA Investing LLC increased its position in shares of QUALCOMM by 35.4% during the first quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company’s stock worth $3,263,000 after purchasing an additional 5,555 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of QUALCOMM by 29.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 102,731 shares of the wireless technology company’s stock valued at $15,781,000 after purchasing an additional 23,171 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC grew its stake in QUALCOMM by 13.3% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 1,809 shares of the wireless technology company’s stock worth $278,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the subject of a number of research reports. UBS Group boosted their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of QUALCOMM in a research note on Wednesday, October 8th. Piper Sandler lowered their price objective 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 objective on shares of QUALCOMM in a research note on Tuesday, August 26th. Finally, Mizuho decreased their target price on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and a consensus price target of $182.82.

Insiders Place Their Bets

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was 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 of the company’s stock, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the company’s 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 transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,102 shares of company stock worth $27,706,855. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 1.1%

Shares of QUALCOMM stock opened at $168.83 on Wednesday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company has a market cap of $182.17 billion, a P/E ratio of 16.28, a PEG ratio of 2.43 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The firm has a fifty day moving average of $162.68 and a two-hundred day moving average of $154.22.

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

QUALCOMM Announces Dividend

The firm 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 $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.

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.