ORG Wealth Partners LLC Trims Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• ORG Wealth Partners LLC has reduced its stake in QUALCOMM by 24.4%, owning 6,885 shares valued at approximately $1,098,000 after selling 2,217 shares.
• QUALCOMM reported $2.77 earnings per share (EPS) for its last quarter, exceeding analysts' expectations of $2.71, while also showcasing a revenue increase of 10.4% year-over-year.
• The company announced a quarterly dividend of $0.89 per share, reflecting a 2.1% yield, with a dividend payout ratio of 34.33%.

ORG Wealth Partners LLC cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 24.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,885 shares of the wireless technology company's stock after selling 2,217 shares during the period. ORG Wealth Partners LLC's holdings in QUALCOMM were worth $1,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC lifted its position in 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 valued at $26,000 after acquiring an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings 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 valued at $26,000 after buying an additional 93 shares during the last quarter. WFA Asset Management Corp purchased a new stake in shares of QUALCOMM in the first quarter valued at about $27,000. Mascagni Wealth Management Inc. purchased a new stake in shares of QUALCOMM in the fourth quarter valued at about $30,000. Finally, Atticus Wealth Management LLC raised its holdings 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 valued at $34,000 after buying an additional 212 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Down 0.3%

Shares of QUALCOMM stock opened at $169.20 on Friday. 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 company's 50-day simple moving average is $158.67 and its 200-day simple moving average is $152.87. The firm has a market cap of $182.57 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 2.46 and a beta of 1.21.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 for 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. The business's 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. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

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. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM's dividend payout ratio is presently 34.33%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 273 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $161.42, for a total transaction of $44,067.66. Following the transaction, the chief accounting officer directly owned 404 shares in the company, valued at approximately $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated 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 owned 21,193 shares in the company, valued at $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. Over the last three months, insiders have sold 13,100 shares of company stock valued at $2,026,291. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Piper Sandler reduced their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. UBS Group upped their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price for the company in a report on Tuesday, August 26th. Finally, Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. 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 company. Based on data from MarketBeat.com, QUALCOMM presently 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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