QUALCOMM Incorporated $QCOM Shares Sold by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL reduced its stake in QUALCOMM Incorporated by 15.4% in the 1st quarter, owning 9,504 shares valued at approximately $1.46 million after selling 1,725 shares.
• Several institutional investors increased their positions in QUALCOMM, with Vanguard Group acquiring an additional 638,284 shares, raising its total holdings to over 114 million shares worth about $17.57 billion.
• QUALCOMM's quarterly dividend of $0.89 will be paid on September 25th, representing an annualized yield of 2.2% based on its current payout ratio of 34.33%.

Gamco Investors INC. ET AL cut its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 15.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,504 shares of the wireless technology company's stock after selling 1,725 shares during the period. Gamco Investors INC. ET AL's holdings in QUALCOMM were worth $1,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Strategies LLC raised its position in shares of QUALCOMM by 4.3% during the 4th quarter. Eagle Strategies LLC now owns 1,427 shares of the wireless technology company's stock valued at $219,000 after purchasing an additional 59 shares during the period. Clark Capital Management Group Inc. increased its holdings in shares of QUALCOMM by 3.6% in the 4th quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock worth $264,000 after buying an additional 59 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of QUALCOMM by 2.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock worth $509,000 after buying an additional 69 shares during the last quarter. Collaborative Wealth Managment Inc. grew its holdings in 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 purchasing an additional 69 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in 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 purchasing an additional 69 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total transaction of $537,546.24. Following the completion of the transaction, the chief financial officer directly owned 46,446 shares in the company, valued at approximately $7,490,810.88. This represents a 6.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,626 shares of company stock valued at $1,912,190. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

QCOM has been the topic of several analyst reports. Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a report on Friday, May 9th. Bank of America cut their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Stock Performance

NASDAQ QCOM traded down $0.07 during mid-day trading on Friday, reaching $160.73. 9,948,344 shares of the stock were exchanged, compared to its average volume of 7,011,037. The business's 50 day moving average is $156.18 and its 200-day moving average is $152.67. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The company has a market capitalization of $173.43 billion, a P/E ratio of 15.50, a P/E/G ratio of 2.34 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.89 per share. 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 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.