WP Advisors LLC Acquires 382 Shares of QUALCOMM Incorporated $QCOM

WP Advisors LLC grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,055 shares of the wireless technology company’s stock after buying an additional 382 shares during the quarter. WP Advisors LLC’s holdings in QUALCOMM were worth $1,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC lifted its position in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in QUALCOMM in the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. acquired a new position in QUALCOMM during the 2nd quarter worth $32,000. Atticus Wealth Management LLC boosted its position in QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 212 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its stake in shares of QUALCOMM by 44.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 256 shares of the wireless technology company’s stock valued at $39,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Down 1.2%

Shares of NASDAQ:QCOM opened at $174.50 on Friday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. 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 company has a market capitalization of $186.89 billion, a PE ratio of 16.83, a PEG ratio of 2.59 and a beta of 1.26. The company has a 50 day moving average price of $168.67 and a two-hundred day moving average price of $158.74.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $10.74 billion. During the same period last year, the firm posted $2.69 earnings per share. The business’s quarterly 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. Analysts forecast 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 will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is presently 72.80%.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $170.33, for a total transaction of $567,709.89. Following the completion of the sale, the chief financial officer directly owned 33,208 shares of the company’s stock, valued at approximately $5,656,318.64. This represents 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 this link. Also, 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 completion of the transaction, the insider directly owned 19,593 shares in the company, valued at approximately $3,387,041.91. The trade was a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 168,305 shares of company stock valued at $27,858,392. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Arete Research set a $200.00 price target on QUALCOMM in a report on Tuesday, August 26th. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Tuesday, August 26th. Mizuho lifted their price target on shares of QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. boosted their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $190.38.

About QUALCOMM

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.