Intech Investment Management LLC Has $9.26 Million Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Intech Investment Management LLC reduced its holdings in QUALCOMM by 44.1% in Q1, now owning 60,275 shares worth approximately $9.26 million.
• Several institutional investors increased their stakes in QUALCOMM, with 74.35% of the stock currently held by institutional investors and hedge funds.
• QUALCOMM reported a quarterly earnings beat with earnings per share of $2.77, exceeding analyst expectations, and declared a quarterly dividend of $0.89 per share.

Intech Investment Management LLC cut its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 44.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,275 shares of the wireless technology company's stock after selling 47,602 shares during the quarter. Intech Investment Management LLC's holdings in QUALCOMM were worth $9,259,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM during the first quarter worth $27,000. Vermillion & White Wealth Management Group LLC grew its holdings in QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares during the period. Sunbeam Capital Management LLC acquired a new stake in QUALCOMM in the fourth quarter worth $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in QUALCOMM in the fourth quarter worth $30,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on QCOM shares. JPMorgan Chase & Co. raised their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Mizuho reduced their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target for the company in a report on Tuesday, August 26th. Finally, Piper Sandler dropped their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. One 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Up 0.2%

Shares of NASDAQ QCOM opened at $158.95 on Thursday. The stock has a market capitalization of $171.51 billion, a P/E ratio of 15.33, a P/E/G ratio of 2.31 and a beta of 1.21. The company has a 50-day moving average price of $156.41 and a 200-day moving average price of $152.09. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $10.33 billion. During the same period last year, the company earned $2.33 earnings per share. The business's revenue 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, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a dividend of $0.89 per share. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.2%. QUALCOMM's payout ratio is 34.33%.

Insider Activity

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,626 shares of company stock valued at $1,948,054 in the last three months. 0.08% of the stock is owned by company insiders.

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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