Petrus Trust Company LTA Invests $485,000 in QUALCOMM Incorporated $QCOM

Key Points

• Petrus Trust Company LTA acquired 3,156 shares of QUALCOMM, valued at approximately $485,000, during the first quarter.
• QUALCOMM reported a earnings per share of $2.77 for the last quarter, exceeding analysts' estimates of $2.71, with a revenue increase of 10.4% year-over-year.
• The company declared a quarterly dividend of $0.89, with an annualized yield of 2.2%, to be paid on September 25th.

Petrus Trust Company LTA bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,156 shares of the wireless technology company's stock, valued at approximately $485,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of QUALCOMM during the first quarter worth approximately $529,713,000. GAMMA Investing LLC increased its holdings in shares of QUALCOMM by 20,700.4% in the first quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock valued at $501,192,000 after purchasing an additional 3,247,068 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in QUALCOMM by 17.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock worth $1,502,509,000 after purchasing an additional 1,424,106 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in QUALCOMM by 24.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock worth $1,114,403,000 after buying an additional 1,407,797 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in QUALCOMM in the 4th quarter valued at $204,085,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the sale, the insider directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,626 shares of company stock worth $1,948,054. Company insiders own 0.08% of the company's stock.

QUALCOMM Trading Up 0.1%

QCOM traded up $0.13 during mid-day trading on Friday, hitting $159.84. The stock had a trading volume of 7,951,227 shares, compared to its average volume of 6,680,516. The stock's fifty day simple moving average is $156.47 and its 200-day simple moving average is $152.18. The firm has a market capitalization of $172.47 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.32 and a beta of 1.21. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on QCOM shares. Piper Sandler cut their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Finally, Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

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.