J. Safra Sarasin Holding AG Cuts Holdings in QUALCOMM Incorporated $QCOM

Key Points

• J. Safra Sarasin Holding AG reduced its holdings in QUALCOMM by 29.9%, owning 16,655 shares worth $2,652,000 after selling 7,110 shares in the 2nd quarter.
• QUALCOMM announced a quarterly dividend of $0.89 per share, yielding 2.1%, with its annualized dividend totaling $3.56.
• The company's recent earnings report showed earnings per share of $2.77, exceeding analysts' expectations and representing a 10.4% year-over-year revenue increase.

J. Safra Sarasin Holding AG trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 29.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,655 shares of the wireless technology company's stock after selling 7,110 shares during the period. J. Safra Sarasin Holding AG's holdings in QUALCOMM were worth $2,652,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of QUALCOMM by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company's stock valued at $17,568,141,000 after buying an additional 638,284 shares during the period. Kingstone Capital Partners Texas LLC raised its holdings in QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock worth $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in QUALCOMM by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company's stock worth $1,600,976,000 after purchasing an additional 641,654 shares during the period. Invesco Ltd. raised its holdings in QUALCOMM by 2.2% in the 1st quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock worth $1,512,458,000 after purchasing an additional 215,900 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in QUALCOMM by 5.3% in the 1st quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock worth $1,441,847,000 after purchasing an additional 471,648 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Stock Up 0.2%

Shares of NASDAQ:QCOM opened at $169.18 on Friday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The business has a 50 day simple moving average of $159.51 and a two-hundred day simple moving average of $153.29. The firm has a market capitalization of $182.55 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 2.46 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.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the business earned $2.33 earnings per share. The company'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, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. QUALCOMM's payout ratio is currently 34.33%.

Insider Activity

In other news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer directly owned 39,874 shares of the company's stock, valued at $6,254,635.64. This represents a 7.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 159,767 shares of company stock valued at $26,322,745. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on QCOM shares. Arete Research set a $200.00 target price on QUALCOMM in a report on Tuesday, August 26th. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Mizuho decreased their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Piper Sandler decreased their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Finally, Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

About QUALCOMM

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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