Baugh & Associates LLC Has $4.54 Million Position in QUALCOMM Incorporated $QCOM

Key Points

• Baugh & Associates LLC has reduced its stake in QUALCOMM by 5.4%, now holding 30,627 shares valued at approximately $4.54 million, making it the firm's 19th largest holding.
• QUALCOMM recently reported $2.77 EPS for the last quarter, exceeding analyst expectations, with a revenue of $10.37 billion, reflecting a 10.4% year-over-year increase.
• The company announced a quarterly dividend of $0.89, which equates to an annualized yield of 2.1%, with the dividend payout ratio currently at 34.33%.

Baugh & Associates LLC trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,627 shares of the wireless technology company's stock after selling 1,737 shares during the quarter. QUALCOMM comprises about 2.3% of Baugh & Associates LLC's investment portfolio, making the stock its 19th largest holding. Baugh & Associates LLC's holdings in QUALCOMM were worth $4,536,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Orrstown Financial Services Inc. grew its stake in QUALCOMM by 10.7% during the 2nd quarter. Orrstown Financial Services Inc. now owns 3,902 shares of the wireless technology company's stock valued at $621,000 after acquiring an additional 378 shares in the last quarter. First PREMIER Bank raised its position in shares of QUALCOMM by 1.9% in the second quarter. First PREMIER Bank now owns 6,713 shares of the wireless technology company's stock valued at $1,069,000 after buying an additional 125 shares in the last quarter. Capital Advantage Inc. grew its position in shares of QUALCOMM by 2.8% in the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock valued at $375,000 after buying an additional 64 shares during the last quarter. Farther Finance Advisors LLC increased its stake in QUALCOMM by 35.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 56,749 shares of the wireless technology company's stock valued at $9,038,000 after buying an additional 14,889 shares during the last quarter. Finally, CX Institutional lifted its stake in QUALCOMM by 23.0% during the second quarter. CX Institutional now owns 42,345 shares of the wireless technology company's stock worth $6,744,000 after purchasing an additional 7,924 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Neil Martin sold 791 shares of the firm's stock in a transaction on 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 owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,899 shares of company stock worth $1,992,121. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on QCOM shares. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Bank of America dropped their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research note on Tuesday, August 26th. Finally, Arete Research set a $200.00 price target on shares of QUALCOMM in a research report on Tuesday, August 26th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Trading Down 0.8%

Shares of QUALCOMM stock traded down $1.28 during trading hours on Friday, reaching $166.85. The stock had a trading volume of 19,434,943 shares, compared to its average volume of 7,539,627. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The firm has a 50 day simple moving average of $157.04 and a two-hundred day simple moving average of $152.33. 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 $180.03 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 2.41 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $10.33 billion. During the same quarter in the prior year, the company posted $2.33 earnings per share. The firm'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. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) 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.