QUALCOMM Incorporated $QCOM Shares Acquired by Compound Planning Inc.

Key Points

• Compound Planning Inc. increased its stake in QUALCOMM by 47.7%, owning 7,146 shares worth approximately $1.1 million after acquiring additional shares in the first quarter.
• Wells Fargo & Company reduced their target price for QUALCOMM from $175.00 to $140.00, while other brokerages have given mixed ratings, leading to a consensus rating of "Hold" on the stock.
• QUALCOMM announced a quarterly dividend of $0.89 per share, indicating an annualized yield of 2.3% with a dividend payout ratio of 34.33%.

Compound Planning Inc. boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 47.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,146 shares of the wireless technology company's stock after purchasing an additional 2,307 shares during the quarter. Compound Planning Inc.'s holdings in QUALCOMM were worth $1,098,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of QCOM. Banque Transatlantique SA purchased a new stake in QUALCOMM during the fourth quarter worth $26,000. Atlantic Edge Private Wealth Management LLC boosted its position in QUALCOMM by 70.0% during the first 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 in the last quarter. WFA Asset Management Corp purchased a new stake in QUALCOMM during the first quarter worth $27,000. Sunbeam Capital Management LLC purchased a new stake in QUALCOMM during the fourth quarter worth $29,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in QUALCOMM during the fourth quarter worth $30,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Trading Up 1.8%

QUALCOMM stock traded up $2.75 during trading on Tuesday, hitting $159.17. The company's stock had a trading volume of 9,171,973 shares, compared to its average volume of 8,370,193. The stock has a market capitalization of $171.74 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.30 and a beta of 1.23. 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's fifty day moving average is $155.63 and its 200 day moving average is $152.85. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 earnings per share. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.2%. QUALCOMM's dividend payout ratio is currently 34.33%.

Insiders Place Their Bets

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $148.10, for a total transaction of $493,617.30. Following the completion of the sale, the chief financial officer directly owned 43,207 shares in the company, valued at $6,398,956.70. This represents a 7.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company's 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 $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,390 shares of company stock worth $1,874,817 over the last three months. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on QCOM shares. UBS Group boosted 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. Robert W. Baird reduced their price objective on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Susquehanna reduced their price objective on QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a research report on Thursday, May 1st. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $182.82.

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.