Douglas Lane & Associates LLC Trims Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Douglas Lane & Associates LLC reduced its stake in QUALCOMM by 5.9% during Q2, owning 1,025,486 shares after selling 64,311 shares.
• Analysts have set new price targets for QUALCOMM, with Arete Research and JPMorgan both setting targets at $200.00 and the overall average price target being $182.82.
• QUALCOMM announced a quarterly dividend of $0.89 per share, representing a yield of 2.2%, to be paid on September 25th.

Douglas Lane & Associates LLC cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,025,486 shares of the wireless technology company's stock after selling 64,311 shares during the period. QUALCOMM makes up approximately 2.4% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 4th largest holding. Douglas Lane & Associates LLC owned 0.09% of QUALCOMM worth $163,319,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QCOM. Brighton Jones LLC lifted its holdings in QUALCOMM by 116.6% during 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 in the last quarter. Revolve Wealth Partners LLC lifted its holdings in QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after acquiring an additional 340 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in QUALCOMM by 135.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 107,510 shares of the wireless technology company's stock worth $16,516,000 after acquiring an additional 61,809 shares in the last quarter. Sentinus LLC raised its stake in shares of QUALCOMM by 11.1% in the 4th quarter. Sentinus LLC now owns 1,733 shares of the wireless technology company's stock valued at $266,000 after purchasing an additional 173 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of QUALCOMM by 73.4% in the 4th quarter. Toronto Dominion Bank now owns 695,793 shares of the wireless technology company's stock valued at $106,886,000 after purchasing an additional 294,501 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on QCOM shares. Arete Research set a $200.00 price target on QUALCOMM in a research note on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Bank of America dropped their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lifted their price target on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $161.83 on Friday. 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 50-day simple moving average is $156.39 and its 200 day simple moving average is $152.03. The company has a market cap of $174.61 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.35 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 earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The business 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%.QUALCOMM's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

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

Insiders Place Their Bets

In other QUALCOMM news, CAO Patricia Y. Grech sold 236 shares of the business'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 transaction of $37,372.96. Following the transaction, the chief accounting officer owned 677 shares of the company's stock, valued at $107,209.72. The trade was a 25.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Neil Martin sold 791 shares of the business's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Insiders sold 12,626 shares of company stock worth $1,948,054 in the last three months. 0.08% of the stock is owned by corporate insiders.

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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