Alliancebernstein L.P. Cuts Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Alliancebernstein L.P. reduced its stake in QUALCOMM by 9.4% in the first quarter, now holding 10,143,202 shares valued at approximately $1.56 billion.
• Recent analyst ratings have varied, with Arete upgrading to a "buy" and setting a $200 price target, while Wall Street Zen downgraded to a "hold" rating.
• QUALCOMM's quarterly earnings beat estimates, reporting $2.77 per share on revenue of $10.37 billion, and they declared a quarterly dividend of $0.89 to be paid on September 25th.

Alliancebernstein L.P. cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,143,202 shares of the wireless technology company's stock after selling 1,056,829 shares during the quarter. Alliancebernstein L.P. owned approximately 0.92% of QUALCOMM worth $1,558,097,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Algert Global LLC boosted its stake in shares of QUALCOMM by 8.9% during the fourth quarter. Algert Global LLC now owns 36,981 shares of the wireless technology company's stock valued at $5,681,000 after purchasing an additional 3,037 shares in the last quarter. Cahill Financial Advisors Inc. bought a new position in shares of QUALCOMM during the fourth quarter valued at approximately $249,000. Finally, Brooks Moore & Associates Inc. boosted its stake in shares of QUALCOMM by 2.7% during the fourth quarter. Brooks Moore & Associates Inc. now owns 17,783 shares of the wireless technology company's stock valued at $2,732,000 after purchasing an additional 462 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM traded up $2.43 on Thursday, hitting $159.71. 7,774,934 shares of the company were exchanged, compared to its average volume of 6,482,855. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The stock's 50 day moving average price is $156.45 and its 200 day moving average price is $152.44. 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 capitalization of $172.33 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 2.29 and a beta of 1.21.

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, topping the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business 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. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

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

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's 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 transaction, the chief financial officer directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,626 shares of company stock valued at $1,948,054. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of recent research reports. 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. Bank of America dropped their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $182.82.

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.