Elevation Point Wealth Partners LLC Sells 1,469 Shares of QUALCOMM Incorporated $QCOM

Elevation Point Wealth Partners LLC lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.3% in the second quarter, HoldingsChannel reports. The firm owned 26,025 shares of the wireless technology company’s stock after selling 1,469 shares during the period. Elevation Point Wealth Partners LLC’s holdings in QUALCOMM were worth $4,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC increased its holdings 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 buying an additional 93 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in QUALCOMM during the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. acquired a new stake in QUALCOMM during the 2nd quarter valued at $32,000. Winnow Wealth LLC bought a new position in QUALCOMM in the 2nd quarter valued at $32,000. Finally, Atticus Wealth Management LLC boosted its stake in QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 212 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the completion of the transaction, the chief financial officer directly owned 36,541 shares in the company, valued at approximately $6,067,998.46. The trade was a 18.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. This represents a 50.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 167,791 shares of company stock worth $27,781,124 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group lifted their price target on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Citigroup boosted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, November 6th. Susquehanna set a $210.00 price target on shares of QUALCOMM in a report on Thursday, November 6th. Finally, Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.38.

QUALCOMM Trading Up 1.1%

Shares of NASDAQ QCOM opened at $165.14 on Thursday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The firm has a market capitalization of $176.86 billion, a P/E ratio of 15.92, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company’s 50 day simple moving average is $169.40 and its 200 day simple moving average is $160.24.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. The company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business 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. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.2%. QUALCOMM’s dividend payout ratio is presently 72.80%.

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.