BigSur Wealth Management LLC Decreases Holdings in QUALCOMM Incorporated $QCOM

Key Points

• BigSur Wealth Management LLC reduced its stake in QUALCOMM by 67.3%, leaving it with 1,700 shares valued at approximately $271,000.
• Other institutional investors significantly increased their positions, with Kingstone Capital Partners growing their stake by an astonishing 656,661.0%, now owning over 58 million shares worth around $9.36 billion.
• QUALCOMM's recent earnings surpassed expectations, with a reported $2.77 EPS for the quarter, leading to a slated $0.89 quarterly dividend payable to investors on September 25th.

BigSur Wealth Management LLC trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 67.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,700 shares of the wireless technology company's stock after selling 3,500 shares during the period. BigSur Wealth Management LLC's holdings in QUALCOMM were worth $271,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC increased its stake in shares of QUALCOMM by 656,661.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock worth $9,360,274,000 after purchasing an additional 58,764,593 shares during the last quarter. Nuveen LLC bought a new position in QUALCOMM during the first quarter valued at $529,713,000. GAMMA Investing LLC grew its holdings in QUALCOMM by 20,700.4% during the first quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock valued at $501,192,000 after purchasing an additional 3,247,068 shares during the period. Goldman Sachs Group Inc. increased its position in QUALCOMM by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock worth $1,114,403,000 after buying an additional 1,407,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of QUALCOMM by 222.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company's stock valued at $212,800,000 after buying an additional 956,311 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 QUALCOMM stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. The sale 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 company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of company stock valued at $2,026,291 in the last ninety days. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on QCOM shares. UBS Group increased their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. lifted their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research report on Tuesday, August 26th. Piper Sandler cut their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Finally, Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $173.55 on Thursday. The company has a 50 day moving average of $158.04 and a 200 day moving average of $152.66. The stock has a market cap of $187.26 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.45 and a beta of 1.21. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the prior year, the company posted $2.33 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

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.

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