GK Wealth Management LLC Grows Position in QUALCOMM Incorporated $QCOM

GK Wealth Management LLC grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 14.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,965 shares of the wireless technology company’s stock after buying an additional 486 shares during the period. GK Wealth Management LLC’s holdings in QUALCOMM were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QCOM. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in QUALCOMM by 565.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock valued at $19,098,000 after acquiring an additional 105,631 shares during the last quarter. PFG Advisors grew its position in shares of QUALCOMM by 8.0% in the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock valued at $663,000 after purchasing an additional 321 shares in the last quarter. Teza Capital Management LLC purchased a new stake in shares of QUALCOMM in the fourth quarter valued at approximately $1,541,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of QUALCOMM by 3.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company’s stock valued at $28,979,000 after purchasing an additional 6,017 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in QUALCOMM by 12.3% during the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock worth $203,904,000 after buying an additional 145,509 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider owned 21,193 shares of the company’s stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 236 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total value of $37,372.96. Following the transaction, the chief accounting officer owned 677 shares of the company’s stock, valued at $107,209.72. This trade represents a 25.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,626 shares of company stock worth $1,948,054 over the last quarter. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several analyst reports. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a report on Tuesday, August 26th. Bank of America dropped their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, June 17th. Mizuho reduced their target price on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $182.82.

QUALCOMM Price Performance

Shares of QCOM opened at $161.83 on Monday. The firm has a 50-day simple moving average of $156.39 and a two-hundred day simple moving average of $152.01. The stock has a market cap of $174.61 billion, a PE ratio of 15.61, a P/E/G ratio of 2.35 and a beta of 1.21. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. 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 (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the business posted $2.33 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

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