Erste Asset Management GmbH Acquires 5,982 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Erste Asset Management GmbH increased its stake in QUALCOMM by 6.9%, acquiring an additional 5,982 shares, bringing its total holdings to 92,446 shares valued at $13.7 million.
• QUALCOMM recently declared a quarterly dividend of $0.89 per share, with an annualized yield of 2.3%.
• Insiders sold a total of 424,099 shares over the past 90 days, with major shareholder Inc/De Qualcomm selling 412,500 shares in a transaction valued at $6.6 million.

Erste Asset Management GmbH boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,446 shares of the wireless technology company's stock after acquiring an additional 5,982 shares during the period. Erste Asset Management GmbH's holdings in QUALCOMM were worth $13,736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Banque Transatlantique SA acquired a new stake in shares of QUALCOMM in the 4th quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of QUALCOMM by 70.0% in 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 period. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM in the 1st quarter valued at about $27,000. Sunbeam Capital Management LLC acquired a new stake in shares of QUALCOMM in the 4th quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of QUALCOMM in the 4th quarter valued at about $30,000. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Inc/De Qualcomm sold 412,500 shares of QUALCOMM stock in a transaction dated Friday, May 23rd. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total value of $537,546.24. Following the transaction, the chief financial officer owned 46,446 shares of the company's stock, valued at $7,490,810.88. The trade was a 6.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 424,099 shares of company stock worth $8,352,355. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on QCOM. 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. Evercore ISI dropped their price target on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Benchmark dropped their price target on QUALCOMM from $240.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Piper Sandler dropped their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $181.10.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $155.44 on Thursday. The stock has a market capitalization of $167.72 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 2.28 and a beta of 1.23. The business has a 50-day moving average of $155.66 and a 200-day moving average of $153.41. 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 fifty-two week low of $120.80 and a fifty-two 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 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter last year, the company posted $2.33 earnings per share. QUALCOMM's quarterly 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, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a dividend of $0.89 per share. The ex-dividend date is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.3%. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.