Golden State Equity Partners Lowers Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Golden State Equity Partners reduced its stake in QUALCOMM by 15.5%, selling 2,474 shares, bringing their total holdings to 13,518 shares, valued at approximately $2.15 million.
• In the broader context, several large investors have notably increased their stakes in QUALCOMM, with Atlantic Edge Private Wealth Management increasing holdings by 70% in the first quarter.
• QUALCOMM has announced a quarterly dividend of $0.89 per share, reflecting an annualized yield of 2.1%, with the payment date set for September 25th.

Golden State Equity Partners trimmed its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 15.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,518 shares of the wireless technology company's stock after selling 2,474 shares during the period. Golden State Equity Partners' holdings in QUALCOMM were worth $2,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC increased 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 purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares in the last quarter. WFA Asset Management Corp acquired a new stake in QUALCOMM during the first quarter valued at $27,000. Mascagni Wealth Management Inc. purchased a new position in QUALCOMM in the fourth quarter valued at $30,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of QUALCOMM in the fourth quarter worth about $31,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Patricia Y. Grech sold 273 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the sale, the chief accounting officer directly owned 404 shares in the company, valued at approximately $65,213.68. This trade represents a 40.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 12,899 shares of company stock valued at $1,992,121. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on QCOM. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Rosenblatt Securities restated a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Arete Research set a $200.00 target price on shares of QUALCOMM in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Stock Down 0.8%

Shares of QCOM opened at $166.85 on Monday. The company's 50-day simple moving average is $157.04 and its 200-day simple moving average is $152.33. 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 1 year low of $120.80 and a 1 year high of $182.10. The stock has a market capitalization of $180.03 billion, a PE ratio of 16.09, a P/E/G ratio of 2.41 and a beta of 1.21.

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 the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the firm earned $2.33 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. 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. 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 2.1%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is 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.

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