QUALCOMM Incorporated $QCOM Shares Sold by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has reduced its stake in QUALCOMM by 60.3%, selling 4,837 shares during the first quarter, resulting in ownership of 3,189 shares valued at approximately $490,000.
• Several hedge funds have increased their holdings in QUALCOMM, with Brighton Jones LLC growing its stake by 116.6% in the fourth quarter.
• QUALCOMM recently declared a quarterly dividend of $0.89, which reflects an annualized dividend of $3.56 and a yield of 2.2%, payable on September 25th.

Dynamic Technology Lab Private Ltd lowered its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 60.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,189 shares of the wireless technology company's stock after selling 4,837 shares during the period. Dynamic Technology Lab Private Ltd's holdings in QUALCOMM were worth $490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of QUALCOMM by 565.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock worth $19,098,000 after purchasing an additional 105,631 shares during the last quarter. PFG Advisors increased its position in shares of QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock worth $663,000 after purchasing an additional 321 shares during the last quarter. Teza Capital Management LLC acquired a new position in QUALCOMM in the 4th quarter valued at about $1,541,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in QUALCOMM by 3.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock valued at $28,979,000 after acquiring an additional 6,017 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in QUALCOMM by 12.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock valued at $203,904,000 after acquiring an additional 145,509 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Price Performance

QUALCOMM stock traded up $0.32 during trading hours on Friday, hitting $161.83. The stock had a trading volume of 5,429,226 shares, compared to its average volume of 6,722,566. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The stock has a market capitalization of $174.61 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.35 and a beta of 1.21. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The stock's fifty day moving average is $156.39 and its two-hundred day moving average is $152.03.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the business earned $2.33 earnings per share. The business'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 predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given 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 34.33%.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,626 shares of company stock valued at $1,948,054. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on QCOM. 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. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. UBS Group boosted their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. Finally, Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, QUALCOMM has a consensus rating of "Moderate Buy" and an average price target 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.