Berkshire Bank Acquires 257 Shares of QUALCOMM Incorporated $QCOM

Berkshire Bank increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,646 shares of the wireless technology company’s stock after purchasing an additional 257 shares during the quarter. Berkshire Bank’s holdings in QUALCOMM were worth $581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after buying an additional 9,343 shares during the period. Revolve Wealth Partners LLC increased its position in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after buying an additional 340 shares during the period. Westwood Holdings Group Inc. increased its position in shares of QUALCOMM by 2.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company’s stock valued at $509,000 after buying an additional 69 shares during the period. Woodline Partners LP purchased a new position in shares of QUALCOMM during the fourth quarter valued at about $7,234,000. Finally, Waverly Advisors LLC increased its position in shares of QUALCOMM by 42.2% during the fourth quarter. Waverly Advisors LLC now owns 37,487 shares of the wireless technology company’s stock valued at $5,759,000 after buying an additional 11,128 shares during the period. 74.35% of the stock is owned by institutional investors.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer directly owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $161.42, for a total transaction of $44,067.66. Following the sale, the chief accounting officer directly owned 404 shares of the company’s stock, valued at approximately $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,899 shares of company stock worth $1,992,121 in the last three months. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on QCOM shares. Citigroup reiterated a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research report on Tuesday, August 26th. Piper Sandler reduced their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus price target of $182.82.

QUALCOMM Stock Up 1.8%

Shares of QUALCOMM stock opened at $164.14 on Wednesday. The company has a market cap of $177.11 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 2.34 and a beta of 1.21. The company’s 50 day moving average is $156.55 and its 200 day moving average is $152.13. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data 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. The company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm’s revenue for the quarter 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. Research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. QUALCOMM’s dividend payout ratio is 34.33%.

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.