Neville Rodie & Shaw Inc. Reduces Stake in QUALCOMM Incorporated $QCOM

Key Points

• Neville Rodie & Shaw Inc. reduced its stake in QUALCOMM by 2.7%, selling 1,709 shares to own a total of 61,835 shares valued at approximately $9.85 million as of their latest SEC filing.
• QUALCOMM recently reported a quarterly earnings per share (EPS) of $2.77, exceeding analysts' expectations, and saw a 10.4% revenue increase compared to last year, reaching $10.37 billion.
• The company announced a quarterly dividend of $0.89, with an annualized dividend yield of 2.2%, set to be paid on September 25th to investors on record as of September 4th.

Neville Rodie & Shaw Inc. reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,835 shares of the wireless technology company's stock after selling 1,709 shares during the period. Neville Rodie & Shaw Inc.'s holdings in QUALCOMM were worth $9,848,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of QCOM. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in QUALCOMM by 565.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock valued at $19,098,000 after buying an additional 105,631 shares during the last quarter. PFG Advisors grew its holdings in QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock valued at $663,000 after buying an additional 321 shares during the last quarter. Teza Capital Management LLC acquired a new stake in QUALCOMM during the 4th quarter valued at $1,541,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in QUALCOMM by 3.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock valued at $28,979,000 after buying an additional 6,017 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in QUALCOMM by 12.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock valued at $203,904,000 after buying an additional 145,509 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Up 0.2%

Shares of QUALCOMM stock opened at $161.83 on Friday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm has a market cap of $174.61 billion, a PE ratio of 15.61, a P/E/G ratio of 2.35 and a beta of 1.21. The business's fifty day moving average is $156.39 and its two-hundred day moving average is $152.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly 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. The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

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 given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Analysts Set New Price Targets

A number of equities research analysts have commented on QCOM shares. Piper Sandler lowered their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. UBS Group increased their target price on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete Research set a $200.00 price target on QUALCOMM in a research note on Tuesday, August 26th. Finally, Mizuho reduced their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, QUALCOMM currently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

Insider Transactions at QUALCOMM

In related news, CAO Patricia Y. Grech sold 236 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total value of $37,372.96. Following the transaction, the chief accounting officer directly owned 677 shares of the company's stock, valued at approximately $107,209.72. This trade represents a 25.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the 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 completion of the transaction, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,626 shares of company stock valued at $1,948,054. Corporate 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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