QUALCOMM Incorporated $QCOM Shares Sold by Archer Investment Corp

Archer Investment Corp lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 59.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,125 shares of the wireless technology company’s stock after selling 1,645 shares during the quarter. Archer Investment Corp’s holdings in QUALCOMM were worth $179,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of QUALCOMM by 122.4% in 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 last quarter. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM in the 2nd quarter worth $32,000. Harbor Asset Planning Inc. bought a new stake in QUALCOMM in the second quarter worth about $32,000. Winnow Wealth LLC acquired a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. Finally, Atticus Wealth Management LLC boosted its position in shares of QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on QCOM shares. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. TD Cowen boosted their target price on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. UBS Group raised their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Wall Street Zen raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Piper Sandler raised their target price on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.38.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares in the company, valued at approximately $24,718,770.24. The trade was a 50.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 513 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $160.95, for a total value of $82,567.35. Following the completion of the transaction, the chief accounting officer directly owned 203 shares in the company, valued at approximately $32,672.85. This trade represents a 71.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 168,027 shares of company stock valued at $27,818,497 in the last three months. Insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM stock opened at $163.30 on Friday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The stock’s fifty day moving average is $169.34 and its 200-day moving average is $159.69. The stock has a market capitalization of $174.89 billion, a PE ratio of 15.75, a PEG ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

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

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. QUALCOMM’s dividend payout ratio (DPR) is presently 72.80%.

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.