Richmond Investment Services LLC Acquires Shares of 1,354 QUALCOMM Incorporated $QCOM

Richmond Investment Services LLC bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,354 shares of the wireless technology company’s stock, valued at approximately $216,000.

Other hedge funds also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC increased its holdings 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 valued at $26,000 after buying an additional 93 shares during the period. Chung Wu Investment Group LLC acquired a new stake in shares of QUALCOMM during the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM in the second quarter valued at approximately $32,000. Winnow Wealth LLC acquired a new position in QUALCOMM during the second quarter valued at approximately $32,000. Finally, Atticus Wealth Management LLC lifted its stake in QUALCOMM by 21,200.0% during 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 during the last quarter. Institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. UBS Group raised their price objective on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Cowen reiterated a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Susquehanna set a $210.00 target price on shares of QUALCOMM in a report on Thursday, November 6th. Finally, Citigroup lifted their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.38.

QUALCOMM Trading Up 1.1%

QCOM opened at $165.14 on Thursday. 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 $205.95. The company’s 50 day moving average price is $169.40 and its two-hundred day moving average price is $160.24. The firm has a market capitalization of $176.86 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.59 and a beta of 1.26.

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

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s payout ratio is 72.80%.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the transaction, the chief financial officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction 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 directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 167,791 shares of company stock valued at $27,781,124 over the last three months. 0.08% of the stock is owned by insiders.

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.