CHURCHILL MANAGEMENT Corp Cuts Stake in QUALCOMM Incorporated $QCOM

CHURCHILL MANAGEMENT Corp reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 23.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,776 shares of the wireless technology company's stock after selling 10,753 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in QUALCOMM were worth $5,538,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of QCOM. Kingstone Capital Partners Texas LLC grew its stake in shares of QUALCOMM by 656,661.0% in the second 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 acquiring an additional 58,764,593 shares during the last quarter. Nuveen LLC purchased a new stake in shares of QUALCOMM in the first quarter worth $529,713,000. Goldman Sachs Group Inc. grew its stake in shares of 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 acquiring an additional 1,407,797 shares during the last quarter. Assenagon Asset Management S.A. grew 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 worth $212,800,000 after acquiring an additional 956,311 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock worth $1,331,170,000 after acquiring an additional 875,412 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Stock Up 0.1%

QCOM stock opened at $166.49 on Thursday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The business's 50-day moving average is $159.09 and its two-hundred day moving average is $153.12. 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 company has a market cap of $179.64 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 2.41 and a beta of 1.23.

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 for the quarter, beating 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 company 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 earned $2.33 earnings per share. QUALCOMM'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, analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were paid a $0.89 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Insider Buying and Selling

In other news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction dated 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 $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares in the company, valued at $65,213.68. This trade represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,767 shares of company stock worth $1,488,745 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler cut their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. UBS Group increased their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Mizuho dropped their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus 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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