Wealth Alliance LLC Has $718,000 Holdings in QUALCOMM Incorporated $QCOM

Wealth Alliance LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 14.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,505 shares of the wireless technology company’s stock after selling 769 shares during the quarter. Wealth Alliance LLC’s holdings in QUALCOMM were worth $718,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vermillion & White Wealth Management Group LLC increased its position in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 93 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in shares of QUALCOMM in the 2nd quarter valued at about $32,000. Harbor Asset Planning Inc. purchased a new position in shares of QUALCOMM during the second quarter valued at approximately $32,000. Atticus Wealth Management LLC lifted its holdings 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 valued at $34,000 after acquiring an additional 212 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of QUALCOMM by 44.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 256 shares of the wireless technology company’s stock valued at $39,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

NASDAQ QCOM traded up $1.12 during trading hours on Thursday, hitting $177.79. The company had a trading volume of 1,028,594 shares, compared to its average volume of 8,725,164. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $168.37 and a 200-day simple moving average of $158.63. 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 cap of $190.42 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26.

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

QUALCOMM Dividend Announcement

The firm 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 dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is 72.80%.

Insider Activity

In other news, CAO Neil Martin sold 791 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares of the company’s stock, valued at $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $166.06, for a total value of $1,384,110.10. Following the sale, the chief financial officer directly owned 36,541 shares in the company, valued at $6,067,998.46. This trade represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 168,305 shares of company stock valued at $27,858,392. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on QCOM shares. Citigroup raised their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. TD Cowen upped their price objective on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Arete upgraded shares of 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. Mizuho upped their price objective on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Susquehanna set a $210.00 price target on shares of QUALCOMM in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $190.38.

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.