Econ Financial Services Corp Purchases New Shares in QUALCOMM Incorporated $QCOM

Econ Financial Services Corp purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,734 shares of the wireless technology company’s stock, valued at approximately $1,952,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Guinness Asset Management LTD increased its holdings in QUALCOMM by 11.6% in the 2nd quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after buying an additional 5,779 shares during the period. CORDA Investment Management LLC. increased its stake in QUALCOMM by 18.6% in the second quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after acquiring an additional 3,524 shares during the last quarter. Westerkirk Capital Inc. bought a new position in QUALCOMM in the second quarter valued at approximately $4,539,000. MASTERINVEST Kapitalanlage GmbH acquired a new position in QUALCOMM during the second quarter valued at approximately $3,896,000. Finally, Great Lakes Retirement Inc. lifted its stake in QUALCOMM by 8.0% during the second quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company’s stock worth $3,454,000 after purchasing an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. UBS Group lifted their target price on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Susquehanna set a $210.00 price target on shares of QUALCOMM in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a report on Monday. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.94.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $171.05 on Friday. The firm has a market capitalization of $183.19 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 3.75 and a beta of 1.22. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. The business’s 50-day moving average price is $173.31 and its 200-day moving average price is $164.34. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95.

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

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is presently 72.80%.

Insider Activity at QUALCOMM

In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of QUALCOMM stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the transaction, the executive vice president directly owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. The trade was a 23.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Patricia Y. Grech sold 513 shares of the stock in a transaction dated 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 sale, the chief accounting officer directly owned 203 shares of the company’s stock, valued at approximately $32,672.85. The trade was a 71.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 49,822 shares of company stock valued at $8,689,984 in the last quarter. Insiders own 0.08% of the company’s stock.

QUALCOMM 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.