Chelsea Counsel Co. Has $848,000 Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Chelsea Counsel Co. significantly increased its stake in QUALCOMM Incorporated by 965.3%, acquiring a total of 5,518 shares valued at $848,000 as of the last quarter.
• QUALCOMM reported $10.37 billion in revenue for the last quarter, exceeding analyst expectations, and achieved $2.77 EPS, beating the consensus estimate of $2.71 EPS.
• The company recently announced a $0.89 quarterly dividend, with an annualized yield of 2.3%, set to be distributed on September 25th.

Chelsea Counsel Co. raised its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 965.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,518 shares of the wireless technology company's stock after purchasing an additional 5,000 shares during the quarter. Chelsea Counsel Co.'s holdings in QUALCOMM were worth $848,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QCOM. Brighton Jones LLC grew its stake in shares of QUALCOMM by 116.6% in 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 increased its holdings 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 period. Jefferies Financial Group Inc. raised its position in shares of QUALCOMM by 134.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 17,076 shares of the wireless technology company's stock valued at $2,623,000 after buying an additional 9,806 shares during the last quarter. LRI Investments LLC raised its position in shares of QUALCOMM by 11.2% during the fourth quarter. LRI Investments LLC now owns 2,043 shares of the wireless technology company's stock valued at $314,000 after buying an additional 206 shares during the last quarter. Finally, Logan Capital Management Inc. grew its position in QUALCOMM by 6.5% during the fourth quarter. Logan Capital Management Inc. now owns 5,709 shares of the wireless technology company's stock worth $877,000 after buying an additional 346 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $157.73 on Wednesday. The firm has a fifty day moving average of $156.48 and a two-hundred day moving average of $152.04. 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 capitalization of $170.19 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 2.33 and a beta of 1.21. 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 released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the business posted $2.33 EPS. QUALCOMM's revenue for the quarter 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 predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 dividend on an annualized basis and a yield of 2.3%. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Insider Buying and Selling at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Patricia Y. Grech sold 236 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total value of $37,372.96. Following the sale, the chief accounting officer owned 677 shares in the company, valued at approximately $107,209.72. This represents a 25.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,626 shares of company stock valued at $1,948,054 over the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group raised their target price on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Bank of America cut their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. Arete upgraded 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. Finally, Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

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.

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