Addison Capital Co Sells 2,975 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Addison Capital Co has reduced its holdings in QUALCOMM by 6.8%, selling 2,975 shares, leaving them with 40,701 shares, which account for 2.4% of their investment portfolio.
• Recent insider activity includes CAO Patricia Y. Grech selling 236 shares and Heather S. Ace selling 1,600 shares, both resulting in decreases in their ownership positions.
• QUALCOMM is set to distribute a quarterly dividend of $0.89 on September 25th, which represents an annual yield of 2.2% and a payout ratio of 34.33%.

Addison Capital Co lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,701 shares of the wireless technology company's stock after selling 2,975 shares during the period. QUALCOMM accounts for 2.4% of Addison Capital Co's investment portfolio, making the stock its 10th biggest position. Addison Capital Co's holdings in QUALCOMM were worth $6,252,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC boosted its stake in QUALCOMM by 3.4% in the 1st quarter. Jacobi Capital Management LLC now owns 19,029 shares of the wireless technology company's stock worth $2,923,000 after buying an additional 618 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in shares of QUALCOMM by 0.8% during the 1st quarter. Advisors Capital Management LLC now owns 449,245 shares of the wireless technology company's stock worth $69,009,000 after acquiring an additional 3,477 shares during the period. Chelsea Counsel Co. boosted its position in shares of QUALCOMM by 965.3% in the first quarter. Chelsea Counsel Co. now owns 5,518 shares of the wireless technology company's stock worth $848,000 after acquiring an additional 5,000 shares during the last quarter. McAdam LLC grew its holdings in QUALCOMM by 3.4% in the first quarter. McAdam LLC now owns 2,243 shares of the wireless technology company's stock valued at $345,000 after purchasing an additional 73 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in QUALCOMM by 12.3% in the first quarter. Geneos Wealth Management Inc. now owns 13,045 shares of the wireless technology company's stock valued at $2,004,000 after purchasing an additional 1,427 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other QUALCOMM news, CAO Patricia Y. Grech sold 236 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total value of $37,372.96. Following the completion of the transaction, the chief accounting officer owned 677 shares in the company, valued at approximately $107,209.72. This represents a 25.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the insider directly owned 21,193 shares of the company's stock, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,626 shares of company stock valued at $1,948,054. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Up 0.2%

Shares of NASDAQ:QCOM opened at $158.95 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company's fifty day moving average is $156.41 and its two-hundred day moving average is $152.09. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The stock has a market capitalization of $171.51 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. QUALCOMM's quarterly revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

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

Analyst Ratings Changes

QCOM has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. UBS Group boosted their price target on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Citigroup restated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.

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