Lbp Am Sa Trims Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Lbp Am Sa has reduced its holdings in QUALCOMM by 19.3% during the second quarter, now owning 132,936 shares worth approximately $21.17 million.
• QUALCOMM's stock remains attractive to analysts, with various firms raising their price targets, including UBS Group increasing it from $145 to $165 and JPMorgan Chase from $190 to $200.
• The company recently announced a quarterly dividend of $0.89 per share, reflecting an annual yield of 2.1% and a payout ratio of 34.33%.

Lbp Am Sa decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 19.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,936 shares of the wireless technology company's stock after selling 31,871 shares during the period. Lbp Am Sa's holdings in QUALCOMM were worth $21,171,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. WFA Asset Management Corp purchased a new position in shares of QUALCOMM in the first quarter worth about $27,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of 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 in the last quarter. Atlantic Edge Private Wealth Management LLC increased its stake 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 purchasing an additional 70 shares in the last quarter. Atticus Wealth Management LLC increased its stake in shares of QUALCOMM by 21,200.0% in 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 in the last quarter. Finally, Abound Financial LLC purchased a new position in shares of QUALCOMM in the first quarter worth about $39,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analyst Ratings Changes

QCOM has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a research note on Tuesday, August 26th. JPMorgan Chase & Co. boosted their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Bank of America reduced their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Trading Up 0.6%

Shares of QUALCOMM stock opened at $166.36 on Wednesday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The firm has a market cap of $179.50 billion, a PE ratio of 16.04, a PEG ratio of 2.39 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company has a 50 day simple moving average of $158.96 and a two-hundred day simple moving average of $153.03.

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 net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the business posted $2.33 earnings per share. QUALCOMM's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

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

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of QUALCOMM stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares in the company, valued at $34,510. The trade was a 49.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,767 shares of company stock valued at $1,488,745. Company insiders own 0.08% of the company's stock.

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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