Shorepoint Capital Partners LLC Acquires Shares of 40,236 QUALCOMM Incorporated $QCOM

Shorepoint Capital Partners LLC acquired a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 40,236 shares of the wireless technology company’s stock, valued at approximately $6,694,000. QUALCOMM accounts for 1.3% of Shorepoint Capital Partners LLC’s investment portfolio, making the stock its 25th biggest position.

Several other institutional investors also recently bought and sold shares of QCOM. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of 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 valued at $26,000 after buying an additional 93 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in QUALCOMM in the 2nd quarter worth $32,000. Harbor Asset Planning Inc. purchased a new stake in QUALCOMM in the second quarter valued at approximately $32,000. Winnow Wealth LLC acquired a new stake in shares of QUALCOMM in the second quarter worth $32,000. Finally, Lavaca Capital LLC acquired a new stake in QUALCOMM during the 2nd quarter worth about $32,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Up 0.5%

Shares of QUALCOMM stock opened at $179.26 on Tuesday. The company’s fifty day moving average is $170.94 and its two-hundred day moving average is $162.53. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The company has a market capitalization of $191.99 billion, a P/E ratio of 36.66, a PEG ratio of 3.91 and a beta of 1.22. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter last year, the business earned $2.69 EPS. The business’s revenue was up 10.0% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.0%. QUALCOMM’s payout ratio is presently 72.80%.

Insider Activity

In related news, CAO Patricia Y. Grech sold 203 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total value of $34,510.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $170.33, for a total transaction of $567,709.89. Following the completion of the transaction, the chief financial officer owned 33,208 shares in the company, valued at $5,656,318.64. The trade was a 9.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 164,388 shares of company stock worth $27,248,752 in the last three months. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

QCOM has been the topic of several recent analyst reports. UBS Group increased their target price on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Wells Fargo & Company boosted their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Arete Research set a $200.00 target price on QUALCOMM in a report on Tuesday, August 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a report on Monday, December 8th. Finally, Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and an average target price of $191.00.

QUALCOMM 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.