Curi RMB Capital LLC Cuts Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Curi RMB Capital LLC reduced its stake in QUALCOMM by 46.1%, now holding 5,059 shares valued at $777,000 according to their latest 13F filing.
• A variety of hedge funds have reacted to QUALCOMM's stock, with Atlantic Edge Private Wealth Management increasing their position by 70% while others also acquired new stakes in the company.
• QUALCOMM reported a quarterly EPS of $2.77, exceeding expectations, and announced a quarterly dividend of $0.89 per share, effective September 25th.

Curi RMB Capital LLC decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 46.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,059 shares of the wireless technology company's stock after selling 4,329 shares during the period. Curi RMB Capital LLC's holdings in QUALCOMM were worth $777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QCOM. Atlantic Edge Private Wealth Management LLC raised its position in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. WFA Asset Management Corp bought a new position in QUALCOMM during the 1st quarter valued at approximately $27,000. Sunbeam Capital Management LLC bought a new position in QUALCOMM during the 4th quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in QUALCOMM during the 4th quarter valued at approximately $30,000. Institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Up 0.1%

Shares of QUALCOMM stock traded up $0.13 during midday trading on Friday, hitting $159.84. The company had a trading volume of 7,951,227 shares, compared to its average volume of 6,680,516. 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 $172.47 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.32 and a beta of 1.21. The company has a 50 day moving average of $156.47 and a 200 day moving average of $152.18. 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 posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

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

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the sale, the chief accounting officer directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 236 shares of the stock in a transaction on Wednesday, August 27th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,626 shares of company stock valued at $1,948,054. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on QCOM shares. Bank of America reduced their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. JPMorgan Chase & Co. upped their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Mizuho reduced their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

About QUALCOMM

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.