Paradiem LLC Decreases Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Paradiem LLC reduced its stake in QUALCOMM Incorporated by 83.3% in Q2, leaving it with only 13,672 shares valued at approximately $2.18 million.
• Despite the reduction from Paradiem LLC, several other investors, including Park Place Capital Corp and Capital Investment Advisors LLC, significantly increased their holdings in QUALCOMM during the same period.
• QUALCOMM recently reported a quarterly EPS of $2.77, exceeding analysts' expectations, and declared a quarterly dividend of $0.89, providing a yield of 2.2%.

Paradiem LLC lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 83.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,672 shares of the wireless technology company's stock after selling 68,374 shares during the period. Paradiem LLC's holdings in QUALCOMM were worth $2,177,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Park Place Capital Corp increased its holdings in shares of QUALCOMM by 1,682.7% in the second quarter. Park Place Capital Corp now owns 7,095 shares of the wireless technology company's stock worth $1,131,000 after buying an additional 6,697 shares during the period. Alliance Wealth Advisors LLC increased its holdings in shares of QUALCOMM by 2.3% in the second quarter. Alliance Wealth Advisors LLC now owns 3,347 shares of the wireless technology company's stock worth $533,000 after buying an additional 75 shares during the period. Capital Investment Advisors LLC increased its holdings in shares of QUALCOMM by 11.0% in the second quarter. Capital Investment Advisors LLC now owns 306,992 shares of the wireless technology company's stock worth $48,892,000 after buying an additional 30,379 shares during the period. Raleigh Capital Management Inc. increased its holdings in shares of QUALCOMM by 10.2% in the second quarter. Raleigh Capital Management Inc. now owns 5,001 shares of the wireless technology company's stock worth $796,000 after buying an additional 461 shares during the period. Finally, Venture Visionary Partners LLC increased its holdings in shares of QUALCOMM by 1.5% in the second quarter. Venture Visionary Partners LLC now owns 63,582 shares of the wireless technology company's stock worth $10,126,000 after buying an additional 954 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Down 2.3%

QCOM stock opened at $165.30 on Tuesday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The business's 50 day moving average price is $158.79 and its two-hundred day moving average price is $152.94. 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 $178.36 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.45 and a beta of 1.21.

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 firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the business earned $2.33 EPS. The business'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. As a group, analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 4th. QUALCOMM's payout ratio is currently 34.33%.

Insider Buying and Selling

In other news, CAO Neil Martin sold 791 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the sale, the chief financial officer directly owned 39,874 shares in the company, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,100 shares of company stock valued at $2,026,291. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Bank of America decreased their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Rosenblatt Securities restated a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Piper Sandler reduced their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Finally, UBS Group boosted their price target on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.