McGuire Investment Group LLC Boosts Holdings in QUALCOMM Incorporated $QCOM

Key Points

• McGuire Investment Group LLC increased its stake in QUALCOMM by 1.5% during the second quarter, holding 152,685 shares valued at approximately $24.3 million.
• Institutional investors own 74.35% of QUALCOMM, with notable increases in holdings from firms like Vanguard and Kingstone Capital Partners.
• QUALCOMM announced a quarterly dividend of $0.89 per share, representing an annualized yield of 2.1%.

McGuire Investment Group LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 152,685 shares of the wireless technology company's stock after purchasing an additional 2,259 shares during the quarter. QUALCOMM accounts for approximately 3.1% of McGuire Investment Group LLC's holdings, making the stock its 8th biggest holding. McGuire Investment Group LLC's holdings in QUALCOMM were worth $24,317,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in 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 purchasing an additional 638,284 shares during the period. Kingstone Capital Partners Texas LLC raised its position in shares of 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 valued at $9,360,274,000 after acquiring an additional 58,764,593 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in QUALCOMM by 6.6% during 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 in the last quarter. Invesco Ltd. increased its stake in QUALCOMM by 2.2% during 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in QUALCOMM by 5.3% during 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 in the last quarter. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In related news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction on Friday, August 1st. The stock was 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 approximately $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the transaction, the chief accounting officer owned 404 shares in the company, valued at approximately $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 9,767 shares of company stock worth $1,488,745 over the last three months. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Up 0.1%

QCOM opened at $166.49 on Thursday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company has a market capitalization of $179.64 billion, a P/E ratio of 16.05, a P/E/G ratio of 2.41 and a beta of 1.23. The stock has a fifty day moving average of $159.09 and a 200-day moving average of $153.12.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm earned $2.33 earnings per share. The company's revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were given a $0.89 dividend. The ex-dividend date was Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on QCOM shares. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target for the company in a research note on Tuesday, August 26th. UBS Group raised their target price 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. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Piper Sandler cut their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Finally, Bank of America cut their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. One equities 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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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