Beacon Financial Advisory LLC Grows Position in QUALCOMM Incorporated $QCOM

Beacon Financial Advisory LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,456 shares of the wireless technology company’s stock after purchasing an additional 293 shares during the period. Beacon Financial Advisory LLC’s holdings in QUALCOMM were worth $1,665,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC boosted its position in QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in QUALCOMM by 122.4% in the 1st 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. WFA Asset Management Corp acquired a new position in shares of QUALCOMM during the 1st quarter worth approximately $27,000. Atticus Wealth Management LLC raised its stake in shares of QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after buying an additional 212 shares during the period. Finally, Abound Financial LLC acquired a new position in shares of QUALCOMM during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In related news, CAO Patricia Y. Grech sold 273 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares in the company, valued at $65,213.68. This trade represents a 40.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares of the company’s stock, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,767 shares of company stock worth $26,322,745 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the subject of several research analyst reports. JPMorgan Chase & Co. upped 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. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an “outperform” rating in a research note on Monday, July 28th. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Bank of America reduced their target price on QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, June 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $169.18 on Friday. The stock has a market cap of $182.55 billion, a PE ratio of 16.31, a P/E/G ratio of 2.47 and a beta of 1.23. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The stock has a fifty day simple moving average of $159.51 and a 200-day simple moving average of $153.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during 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%.The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders 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 dividend yield of 2.1%. QUALCOMM’s dividend payout ratio is currently 34.33%.

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.