Capital Investment Counsel Inc Raises Stock Holdings in QUALCOMM Incorporated $QCOM

Capital Investment Counsel Inc increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 53,515 shares of the wireless technology company’s stock after acquiring an additional 354 shares during the period. QUALCOMM comprises 1.1% of Capital Investment Counsel Inc’s portfolio, making the stock its 15th biggest position. Capital Investment Counsel Inc’s holdings in QUALCOMM were worth $8,523,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC boosted its stake in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 93 shares during the period. Chung Wu Investment Group LLC bought a new stake in QUALCOMM during the 2nd quarter valued at about $32,000. Harbor Asset Planning Inc. purchased a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. Atticus Wealth Management LLC grew its stake in QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after acquiring an additional 212 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its stake in QUALCOMM by 44.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 256 shares of the wireless technology company’s stock worth $39,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 1.5%

QCOM opened at $176.67 on Thursday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm has a market cap of $189.21 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.59 and a beta of 1.26. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The stock has a fifty day moving average price of $168.37 and a 200-day moving average price of $158.63.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results 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. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given 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 yield of 2.0%. QUALCOMM’s dividend payout ratio is presently 72.80%.

Insider Buying and Selling

In other news, CAO Neil Martin sold 791 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. This represents a 41.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer owned 149,304 shares in the company, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 168,305 shares of company stock valued at $27,858,392 over the last quarter. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of several research analyst reports. Susquehanna set a $210.00 price target on shares of QUALCOMM in a research note on Thursday, November 6th. Bank of America lifted their target price on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wells Fargo & Company increased their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Rosenblatt Securities restated a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, November 6th. Finally, UBS Group increased their target price on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $190.38.

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.