Beck Mack & Oliver LLC Sells 1,693 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Beck Mack & Oliver LLC reduced its QCOM holdings by 0.5%, owning 339,488 shares worth $52.15 million, representing 1% of its investment portfolio.
• A number of hedge funds adjusted their positions in QCOM, with Clark Capital Management increasing its stake by 3.6% in the fourth quarter.
• QUALCOMM plans to pay a quarterly dividend of $0.89 per share on September 25th, yielding an annualized rate of $3.56 and a payout ratio of 34.33%.

Beck Mack & Oliver LLC cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 339,488 shares of the wireless technology company's stock after selling 1,693 shares during the quarter. QUALCOMM accounts for 1.0% of Beck Mack & Oliver LLC's investment portfolio, making the stock its 29th largest position. Beck Mack & Oliver LLC's holdings in QUALCOMM were worth $52,149,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QCOM. Banque Transatlantique SA purchased a new position in shares of QUALCOMM in the 4th quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC boosted its stake in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC lifted its stake in shares of QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 93 shares during the period. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM in the 1st quarter worth $27,000. Finally, Sunbeam Capital Management LLC acquired a new stake in shares of QUALCOMM in the 4th quarter worth $29,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QCOM has been the subject of several recent analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price for the company in a research note on Tuesday, August 26th. Mizuho reduced their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, QUALCOMM presently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Price Performance

NASDAQ QCOM traded down $1.95 on Tuesday, reaching $158.78. The company's stock had a trading volume of 7,516,210 shares, compared to its average volume of 6,603,527. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The firm's 50 day moving average is $156.33 and its two-hundred day moving average is $152.45. 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 stock has a market cap of $171.32 billion, a PE ratio of 15.31, a PEG ratio of 2.34 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released 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 business had revenue of $10.37 billion for 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 firm's 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, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

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 $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total value of $537,546.24. Following the completion of the transaction, the chief financial officer directly owned 46,446 shares of the company's stock, valued at $7,490,810.88. This trade represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $122,462.62. Following the transaction, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,293 shares of company stock valued at $1,425,239 in the last ninety days. 0.08% of the stock is owned by company insiders.

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.