Cresset Asset Management LLC Boosts Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Cresset Asset Management LLC increased its holdings in QUALCOMM by 43.4% in the first quarter, now owning 182,852 shares valued at approximately $28.09 million.
• QUALCOMM announced a quarterly dividend of $0.89 per share, with an ex-dividend date set for September 4th, translating to an annualized dividend yield of 2.3%.
• Analyst ratings for QUALCOMM vary, with one sell rating, eleven hold ratings, and eleven buy ratings, leading to an average price target of $181.10.

Cresset Asset Management LLC boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 43.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,852 shares of the wireless technology company's stock after acquiring an additional 55,302 shares during the quarter. Cresset Asset Management LLC's holdings in QUALCOMM were worth $28,088,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QCOM. Eagle Strategies LLC increased its holdings in QUALCOMM by 4.3% in the fourth quarter. Eagle Strategies LLC now owns 1,427 shares of the wireless technology company's stock valued at $219,000 after purchasing an additional 59 shares during the period. Clark Capital Management Group Inc. grew its position in QUALCOMM by 3.6% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock valued at $264,000 after buying an additional 59 shares during the period. Westwood Holdings Group Inc. raised its position in QUALCOMM by 2.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock worth $509,000 after acquiring an additional 69 shares during the period. Collaborative Wealth Managment Inc. boosted its stake in QUALCOMM by 5.1% in the first quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after acquiring an additional 69 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in shares of QUALCOMM by 0.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock valued at $3,879,000 after acquiring an additional 69 shares during the period. Institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Benchmark dropped their price target on QUALCOMM from $240.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Bank of America cut their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. JPMorgan Chase & Co. increased their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. Eleven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $181.10.

QUALCOMM Trading Down 1.7%

QUALCOMM stock traded down $2.65 during trading hours on Tuesday, reaching $156.25. The stock had a trading volume of 6,128,881 shares, compared to its average volume of 8,405,784. The stock has a market cap of $168.59 billion, a PE ratio of 15.07, a PEG ratio of 2.30 and a beta of 1.23. The company has a fifty day simple moving average of $155.80 and a 200-day simple moving average of $153.38. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. 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 issued its quarterly earnings data 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. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the business posted $2.33 earnings per share. QUALCOMM's quarterly revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced 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 of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.3%. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Insider Activity

In other news, major shareholder Inc/De Qualcomm sold 412,500 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $6,600,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, August 1st. The shares were 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 in the company, valued at approximately $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. Over the last ninety days, insiders sold 424,099 shares of company stock worth $8,352,355. Insiders own 0.08% of the company's stock.

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.