B & T Capital Management DBA Alpha Capital Management Trims Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• B & T Capital Management significantly reduced its stake in QUALCOMM by 93.8%, selling 26,326 shares and holding only 1,747 shares valued at $278,000.
• Insider transactions saw the CEO Cristiano R. Amon sell 150,000 shares for approximately $24.8 million, indicating a substantial decrease in ownership.
• QUALCOMM has announced a quarterly dividend of $0.89 per share, with an annualized dividend yield of 2.1%, demonstrating ongoing shareholder returns.

B & T Capital Management DBA Alpha Capital Management reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 93.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,747 shares of the wireless technology company's stock after selling 26,326 shares during the period. B & T Capital Management DBA Alpha Capital Management's holdings in QUALCOMM were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC boosted its position 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 worth $391,000 after acquiring an additional 340 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of QUALCOMM by 35.4% during 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 last quarter. Creative Financial Designs Inc. ADV grew its stake in QUALCOMM by 3.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 2,171 shares of the wireless technology company's stock valued at $334,000 after acquiring an additional 75 shares in the last quarter. Finally, KPP Advisory Services LLC lifted its stake in QUALCOMM by 234.0% in the 1st quarter. KPP Advisory Services LLC now owns 4,592 shares of the wireless technology company's stock worth $705,000 after purchasing an additional 3,217 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the sale, the chief accounting officer owned 203 shares in the company, valued at $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the sale, the chief executive officer directly owned 149,304 shares of the company's stock, valued at $24,718,770.24. This represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 168,102 shares of company stock valued at $27,706,855. Company insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Tuesday, August 26th. Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a report on Wednesday, October 8th. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $183.27.

QUALCOMM Stock Down 0.6%

NASDAQ QCOM opened at $168.94 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The firm has a market capitalization of $182.29 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.47 and a beta of 1.23. The company has a fifty day moving average of $163.40 and a two-hundred day moving average of $154.91.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business's revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio is currently 34.33%.

About QUALCOMM

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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