Cooper Financial Group Increases Stock Position in QUALCOMM Incorporated $QCOM

Cooper Financial Group grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,429 shares of the wireless technology company’s stock after buying an additional 398 shares during the period. Cooper Financial Group’s holdings in QUALCOMM were worth $1,024,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in QCOM. Atlantic Edge Private Wealth Management LLC boosted its position in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC boosted its position in QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 93 shares during the period. WFA Asset Management Corp purchased a new stake in QUALCOMM during the 1st quarter worth $27,000. Atticus Wealth Management LLC boosted its position in QUALCOMM by 21,200.0% during the 2nd 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 period. Finally, Abound Financial LLC purchased a new stake in QUALCOMM during the 1st quarter worth $39,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the transaction, the chief accounting officer owned 404 shares in the company, valued at approximately $65,213.68. This trade represents a 40.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,767 shares of company stock worth $1,488,745. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 0.1%

QCOM stock opened at $166.49 on Thursday. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. 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 company has a market cap of $179.64 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.41 and a beta of 1.23. The company has a 50 day moving average of $159.09 and a two-hundred day moving average of $153.12.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.89 per share. The ex-dividend date was Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio is 34.33%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on QCOM. Citigroup reaffirmed a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. UBS Group boosted their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Mizuho cut their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Bank of America cut their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, June 17th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.82.

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.