Fragasso Financial Advisors Inc Has $564,000 Position in QUALCOMM Incorporated $QCOM

Fragasso Financial Advisors Inc raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,542 shares of the wireless technology company’s stock after purchasing an additional 216 shares during the period. Fragasso Financial Advisors Inc’s holdings in QUALCOMM were worth $564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of QUALCOMM by 565.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock valued at $19,098,000 after purchasing an additional 105,631 shares during the last quarter. PFG Advisors increased its holdings 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 during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake 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 acquiring an additional 6,017 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of QUALCOMM by 12.3% in the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock valued at $203,904,000 after acquiring an additional 145,509 shares in the last quarter. Finally, Manchester Capital Management LLC grew its stake in shares of QUALCOMM by 0.5% in the first quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company’s stock valued at $3,713,000 after acquiring an additional 129 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Mizuho decreased their price target 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. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Piper Sandler decreased their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Finally, UBS Group upped their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

QUALCOMM Stock Up 1.8%

Shares of NASDAQ QCOM opened at $164.14 on Wednesday. The company has a 50 day simple moving average of $156.55 and a 200 day simple moving average of $152.13. The firm has a market cap of $177.11 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.34 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

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

Insider Buying and Selling at QUALCOMM

In related news, CAO Patricia Y. Grech sold 273 shares of the firm’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 value of $44,067.66. Following the completion of the transaction, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. This trade represents a 40.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Neil Martin sold 791 shares of the firm’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 transaction, the chief accounting officer owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. 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 90 days. Corporate insiders own 0.08% of the company’s stock.

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.