Advisors Asset Management Inc. Reduces Position in QUALCOMM Incorporated $QCOM

Key Points

• Advisors Asset Management Inc. reduced its stake in QUALCOMM by 10.7%, owning 38,272 shares valued at approximately $5.88 million after selling 4,575 shares in the first quarter.
• QUALCOMM recently reported an earnings per share of $2.77, beating analysts' expectations, with quarterly revenue of $10.37 billion, a 10.4% increase from the previous year.
• The company has announced a quarterly dividend of $0.89 per share, set to be paid on September 25th, representing an annualized yield of 2.2%.

Advisors Asset Management Inc. cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,272 shares of the wireless technology company's stock after selling 4,575 shares during the period. Advisors Asset Management Inc.'s holdings in QUALCOMM were worth $5,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in QUALCOMM by 0.6% in the first quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company's stock worth $17,568,141,000 after buying an additional 638,284 shares during the last quarter. Invesco Ltd. raised its stake in shares of QUALCOMM by 2.2% in the first quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock valued at $1,512,458,000 after acquiring an additional 215,900 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 acquiring an additional 1,424,106 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of QUALCOMM by 5.3% during the 1st quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock worth $1,441,847,000 after purchasing an additional 471,648 shares during the period. Finally, Deutsche Bank AG grew its holdings in QUALCOMM by 11.2% during the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock valued at $1,331,170,000 after purchasing an additional 875,412 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction 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 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 ninety days, insiders sold 12,626 shares of company stock worth $1,948,054. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on QCOM. Piper Sandler decreased their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. UBS Group increased their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a research report on Tuesday, August 26th. Finally, Bank of America reduced their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Up 0.1%

NASDAQ QCOM traded up $0.13 on Friday, reaching $159.84. 7,951,227 shares of the stock traded hands, compared to its average volume of 6,534,241. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a market cap of $172.47 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.32 and a beta of 1.21. The company has a fifty day moving average price of $156.47 and a 200-day moving average price of $152.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the firm posted $2.33 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. 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 Dividend Announcement

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

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.