Ieq Capital LLC Acquires 44,803 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Ieq Capital LLC increased its stake in QUALCOMM Incorporated by 75.3% during the first quarter, now holding shares valued at $16.02 million.
• QUALCOMM reported a quarterly earnings per share of $2.77, exceeding expectations, with revenue of $10.37 billion, reflecting a 10.4% increase from the previous year.
• The company declared a quarterly dividend of $0.89 per share, resulting in an annualized yield of 2.2% for shareholders.

Ieq Capital LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 75.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,292 shares of the wireless technology company's stock after buying an additional 44,803 shares during the period. Ieq Capital LLC's holdings in QUALCOMM were worth $16,020,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in 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 period. PFG Advisors lifted its stake in QUALCOMM by 8.0% during the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock worth $663,000 after purchasing an additional 321 shares during the last quarter. Teza Capital Management LLC bought a new stake in QUALCOMM during the fourth quarter worth about $1,541,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in QUALCOMM by 3.3% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock worth $28,979,000 after purchasing an additional 6,017 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in QUALCOMM by 12.3% during 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 last quarter. Institutional investors own 74.35% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on QCOM shares. Piper Sandler decreased their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Cantor Fitzgerald reiterated a "neutral" rating and issued a $150.00 price objective on shares of QUALCOMM in a report on Thursday, May 1st. Bank of America decreased their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Finally, Susquehanna decreased their price objective on QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

Insider Buying and Selling

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 sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $148.10, for a total value of $493,617.30. Following the completion of the transaction, the chief financial officer directly owned 43,207 shares in the company, valued at $6,398,956.70. This trade represents a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,626 shares of company stock valued at $1,912,190. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Down 0.0%

NASDAQ:QCOM traded down $0.07 during mid-day trading on Friday, reaching $160.73. 9,948,344 shares of the company's stock traded hands, compared to its average volume of 7,148,918. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The firm has a market capitalization of $173.43 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 2.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company has a 50 day moving average price of $156.18 and a 200-day moving average price of $152.79.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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 prior year, the business earned $2.33 EPS. The business'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. On average, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given 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 of this dividend is Thursday, September 4th. QUALCOMM's payout ratio is currently 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.