Adage Capital Partners GP L.L.C. Reduces Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Adage Capital Partners GP L.L.C. decreased its stake in QUALCOMM by 4.8%, selling 50,100 shares, and now holds approximately 0.09% of the company valued at $151.86 million.
• Wall Street analysts show a mixed outlook on QUALCOMM, with price targets ranging from $175 to $225, and a consensus rating of "Moderate Buy."
• The company declared a quarterly dividend of $0.89 per share, with an annualized dividend yield of 2.2% and a payout ratio of 34.33%.

Adage Capital Partners GP L.L.C. lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 988,621 shares of the wireless technology company's stock after selling 50,100 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.09% of QUALCOMM worth $151,862,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Clark Capital Management Group Inc. raised its position in QUALCOMM by 3.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock worth $264,000 after acquiring an additional 59 shares in the last quarter. Westwood Holdings Group Inc. raised its position in QUALCOMM by 2.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock worth $509,000 after acquiring an additional 69 shares in the last quarter. Collaborative Wealth Managment Inc. raised its position in QUALCOMM by 5.1% in the first quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock worth $217,000 after acquiring an additional 69 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in QUALCOMM by 0.3% in the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after acquiring an additional 69 shares in the last quarter. Finally, Quadcap Wealth Management LLC raised its position in QUALCOMM by 0.6% in the first quarter. Quadcap Wealth Management LLC now owns 12,209 shares of the wireless technology company's stock worth $1,875,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on QCOM. Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. Mizuho lowered their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Piper Sandler lowered their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM currently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Price Performance

Shares of QCOM traded up $2.43 during trading hours on Thursday, reaching $159.71. 7,774,934 shares of the company traded hands, compared to its average volume of 8,334,869. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $172.33 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.34 and a beta of 1.21. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The stock has a fifty day simple moving average of $156.42 and a 200 day simple moving average of $152.53.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts predict 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, September 25th. Investors of record on Thursday, September 4th will be paid 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 presently 34.33%.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 236 shares of QUALCOMM stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total value of $37,372.96. Following the transaction, the chief accounting officer directly owned 677 shares of the company's stock, valued at $107,209.72. The trade was a 25.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the transaction, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,626 shares of company stock worth $1,948,054 in the last ninety days. 0.08% of the stock is currently owned by insiders.

QUALCOMM Company 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.