Bahl & Gaynor Inc. Reduces Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Bahl & Gaynor Inc. has reduced its stock holdings in QUALCOMM by 7.7%, now owning approximately 789,299 shares worth $121,244,000.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., have significantly increased their stakes in QUALCOMM recently, indicating strong interest in the company.
• QUALCOMM reported better-than-expected earnings for the last quarter, with an EPS of $2.77, exceeding analyst expectations of $2.71.

Bahl & Gaynor Inc. reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 789,299 shares of the wireless technology company's stock after selling 65,717 shares during the period. Bahl & Gaynor Inc. owned about 0.07% of QUALCOMM worth $121,244,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in QUALCOMM by 116.6% during 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 last quarter. Revolve Wealth Partners LLC raised its position in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in QUALCOMM by 9.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,559 shares of the wireless technology company's stock valued at $241,000 after buying an additional 138 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in QUALCOMM during the 4th quarter valued at $3,839,000. Finally, Two Sigma Securities LLC increased its position in QUALCOMM by 217.7% during the fourth quarter. Two Sigma Securities LLC now owns 6,591 shares of the wireless technology company's stock worth $1,013,000 after buying an additional 12,191 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Neil Martin sold 791 shares of QUALCOMM 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 transaction, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $161.28, for a total value of $537,546.24. Following the completion of the sale, the chief financial officer owned 46,446 shares of the company's stock, valued at approximately $7,490,810.88. This represents a 6.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,390 shares of company stock valued at $1,874,817. Company insiders own 0.08% of the company's stock.

QUALCOMM Trading Up 2.5%

NASDAQ:QCOM traded up $3.88 during trading hours on Friday, reaching $158.01. 7,710,038 shares of the company were exchanged, compared to its average volume of 8,717,848. The firm has a market cap of $170.49 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 2.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The stock has a 50 day simple moving average of $155.64 and a 200 day simple moving average of $152.93. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10.

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

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.3%. QUALCOMM's dividend payout ratio is presently 34.33%.

Analysts Set New Price Targets

Several analysts have recently issued reports on QCOM shares. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. Piper Sandler reduced their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Benchmark lowered their price target on shares of QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Seaport Res Ptn raised shares of QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $150.00 target price on shares of QUALCOMM in a research note on Thursday, May 1st. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $181.10.

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.