HORAN Wealth LLC Has $9.95 Million Stake in Qualcomm Incorporated $QCOM

HORAN Wealth LLC lifted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 102.0% during the first quarter, Holdings Channel.com reports. The firm owned 75,446 shares of the wireless technology company’s stock after buying an additional 38,094 shares during the quarter. Qualcomm accounts for 0.9% of HORAN Wealth LLC’s portfolio, making the stock its 20th biggest holding. HORAN Wealth LLC’s holdings in Qualcomm were worth $9,954,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Basepoint Wealth LLC boosted its position in shares of Qualcomm by 1.8% in the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after acquiring an additional 59 shares during the period. Baker Tilly Wealth Management LLC grew its stake in shares of Qualcomm by 1.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after acquiring an additional 64 shares in the last quarter. Dakota Community Bank & Trust NA increased its position in Qualcomm by 3.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after acquiring an additional 65 shares during the period. Burns J W & Co. Inc. NY raised its stake in Qualcomm by 2.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after purchasing an additional 66 shares in the last quarter. Finally, S.A. Mason LLC raised its stake in Qualcomm by 5.9% in the 4th quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company’s stock worth $204,000 after purchasing an additional 66 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Qualcomm Trading Down 0.8%

Shares of Qualcomm stock opened at $170.32 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a market capitalization of $179.52 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 5.10 and a beta of 1.63. The firm’s 50-day moving average price is $206.28 and its two-hundred day moving average price is $168.36.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same period in the previous year, the company earned $2.85 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts forecast that Qualcomm Incorporated will post 7.97 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Benchmark boosted their price objective on shares of Qualcomm from $225.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Argus set a $220.00 price target on shares of Qualcomm in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Summit Insights upgraded Qualcomm from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald set a $220.00 price target on Qualcomm and gave the stock a “neutral” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $219.76.

Insiders Place Their Bets

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,721 shares of company stock valued at $4,044,465 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.