Gotham Asset Management LLC Sells 14,823 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Gotham Asset Management LLC has reduced its stake in QUALCOMM by 6.5%, holding 214,913 shares valued at approximately $33.01 million.
• QUALCOMM has faced varying analyst ratings, with a recent price target decrease from Mizuho and a mix of buy, hold, and sell ratings across different firms.
• QUALCOMM announced a quarterly dividend of $0.89 per share, with a record date of September 4th, resulting in a 2.2% yield for shareholders.

Gotham Asset Management LLC lessened its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,913 shares of the wireless technology company's stock after selling 14,823 shares during the period. QUALCOMM comprises 0.3% of Gotham Asset Management LLC's holdings, making the stock its 18th largest position. Gotham Asset Management LLC's holdings in QUALCOMM were worth $33,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC lifted its position in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after acquiring an additional 340 shares during the period. Crestline Management LP bought a new position in shares of QUALCOMM in the 4th quarter valued at about $526,000. Concentric Capital Strategies LP bought a new position in shares of QUALCOMM in the 4th quarter valued at about $1,141,000. Finally, Colonial Trust Co SC grew its position in shares of QUALCOMM by 5.4% in the 4th quarter. Colonial Trust Co SC now owns 6,746 shares of the wireless technology company's stock valued at $1,036,000 after acquiring an additional 343 shares during the period. Institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In related news, CAO Patricia Y. Grech sold 236 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total value of $37,372.96. Following the sale, the chief accounting officer directly owned 677 shares of the company's stock, valued at $107,209.72. This trade represents a 25.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,626 shares of company stock valued at $1,948,054. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Price Performance

QCOM stock traded up $0.13 during mid-day trading on Friday, hitting $159.84. The stock had a trading volume of 7,951,227 shares, compared to its average volume of 6,534,241. 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 52 week low of $120.80 and a 52 week high of $182.10. The firm has a market capitalization of $172.47 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.32 and a beta of 1.21. The firm has a fifty day simple moving average of $156.47 and a 200 day simple moving average of $152.34.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share 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 analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM'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. As a group, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.2%. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of analyst reports. Piper Sandler decreased their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company 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 research report on Monday, July 28th. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Tuesday, August 26th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. Finally, Bank of America decreased their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

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.