QUALCOMM Incorporated $QCOM Shares Bought by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. raised its stake in QUALCOMM by 10%, now holding $9.84 million worth of shares after acquiring an additional 5,807 shares during the first quarter.
• QUALCOMM's recent quarterly earnings beat estimates with a revenue of $10.37 billion and $2.77 earnings per share, indicating a 10.4% increase in revenue year-over-year.
• The company has announced a quarterly dividend of $0.89 per share, contributing to a 2.2% yield for investors, with the ex-dividend date set for September 4th.

Flputnam Investment Management Co. raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 10.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 64,073 shares of the wireless technology company's stock after acquiring an additional 5,807 shares during the period. Flputnam Investment Management Co.'s holdings in QUALCOMM were worth $9,842,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Clark Capital Management Group Inc. increased its stake in QUALCOMM by 3.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock valued at $264,000 after purchasing an additional 59 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in QUALCOMM by 2.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock valued at $509,000 after buying an additional 69 shares during the period. Collaborative Wealth Managment Inc. increased its stake in shares of QUALCOMM by 5.1% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after acquiring an additional 69 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in shares of QUALCOMM by 0.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock valued at $3,879,000 after acquiring an additional 69 shares during the last quarter. Finally, Quadcap Wealth Management LLC lifted its holdings in shares of QUALCOMM by 0.6% during the 1st quarter. Quadcap Wealth Management LLC now owns 12,209 shares of the wireless technology company's stock worth $1,875,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Activity

In other news, CAO Patricia Y. Grech sold 236 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total transaction of $37,372.96. Following the completion of the sale, the chief accounting officer directly owned 677 shares in the company, valued at $107,209.72. This trade represents a 25.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business'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 completion of the transaction, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,626 shares of company stock worth $1,948,054. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on QCOM shares. JPMorgan Chase & Co. boosted their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Piper Sandler decreased their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Mizuho lowered their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Finally, Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Stock Down 1.2%

Shares of NASDAQ QCOM traded down $1.95 on Tuesday, hitting $158.78. The company had a trading volume of 7,516,210 shares, compared to its average volume of 6,603,527. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The firm has a market capitalization of $171.32 billion, a P/E ratio of 15.31, a PEG ratio of 2.34 and a beta of 1.21. The business has a 50 day moving average of $156.39 and a two-hundred day moving average of $152.49.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate 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%.The company's revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company 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. 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 dividend payout ratio (DPR) is presently 34.33%.

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.