AlTi Global Inc. Sells 2,011 Shares of QUALCOMM Incorporated $QCOM

Key Points

• AlTi Global Inc. reduced its stake in QUALCOMM by 13.3%, selling 2,011 shares, and now owns 13,091 shares valued at approximately $2.08 million.
• Insider trades included Neil Martin and Heather S. Ace, who sold 791 and 1,600 shares respectively, contributing to a total of 168,102 shares sold by insiders over the last ninety days.
• QUALCOMM is currently trading around $168.94, has a market capitalization of $182.29 billion, and offers a quarterly dividend yield of 2.1%.

AlTi Global Inc. decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,091 shares of the wireless technology company's stock after selling 2,011 shares during the period. AlTi Global Inc.'s holdings in QUALCOMM were worth $2,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after acquiring an additional 340 shares during the period. GAMMA Investing LLC grew its holdings in shares of QUALCOMM by 35.4% in the first quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company's stock worth $3,263,000 after acquiring an additional 5,555 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of QUALCOMM by 3.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 2,171 shares of the wireless technology company's stock worth $334,000 after acquiring an additional 75 shares during the period. Finally, KPP Advisory Services LLC grew its holdings in shares of QUALCOMM by 234.0% in the first quarter. KPP Advisory Services LLC now owns 4,592 shares of the wireless technology company's stock worth $705,000 after acquiring an additional 3,217 shares during the period. Institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 791 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the business's 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 owned 21,193 shares in the company, valued at $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 168,102 shares of company stock valued at $27,706,855. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

QCOM has been the subject of several research analyst reports. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. UBS Group lifted their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Susquehanna lifted their target price on QUALCOMM from $190.00 to $200.00 and gave the company a "positive" rating in a research report on Wednesday. Finally, Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. 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 MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.27.

QUALCOMM Price Performance

NASDAQ QCOM opened at $168.94 on Friday. The company has a market capitalization of $182.29 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23. 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 business's fifty day moving average is $163.40 and its 200 day moving average is $154.91. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the business earned $2.33 earnings per share. The business's revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM's payout ratio 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.

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