KMG Fiduciary Partners LLC Has $14.71 Million Holdings in QUALCOMM Incorporated $QCOM

Key Points

• KMG Fiduciary Partners LLC has increased its stake in QUALCOMM by 2.4% in Q2, now owning 92,370 shares worth approximately $14.71 million.
• QUALCOMM's recent quarterly earnings report showed a net margin of 26.77% with earnings per share of $2.77, exceeding analysts' expectations.
• A recent analyst report downgraded QUALCOMM from a "buy" to a "hold," while several others have set target prices ranging from $165 to $225.

KMG Fiduciary Partners LLC raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,370 shares of the wireless technology company's stock after buying an additional 2,185 shares during the period. QUALCOMM accounts for about 1.1% of KMG Fiduciary Partners LLC's portfolio, making the stock its 16th largest holding. KMG Fiduciary Partners LLC's holdings in QUALCOMM were worth $14,711,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in QUALCOMM by 0.6% in 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 valued at $1,600,976,000 after acquiring an additional 641,654 shares during the period. Invesco Ltd. grew its position in shares of QUALCOMM by 2.2% in the 1st quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock valued at $1,512,458,000 after acquiring an additional 215,900 shares during the period. Ameriprise Financial Inc. grew its position in shares of QUALCOMM by 5.3% in the 1st quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock valued at $1,441,847,000 after acquiring an additional 471,648 shares during the period. Finally, Deutsche Bank AG grew its position in shares of QUALCOMM by 11.2% in the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock valued at $1,331,170,000 after acquiring an additional 875,412 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company'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 transaction, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. This represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,899 shares of company stock worth $1,992,121 in the last three months. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on QCOM. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Bank of America reduced their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Mizuho reduced their target price 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. Finally, Piper Sandler reduced their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Trading Down 0.8%

Shares of NASDAQ:QCOM traded down $1.28 during mid-day trading on Friday, reaching $166.85. 19,434,943 shares of the company's stock were exchanged, compared to its average volume of 6,952,979. The firm has a market capitalization of $180.03 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.43 and a beta of 1.21. The business's fifty day moving average price is $157.04 and its 200-day moving average price is $152.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. 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 issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM's payout ratio is presently 34.33%.

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.