RBA Wealth Management LLC Purchases 228 Shares of QUALCOMM Incorporated $QCOM

RBA Wealth Management LLC lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,819 shares of the wireless technology company’s stock after acquiring an additional 228 shares during the quarter. QUALCOMM makes up about 1.8% of RBA Wealth Management LLC’s portfolio, making the stock its 24th biggest holding. RBA Wealth Management LLC’s holdings in QUALCOMM were worth $4,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its position in QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after buying an additional 58,764,593 shares during the last quarter. Nuveen LLC purchased a new position in QUALCOMM in the first quarter worth about $529,713,000. GAMMA Investing LLC raised its stake in QUALCOMM by 20,700.4% in the first quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company’s stock worth $501,192,000 after buying an additional 3,247,068 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in QUALCOMM by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock valued at $1,114,403,000 after purchasing an additional 1,407,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in QUALCOMM by 222.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company’s stock valued at $212,800,000 after acquiring an additional 956,311 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on QCOM shares. Piper Sandler lowered their target price on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, July 31st. Arete Research set a $200.00 target price on shares of QUALCOMM in a research note on Tuesday, August 26th. Citigroup restated a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. JPMorgan Chase & Co. increased their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

QUALCOMM Price Performance

NASDAQ QCOM opened at $169.20 on Friday. The business’s fifty day moving average is $158.67 and its 200 day moving average is $152.87. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a market capitalization of $182.57 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 2.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were given a dividend of $0.89 per share. The ex-dividend date was Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is 34.33%.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the sale, the chief financial officer directly owned 39,874 shares of the company’s stock, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Neil Martin sold 791 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares of the company’s stock, valued at $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,100 shares of company stock valued at $2,026,291. Corporate insiders own 0.08% of the company’s stock.

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.