Krilogy Financial LLC Acquires 8,369 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Krilogy Financial LLC significantly increased its holdings in QUALCOMM by 77.1%, acquiring an additional 8,369 shares to reach a total of 19,230 shares valued at approximately $3,063,000.
• QUALCOMM reported better-than-expected quarterly earnings of $2.77 per share, surpassing the estimate of $2.71, along with a revenue of $10.37 billion, which was above analyst expectations.
• The company announced a quarterly dividend of $0.89 per share, representing an annualized dividend of $3.56, with a dividend yield of 2.2% as of the latest disclosure.

Krilogy Financial LLC increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 77.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,230 shares of the wireless technology company's stock after purchasing an additional 8,369 shares during the quarter. Krilogy Financial LLC's holdings in QUALCOMM were worth $3,063,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of QCOM. Brighton Jones LLC grew its stake in shares of QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of QUALCOMM in the fourth quarter worth $1,541,000. Two Sigma Investments LP grew its stake in shares of QUALCOMM by 10.0% in the fourth quarter. Two Sigma Investments LP now owns 1,567,873 shares of the wireless technology company's stock worth $240,857,000 after purchasing an additional 142,749 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in QUALCOMM by 27.1% during the fourth quarter. Two Sigma Advisers LP now owns 2,621,300 shares of the wireless technology company's stock valued at $402,684,000 after acquiring an additional 559,400 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $161.22 on Tuesday. The firm's 50-day moving average price is $156.46 and its 200-day moving average price is $152.04. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The firm has a market capitalization of $173.96 billion, a P/E ratio of 15.55, a P/E/G ratio of 2.35 and a beta of 1.21. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The business's quarterly 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. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend yield of 2.2%. QUALCOMM's dividend payout ratio is currently 34.33%.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the company'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 sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Patricia Y. Grech sold 273 shares of the company's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the completion of the sale, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. This represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,899 shares of company stock worth $1,992,121 over the last three months. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on QCOM. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. One 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 issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $182.82.

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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