First Hawaiian Bank Cuts Position in QUALCOMM Incorporated $QCOM

Key Points

• First Hawaiian Bank has reduced its holdings in QUALCOMM by 30% in Q1, now owning 9,734 shares valued at approximately $1.5 million.
• QUALCOMM reported earnings of $2.77 EPS for the most recent quarter, surpassing analysts' estimates and marking a 10.4% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.89, resulting in an annualized dividend yield of 2.2%, with the payout reflecting a 34.33% dividend payout ratio.

First Hawaiian Bank trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 30.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,734 shares of the wireless technology company's stock after selling 4,164 shares during the quarter. First Hawaiian Bank's holdings in QUALCOMM were worth $1,495,000 at the end of the most recent quarter.

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

QUALCOMM Price Performance

QUALCOMM stock opened at $161.83 on Friday. The stock has a market cap of $174.61 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.35 and a beta of 1.21. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $156.39 and a 200 day simple moving average of $152.03. 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 issued its quarterly 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the company posted $2.33 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

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

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,626 shares of company stock worth $1,948,054. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on QCOM. Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. Mizuho cut their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Finally, UBS Group lifted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.

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