Plato Investment Management Ltd Sells 4,698 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Plato Investment Management Ltd decreased its stake in QUALCOMM by 9.8% during Q1, owning now 43,462 shares valued at approximately $6.75 million.
• QUALCOMM experienced institutional investor activity with several funds either increasing or initiating stakes in the company, emphasizing strong interest with 74.35% of the stock owned by institutional investors.
• Analyst ratings for QUALCOMM are largely positive, with one Strong Buy, twelve Buy, and a consensus price target of $182.82 indicating a Moderate Buy rating.

Plato Investment Management Ltd cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 9.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,462 shares of the wireless technology company's stock after selling 4,698 shares during the quarter. QUALCOMM makes up 0.6% of Plato Investment Management Ltd's portfolio, making the stock its 29th largest holding. Plato Investment Management Ltd's holdings in QUALCOMM were worth $6,749,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Brighton Jones LLC lifted its holdings in shares of QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after acquiring an additional 340 shares during the period. Jefferies Financial Group Inc. lifted its holdings in shares of QUALCOMM by 134.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 17,076 shares of the wireless technology company's stock valued at $2,623,000 after acquiring an additional 9,806 shares during the period. LRI Investments LLC lifted its holdings in shares of QUALCOMM by 11.2% during the fourth quarter. LRI Investments LLC now owns 2,043 shares of the wireless technology company's stock valued at $314,000 after acquiring an additional 206 shares during the period. Finally, Logan Capital Management Inc. lifted its holdings in shares of QUALCOMM by 6.5% during the fourth quarter. Logan Capital Management Inc. now owns 5,709 shares of the wireless technology company's stock valued at $877,000 after acquiring an additional 346 shares during the period. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction 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 transaction, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the firm's 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 owned 21,193 shares in the company, valued at $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,626 shares of company stock valued at $1,948,054 over the last 90 days. Company insiders own 0.08% of the company's stock.

QUALCOMM Trading Up 1.6%

QUALCOMM stock traded up $2.56 during mid-day trading on Thursday, hitting $161.51. The stock had a trading volume of 8,352,587 shares, compared to its average volume of 6,619,301. The stock has a 50-day simple moving average of $156.40 and a two-hundred day simple moving average of $152.09. The stock has a market capitalization of $174.27 billion, a PE ratio of 15.57, a P/E/G ratio of 2.31 and a beta of 1.21. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Analysts Set New Price Targets

Several analysts have recently commented on QCOM shares. Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. UBS Group increased their target price on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Mizuho decreased their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Finally, Piper Sandler decreased 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. One research 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 data from MarketBeat.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus target price 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.