Qualcomm Incorporated $QCOM Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. grew its position in Qualcomm Incorporated (NASDAQ:QCOM) by 33.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,773 shares of the wireless technology company’s stock after acquiring an additional 6,016 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Qualcomm were worth $4,375,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QCOM. ABS Investment Management LLC purchased a new stake in Qualcomm in the 2nd quarter worth about $34,000. ABS Direct Equity Fund LLC bought a new stake in Qualcomm in the second quarter worth about $34,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Qualcomm during the third quarter valued at approximately $35,000. Team Financial Group LLC purchased a new position in shares of Qualcomm during the third quarter valued at approximately $38,000. Finally, Burk Holdings LLC boosted its position in shares of Qualcomm by 191.7% during the second quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company’s stock valued at $39,000 after buying an additional 138 shares during the period. Institutional investors own 74.35% of the company’s stock.

Qualcomm Price Performance

Qualcomm stock opened at $173.53 on Wednesday. The stock has a market cap of $185.68 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 2.71 and a beta of 1.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.86 and a quick ratio of 1.14. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The firm has a 50-day moving average of $178.31 and a two-hundred day moving average of $169.68.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.12 billion. Qualcomm had a net margin of 31.60% and a return on equity of 30.62%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.00 EPS. On average, research analysts forecast that Qualcomm Incorporated will post 7.15 earnings per share for the current year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be issued a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. Qualcomm’s payout ratio is presently 28.98%.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Automotive revenue reportedly reached a record $1.99 billion, up 89%, and Qualcomm expects non-handset revenue to grow more than 60% in fiscal 2027. Those businesses could help offset softness in smartphones. Article
• Positive Sentiment: ETFs recorded $28.3 million in net QCOM purchases on Nov. 5, with more funds adding shares than trimming them—one indication of institutional demand. Article
• Neutral Sentiment: EVP Heather Ace sold 3,200 shares under a pre-arranged Rule 10b5-1 plan and retained 39,379 shares, making the transaction a less direct signal about her view of the company. SEC filing
• Negative Sentiment: Freedom Broker downgraded Qualcomm from Buy to Hold and cut its price target to $185 from $200, citing expectations that investment in newer growth businesses will pressure margins longer than anticipated. Article
• Negative Sentiment: Handset revenue reportedly fell 26%, while earnings guidance was below expectations, renewing concerns about the company’s dependence on its smartphone-chip business. Article

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of analyst reports. Piper Sandler reaffirmed a “neutral” rating on shares of Qualcomm in a research note on Thursday, November 5th. HSBC reissued a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Benchmark dropped their price objective on Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a report on Monday, July 27th. Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Rosenblatt Securities reduced their target price on Qualcomm from $235.00 to $205.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $197.13.

Insider Buying and Selling

In other Qualcomm news, CEO Cristiano Amon sold 10,000 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer directly owned 177,568 shares in the company, valued at $35,513,600. This trade represents a 5.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann Chaplin sold 1,827 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the transaction, the executive vice president owned 25,770 shares in the company, valued at $4,503,307.50. The trade was a 6.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,520 shares of company stock valued at $6,101,411 over the last 90 days. 0.05% of the stock is owned by insiders.

Qualcomm Profile

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications. Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.