Blossom Wealth Management Has $419,000 Stock Holdings in QUALCOMM Incorporated $QCOM

Blossom Wealth Management boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.3% during the second quarter, HoldingsChannel.com reports. The fund owned 2,634 shares of the wireless technology company’s stock after purchasing an additional 85 shares during the period. Blossom Wealth Management’s holdings in QUALCOMM were worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in QCOM. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of QUALCOMM by 565.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock worth $19,098,000 after buying an additional 105,631 shares in the last quarter. PFG Advisors grew its position in QUALCOMM by 8.0% in the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock valued at $663,000 after acquiring an additional 321 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in QUALCOMM by 3.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company’s stock valued at $28,979,000 after acquiring an additional 6,017 shares during the period. Russell Investments Group Ltd. raised its stake in QUALCOMM by 12.3% during the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock worth $203,904,000 after acquiring an additional 145,509 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in shares of QUALCOMM by 0.5% during the first quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company’s stock valued at $3,713,000 after acquiring an additional 129 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QCOM has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the stock an “outperform” rating in a research note on Monday, July 28th. Mizuho dropped their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. raised their price target on QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and a consensus target price of $182.82.

QUALCOMM Trading Down 0.3%

Shares of NASDAQ QCOM opened at $169.20 on Friday. The company’s 50 day simple moving average is $158.67 and its 200 day simple moving average is $152.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm has a market capitalization of $182.57 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.45 and a beta of 1.21.

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

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were issued 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 yield of 2.1%. QUALCOMM’s payout ratio is currently 34.33%.

Insider Activity

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

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.