GAMMA Investing LLC Has $3.13 Million Holdings in QUALCOMM Incorporated $QCOM

Key Points

• GAMMA Investing LLC has reduced its stake in QUALCOMM Incorporated (QCOM) by 7.4%, owning 19,662 shares valued at approximately $3.131 million after selling 1,579 shares in the second quarter.
• Several institutional investors have increased their holdings in QUALCOMM, with a significant rise from Atlantic Edge Private Wealth Management and Vermillion & White Wealth Management, reflecting a changing investment landscape around the stock.
• QUALCOMM reported a 10.4% year-over-year revenue increase and an EPS of $2.77, surpassing analyst estimates, while also announcing a quarterly dividend of $0.89 per share with a yield of 2.1%.

GAMMA Investing LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,662 shares of the wireless technology company's stock after selling 1,579 shares during the quarter. GAMMA Investing LLC's holdings in QUALCOMM were worth $3,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp purchased a new position in QUALCOMM in the first quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 93 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in shares of QUALCOMM by 70.0% during 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. Mascagni Wealth Management Inc. purchased a new position in shares of QUALCOMM in the fourth quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of QUALCOMM during the fourth quarter worth $31,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on 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 directly owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,899 shares of company stock valued at $1,992,121. 0.08% of the stock is owned by insiders.

QUALCOMM Trading Up 1.7%

NASDAQ:QCOM traded up $2.87 on Monday, hitting $169.72. 6,189,618 shares of the stock were exchanged, compared to its average volume of 7,539,627. The stock has a fifty day moving average of $157.34 and a 200-day moving average of $152.39. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The stock has a market cap of $183.13 billion, a PE ratio of 16.37, a PEG ratio of 2.41 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released 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 company had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 EPS. 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 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced 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 is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio is currently 34.33%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on QCOM shares. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Mizuho reduced their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus 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.