Insight Wealth Strategies LLC Purchases Shares of 28,616 QUALCOMM Incorporated $QCOM

Insight Wealth Strategies LLC acquired a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the third quarter, Holdings Channel.com reports. The fund acquired 28,616 shares of the wireless technology company’s stock, valued at approximately $4,761,000.

A number of other hedge funds have also recently made changes to their positions in the business. Greenfield Savings Bank raised its holdings in shares of QUALCOMM by 32.4% in the 3rd quarter. Greenfield Savings Bank now owns 2,663 shares of the wireless technology company’s stock worth $443,000 after acquiring an additional 651 shares during the last quarter. Nilsine Partners LLC increased its holdings in QUALCOMM by 14.2% during the 3rd quarter. Nilsine Partners LLC now owns 8,275 shares of the wireless technology company’s stock worth $1,377,000 after purchasing an additional 1,032 shares in the last quarter. Summit Financial Wealth Advisors LLC increased its holdings in QUALCOMM by 2.4% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 54,681 shares of the wireless technology company’s stock worth $9,104,000 after purchasing an additional 1,290 shares in the last quarter. Aaron Wealth Advisors LLC raised its stake in shares of QUALCOMM by 72.3% in the third quarter. Aaron Wealth Advisors LLC now owns 15,012 shares of the wireless technology company’s stock worth $2,497,000 after purchasing an additional 6,300 shares during the last quarter. Finally, Shorepoint Capital Partners LLC bought a new position in shares of QUALCOMM in the third quarter valued at approximately $6,694,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on QCOM shares. Arete Research set a $200.00 price target on QUALCOMM in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a report on Monday, December 8th. 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. Mizuho raised their price target on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Bank of America upped their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $191.00.

Insider Transactions at QUALCOMM

In other news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares in the company, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 513 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 164,388 shares of company stock worth $27,248,752 over the last quarter. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Trading Up 0.5%

NASDAQ QCOM opened at $179.26 on Tuesday. The business’s fifty day moving average is $170.94 and its 200-day moving average is $162.53. 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 stock has a market capitalization of $191.99 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 3.91 and a beta of 1.22. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95.

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

QUALCOMM Announces Dividend

The company also recently announced 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 is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. QUALCOMM’s payout ratio is presently 72.80%.

QUALCOMM Profile

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.