NewEdge Advisors LLC Raises Holdings in QUALCOMM Incorporated $QCOM

Key Points

• NewEdge Advisors LLC increased its holdings in QUALCOMM by 19.0% during the first quarter, acquiring an additional 18,838 shares, bringing their total to 117,735 shares valued at approximately $18,085,000.
• QUALCOMM has announced a quarterly dividend of $0.89 per share, which will be paid on September 25th, representing a $3.56 annual dividend with a yield of 2.2%.
• Equities analysts maintain a Moderate Buy rating on QUALCOMM, with an average target price of $182.82, reflecting positive sentiment towards the company’s stock performance.

NewEdge Advisors LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,735 shares of the wireless technology company's stock after purchasing an additional 18,838 shares during the quarter. NewEdge Advisors LLC's holdings in QUALCOMM were worth $18,085,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other news, 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 transaction, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 236 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 in the company, valued at $107,209.72. This trade represents a 25.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock valued at $1,948,054 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Price Performance

NASDAQ:QCOM traded up $0.13 during trading hours on Friday, hitting $159.84. 7,951,227 shares of the company's stock traded hands, compared to its average volume of 6,680,516. The business's fifty day simple moving average is $156.47 and its two-hundred day simple moving average is $152.03. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $172.47 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.32 and a beta of 1.21.

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

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. QUALCOMM's payout ratio is 34.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on QCOM shares. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. Bank of America reduced their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. JPMorgan Chase & Co. increased their price objective on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Piper Sandler reduced their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Finally, Mizuho reduced their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

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.