Fox Run Management L.L.C. Sells 4,628 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Fox Run Management L.L.C. has reduced its holdings in QUALCOMM by 47.8%, owning only 5,045 shares after selling 4,628 shares in the first quarter.
• Other institutional investors, including Nuveen LLC and Goldman Sachs Group, have increased their stakes in QUALCOMM, highlighting strong institutional interest in the company.
• QUALCOMM announced a quarterly dividend of $0.89 per share, with an annualized yield of 2.3%, to be paid on September 25th.

Fox Run Management L.L.C. lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 47.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,045 shares of the wireless technology company's stock after selling 4,628 shares during the quarter. Fox Run Management L.L.C.'s holdings in QUALCOMM were worth $775,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new position in QUALCOMM during the fourth quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC raised its stake in QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 70 shares in the last quarter. WFA Asset Management Corp acquired a new position in QUALCOMM during the first quarter worth about $27,000. Sunbeam Capital Management LLC bought a new position in QUALCOMM in the 4th quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in QUALCOMM in the 4th quarter valued at approximately $30,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of research reports. Bank of America dropped their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Piper Sandler dropped their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Loop Capital decreased their target price on QUALCOMM from $180.00 to $155.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Finally, Susquehanna lowered their price objective on QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a research note on Thursday, May 1st. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, QUALCOMM presently has an average rating of "Hold" and a consensus target price of $181.10.

QUALCOMM Trading Down 1.5%

Shares of QUALCOMM stock traded down $2.3970 during midday trading on Tuesday, reaching $156.5030. 3,283,513 shares of the company's stock traded hands, compared to its average volume of 8,401,580. 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 company has a market cap of $168.87 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The stock has a 50 day moving average of $155.80 and a 200-day moving average of $153.38. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10.

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 analysts' consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion during 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 firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS 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 paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio is presently 34.33%.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $148.10, for a total value of $493,617.30. Following the sale, the chief financial officer directly owned 43,207 shares of the company's stock, valued at approximately $6,398,956.70. This represents a 7.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $6,600,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 424,099 shares of company stock valued at $8,352,355. Insiders own 0.08% of the company's stock.

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.