Phoenix Financial Ltd. Sells 9,314 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Phoenix Financial Ltd. reduced its stake in QUALCOMM, selling 9,314 shares and now holds 26,402 shares valued at approximately $4.2 million.
• QUALCOMM's quarterly earnings report showed earnings per share of $2.77, exceeding estimates, alongside a revenue of $10.37 billion.
• The company declared a quarterly dividend of $0.89 per share, indicating an annualized dividend yield of 2.1%, set to be paid on December 18th.

Phoenix Financial Ltd. trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 26.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,402 shares of the wireless technology company's stock after selling 9,314 shares during the period. Phoenix Financial Ltd.'s holdings in QUALCOMM were worth $4,201,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Capital Advantage Inc. lifted its holdings in shares of QUALCOMM by 2.8% during the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock worth $375,000 after buying an additional 64 shares during the last quarter. Rise Advisors LLC boosted its holdings in QUALCOMM by 6.7% in the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock valued at $161,000 after purchasing an additional 66 shares during the period. Bell Investment Advisors Inc boosted its holdings in QUALCOMM by 4.6% in the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock valued at $231,000 after purchasing an additional 66 shares during the period. Collaborative Wealth Managment Inc. lifted its stake in shares of QUALCOMM by 5.1% in the first quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after buying an additional 69 shares during the period. Finally, Thoroughbred Financial Services LLC grew its holdings in shares of QUALCOMM by 0.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after purchasing an additional 69 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Price Performance

Shares of QCOM stock opened at $168.83 on Wednesday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $182.17 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.43 and a beta of 1.23. The firm's 50 day moving average is $162.68 and its 200-day moving average is $154.22. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (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 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 business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM's payout ratio is currently 34.33%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the company's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer owned 203 shares in the company, valued at approximately $34,510. The trade was a 49.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the firm's stock in a transaction on Monday, October 20th. The stock was sold at an average price of $166.06, for a total value of $1,384,110.10. Following the completion of the transaction, the chief financial officer owned 36,541 shares in the company, valued at $6,067,998.46. This represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 168,102 shares of company stock worth $27,706,855 over the last 90 days. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

QCOM has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Weiss Ratings restated a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday, October 8th. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. 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 report on Tuesday, August 26th. Finally, Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. One investment 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. According to MarketBeat, QUALCOMM has an average rating of "Moderate Buy" and an average target price of $182.82.

About QUALCOMM

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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