HB Wealth Management LLC Sells 4,488 Shares of QUALCOMM Incorporated $QCOM

Key Points

• HB Wealth Management LLC reduced its stake in QUALCOMM by 10.4%, selling 4,488 shares, leaving it with a total of 38,693 shares valued at approximately $6.16 million.
• QUALCOMM's stock price showed a modest increase of 0.6% to open at $166.36, with the company's market cap at $179.50 billion and a P/E ratio of 16.04.
• The company announced a quarterly dividend of $0.89, translating to an annualized dividend of $3.56 with a yield of 2.1%, and reported an earnings per share (EPS) of $2.77 for the most recent quarter.

HB Wealth Management LLC lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,693 shares of the wireless technology company's stock after selling 4,488 shares during the period. HB Wealth Management LLC's holdings in QUALCOMM were worth $6,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of QUALCOMM by 565.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock valued at $19,098,000 after buying an additional 105,631 shares during the last quarter. PFG Advisors boosted its holdings in QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock valued at $663,000 after acquiring an additional 321 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in QUALCOMM by 3.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock valued at $28,979,000 after acquiring an additional 6,017 shares during the last quarter. Russell Investments Group Ltd. increased its stake in QUALCOMM by 12.3% in the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock worth $203,904,000 after purchasing an additional 145,509 shares during the period. Finally, Manchester Capital Management LLC lifted its position in shares of QUALCOMM by 0.5% during the first quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company's stock worth $3,713,000 after purchasing an additional 129 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Stock Up 0.6%

QUALCOMM stock opened at $166.36 on Wednesday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $179.50 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.39 and a beta of 1.21. The business has a fifty day moving average of $158.96 and a two-hundred day moving average of $153.03. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the company posted $2.33 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Insider Activity

In other news, insider Heather S. Ace sold 1,600 shares of the company's 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 transaction, the insider directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 791 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,767 shares of company stock worth $1,488,745 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QCOM. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. UBS Group lifted 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. JPMorgan Chase & Co. increased their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price for the company in a research report on Tuesday, August 26th. One research 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 issued a Sell rating to the stock. According to MarketBeat, QUALCOMM presently has an average rating of "Moderate Buy" and an average price target of $182.82.

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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