Gateway Investment Advisers LLC Has $45.21 Million Stake in QUALCOMM Incorporated $QCOM

Gateway Investment Advisers LLC decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,871 shares of the wireless technology company's stock after selling 4,378 shares during the quarter. Gateway Investment Advisers LLC's holdings in QUALCOMM were worth $45,209,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC boosted its holdings 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 acquiring an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its position in QUALCOMM by 122.4% during 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. WFA Asset Management Corp bought a new position in QUALCOMM during the 1st quarter worth $27,000. Sunbeam Capital Management LLC bought a new position in QUALCOMM during the 4th quarter worth $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in QUALCOMM during the 4th quarter worth $30,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insiders Place Their Bets

In other news, 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 transaction, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their position. The sale was disclosed in a 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 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 owned 39,874 shares in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,899 shares of company stock worth $1,992,121 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Price Performance

QCOM stock opened at $164.14 on Wednesday. The company has a market capitalization of $177.11 billion, a P/E ratio of 15.83, a price-to-earnings-growth 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 Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The business has a 50-day simple moving average of $156.55 and a two-hundred day simple moving average of $152.13.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the business earned $2.33 EPS. The company's revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts expect that QUALCOMM Incorporated will post 9.39 EPS 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 paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is presently 34.33%.

Analysts Set New Price Targets

Several brokerages recently issued reports on QCOM. Bank of America lowered their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. One 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 given a Sell rating to the company. According to MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and an average target price 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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