Epoch Investment Partners Inc. Has $174.21 Million Position in QUALCOMM Incorporated $QCOM

Key Points

• Epoch Investment Partners Inc. reduced its stake in QUALCOMM by 1.7%, selling 20,149 shares, and now holds approximately 1,134,088 shares, making it the 26th largest holding in their portfolio.
• QUALCOMM reported earnings of $2.77 per share, exceeding estimates, and has projected a fourth-quarter EPS guidance of 2.750-2.950.
• The company announced a quarterly dividend of $0.89 per share, representing an annual yield of 2.3%, with the payment date set for September 25th.

Epoch Investment Partners Inc. decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,134,088 shares of the wireless technology company's stock after selling 20,149 shares during the period. QUALCOMM accounts for approximately 0.9% of Epoch Investment Partners Inc.'s portfolio, making the stock its 26th biggest position. Epoch Investment Partners Inc. owned about 0.10% of QUALCOMM worth $174,207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in QUALCOMM by 0.6% in the first quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company's stock worth $17,568,141,000 after buying an additional 638,284 shares during the last quarter. Northern Trust Corp grew its position in QUALCOMM by 12.7% in the fourth quarter. Northern Trust Corp now owns 13,289,513 shares of the wireless technology company's stock worth $2,041,535,000 after acquiring an additional 1,493,076 shares in the last quarter. Invesco Ltd. increased its stake in shares of QUALCOMM by 2.2% during the 1st quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock worth $1,512,458,000 after purchasing an additional 215,900 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in QUALCOMM by 17.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock valued at $1,502,509,000 after buying an additional 1,424,106 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of QUALCOMM by 5.3% in the first quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock worth $1,441,847,000 after buying an additional 471,648 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Performance

Shares of QCOM traded up $1.03 during trading hours on Thursday, reaching $160.80. 8,151,095 shares of the company traded hands, compared to its average volume of 7,963,111. 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 $155.84 and its 200 day moving average is $152.94. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The stock has a market cap of $173.50 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 2.32 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The company'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. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company 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 $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of analyst reports. Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. JPMorgan Chase & Co. increased their price target on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. Piper Sandler lowered their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $150.00 target price on shares of QUALCOMM in a report on Thursday, May 1st. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the business's 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 of the company's stock, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $37,372.96. Following the completion of the transaction, the chief accounting officer owned 677 shares of the company's stock, valued at approximately $107,209.72. This represents a 25.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,626 shares of company stock worth $1,912,190 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

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.