QUALCOMM Incorporated $QCOM Position Trimmed by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD has reduced its holdings in QUALCOMM by 0.4%, now owning approximately 11.54 million shares valued at about $1.77 billion.
• Recent analyst reports show mixed sentiments, with UBS raising its price target to $165, while others have decreased their targets, reflecting a consensus rating of "Hold" with an average price target of $181.10.
• QUALCOMM declared a quarterly dividend of $0.89 per share, which will be paid on September 25th, reflecting a 2.3% annual yield.

Price T Rowe Associates Inc. MD cut its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,543,108 shares of the wireless technology company's stock after selling 43,179 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.05% of QUALCOMM worth $1,773,138,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp bought a new stake in shares of QUALCOMM during the first quarter worth approximately $27,000. Banque Transatlantique SA acquired a new position in shares of QUALCOMM in the fourth quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares in the last quarter. Sunbeam Capital Management LLC acquired a new stake in QUALCOMM during the 4th quarter worth approximately $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in QUALCOMM during the 4th quarter worth approximately $30,000. 74.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on QCOM shares. JPMorgan Chase & Co. boosted their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Evercore ISI cut their target price on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Piper Sandler cut 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. Eleven research analysts have rated the stock with a Buy rating, ten have assigned 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 "Hold" and an average target price of $181.10.

Insider Activity

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 value of $234,240.00. Following the transaction, the insider 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 document filed with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,390 shares of company stock worth $1,874,817. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Performance

NASDAQ QCOM traded up $3.88 during trading hours on Friday, reaching $158.01. The stock had a trading volume of 7,710,038 shares, compared to its average volume of 8,572,686. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The stock has a fifty day moving average of $155.64 and a 200 day moving average of $153.20. The stock has a market cap of $170.49 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 2.25 and a beta of 1.23.

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

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

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.