Kornitzer Capital Management Inc. KS Sells 3,480 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Kornitzer Capital Management Inc. reduced its holdings in QUALCOMM by 1.0%, selling 3,480 shares, which now make up 1.1% of its investment portfolio valued at approximately $55.4 million.
• Multiple analysts have upgraded and reiterated ratings on QUALCOMM, with Susquehanna increasing their price target to $200.00 while the average analyst rating remains a "Moderate Buy."
• QUALCOMM has recently announced a quarterly dividend of $0.89 per share, representing an annualized yield of 2.1% and a payout ratio of 34.33%.

Kornitzer Capital Management Inc. KS lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,808 shares of the wireless technology company's stock after selling 3,480 shares during the quarter. QUALCOMM makes up approximately 1.1% of Kornitzer Capital Management Inc. KS's investment portfolio, making the stock its 17th largest position. Kornitzer Capital Management Inc. KS's holdings in QUALCOMM were worth $55,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in QCOM. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in shares of QUALCOMM by 122.4% during 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 last quarter. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM during the second quarter worth about $32,000. Harbor Asset Planning Inc. bought a new stake in shares of QUALCOMM during the second quarter worth about $32,000. Finally, Atticus Wealth Management LLC grew its holdings in shares of QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock worth $34,000 after purchasing an additional 212 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Susquehanna boosted their price target on QUALCOMM from $190.00 to $200.00 and gave the stock a "positive" rating in a report on Wednesday. Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. lifted 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, Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $183.27.

QUALCOMM Stock Down 0.6%

Shares of NASDAQ QCOM traded down $1.09 during midday trading on Friday, hitting $168.94. 6,248,912 shares of the stock traded hands, compared to its average volume of 7,402,797. The company has a market cap of $182.29 billion, a PE ratio of 16.29, a P/E/G ratio of 2.47 and a beta of 1.23. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The business has a 50 day moving average price of $163.40 and a two-hundred day moving average price of $154.91. 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 (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (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 business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the company posted $2.33 earnings per share. QUALCOMM's revenue 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM's dividend payout ratio is 34.33%.

Insider Transactions at QUALCOMM

In other news, CAO Patricia Y. Grech sold 273 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the transaction, the chief accounting officer owned 404 shares of the company's stock, valued at $65,213.68. This represents a 40.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $166.06, for a total value of $1,384,110.10. Following the sale, the chief financial officer directly owned 36,541 shares in the company, valued at $6,067,998.46. This trade represents a 18.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,102 shares of company stock worth $27,706,855. Company insiders own 0.08% of the company's stock.

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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