QUALCOMM Incorporated $QCOM Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 181.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,651 shares of the wireless technology company’s stock after buying an additional 23,606 shares during the quarter. Geneos Wealth Management Inc.’s holdings in QUALCOMM were worth $5,837,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its position in QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. Norges Bank purchased a new position in shares of QUALCOMM during the 2nd quarter worth approximately $2,713,603,000. Amundi lifted its holdings in shares of QUALCOMM by 38.2% in the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock valued at $1,866,451,000 after buying an additional 3,186,524 shares during the period. Viking Global Investors LP boosted its stake in shares of QUALCOMM by 120.1% in the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after buying an additional 1,720,529 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its stake in shares of QUALCOMM by 59.1% in the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock valued at $703,675,000 after buying an additional 1,641,068 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 1.6%

Shares of NASDAQ QCOM opened at $178.29 on Monday. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. The company has a market capitalization of $190.95 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 3.91 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. The firm’s 50-day moving average is $170.72 and its two-hundred day moving average is $162.31.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same period last year, the company posted $2.69 EPS. The company’s revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is presently 72.80%.

Wall Street Analyst Weigh In

QCOM has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Arete Research set a $200.00 price target on shares of QUALCOMM in a report on Tuesday, August 26th. Mizuho raised their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. TD Cowen upped their target price on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.00.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $170.33, for a total value of $567,709.89. Following the completion of the transaction, the chief financial officer owned 33,208 shares of the company’s stock, valued at approximately $5,656,318.64. The trade was a 9.12% 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 203 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total transaction of $34,510.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 164,388 shares of company stock worth $27,248,752. 0.08% of the stock is owned by company insiders.

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.