GM Advisory Group LLC Buys New Stake in QUALCOMM Incorporated $QCOM

GM Advisory Group LLC purchased a new position in QUALCOMM Incorporated (NASDAQ:QCOM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,798 shares of the wireless technology company’s stock, valued at approximately $764,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in QUALCOMM by 5.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 25,731 shares of the wireless technology company’s stock valued at $4,098,000 after buying an additional 1,314 shares in the last quarter. Vinva Investment Management Ltd lifted its holdings in shares of QUALCOMM by 88.0% during the second quarter. Vinva Investment Management Ltd now owns 164,251 shares of the wireless technology company’s stock valued at $26,040,000 after acquiring an additional 76,872 shares during the period. Vermillion & White Wealth Management Group LLC boosted its stake in shares of QUALCOMM by 63.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 276 shares of the wireless technology company’s stock valued at $44,000 after purchasing an additional 107 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its stake in shares of QUALCOMM by 62.0% in the 2nd quarter. Northwest & Ethical Investments L.P. now owns 98,605 shares of the wireless technology company’s stock valued at $15,701,000 after purchasing an additional 37,739 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of QUALCOMM by 27.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,700,109 shares of the wireless technology company’s stock worth $270,579,000 after purchasing an additional 371,350 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In related news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $172.87, for a total transaction of $276,592.00. Following the transaction, the insider owned 19,593 shares of the company’s stock, valued at $3,387,041.91. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at $24,718,770.24. The trade was a 50.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 167,791 shares of company stock valued at $27,781,124. Insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

QUALCOMM stock opened at $165.14 on Friday. The business’s 50-day simple moving average is $169.34 and its 200 day simple moving average is $160.27. 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 $176.86 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 2.59 and a beta of 1.26. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95.

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

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given 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 presently 72.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Arete Research set a $200.00 price target on shares of QUALCOMM in a report on Tuesday, August 26th. Susquehanna set a $210.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Citigroup lifted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, November 6th. Finally, Wells Fargo & Company increased their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. One equities research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.38.

QUALCOMM Company 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.