Guinness Asset Management LTD Has $7.62 Million Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Guinness Asset Management LTD increased its stake in QUALCOMM by 8.8%, now holding 49,631 shares valued at approximately $7.62 million.
• A number of hedge funds adjusted their positions in QUALCOMM, with institutional investors owning 74.35% of the company's stock.
• QUALCOMM declared a quarterly dividend of $0.89, reflecting a 2.2% yield, with the ex-dividend date set for September 4th.

Guinness Asset Management LTD raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,631 shares of the wireless technology company's stock after buying an additional 4,000 shares during the period. Guinness Asset Management LTD's holdings in QUALCOMM were worth $7,624,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. 1248 Management LLC acquired a new stake in QUALCOMM in the first quarter valued at approximately $57,000. Inspire Investing LLC boosted its position in QUALCOMM by 78.7% in the first quarter. Inspire Investing LLC now owns 34,918 shares of the wireless technology company's stock valued at $5,364,000 after buying an additional 15,374 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of QUALCOMM by 44.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 256 shares of the wireless technology company's stock valued at $39,000 after acquiring an additional 79 shares during the last quarter. Modern Wealth Management LLC raised its stake in shares of QUALCOMM by 5.3% during the first quarter. Modern Wealth Management LLC now owns 10,936 shares of the wireless technology company's stock valued at $1,680,000 after acquiring an additional 555 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of QUALCOMM during the first quarter valued at $56,447,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Mizuho dropped their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. UBS Group raised their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Bank of America dropped their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $182.82.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 236 shares of QUALCOMM stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total transaction of $37,372.96. Following the completion of the sale, the chief accounting officer directly owned 677 shares of the company's stock, valued at approximately $107,209.72. This trade represents a 25.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,626 shares of company stock valued at $1,948,054. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Trading Up 1.6%

QCOM opened at $161.51 on Friday. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $174.27 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The company has a fifty day moving average price of $156.40 and a two-hundred day moving average price of $152.09.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results 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. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The business'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. Analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a $0.89 dividend. 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 payout ratio is 34.33%.

QUALCOMM Company 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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