Benjamin Edwards Inc. Increases Stake in QUALCOMM Incorporated $QCOM

Benjamin Edwards Inc. raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 332,876 shares of the wireless technology company’s stock after acquiring an additional 9,365 shares during the period. Benjamin Edwards Inc.’s holdings in QUALCOMM were worth $53,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCOM. Guinness Asset Management LTD raised its stake in shares of QUALCOMM by 11.6% in the second quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after acquiring an additional 5,779 shares during the period. CORDA Investment Management LLC. boosted its position in shares of QUALCOMM by 18.6% during the second quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after buying an additional 3,524 shares during the period. Westerkirk Capital Inc. bought a new position in shares of QUALCOMM during the second quarter valued at approximately $4,539,000. Great Lakes Retirement Inc. raised its holdings in shares of QUALCOMM by 8.0% in the second quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company’s stock worth $3,454,000 after buying an additional 1,610 shares during the period. Finally, Greatmark Investment Partners Inc. boosted its stake in shares of QUALCOMM by 3.1% during the second quarter. Greatmark Investment Partners Inc. now owns 174,945 shares of the wireless technology company’s stock valued at $27,862,000 after purchasing an additional 5,240 shares during the period. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Stock Down 1.6%

QUALCOMM stock opened at $178.29 on Friday. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The business has a fifty day moving average price of $170.72 and a 200-day moving average price of $162.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. The stock has a market capitalization of $190.95 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 3.97 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same period last year, the business posted $2.69 earnings per share. The firm’s revenue 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 forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. QUALCOMM’s dividend payout ratio is presently 72.80%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $170.33, for a total transaction of $567,709.89. Following the sale, the chief financial officer owned 33,208 shares in the company, valued at approximately $5,656,318.64. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Patricia Y. Grech sold 203 shares of QUALCOMM stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total value of $34,510.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 164,388 shares of company stock valued at $27,248,752. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on QCOM. Arete Research set a $200.00 price objective on shares of QUALCOMM in a report on Tuesday, August 26th. Wells Fargo & Company lifted their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Finally, Piper Sandler increased their price target on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $191.00.

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.