QUALCOMM Incorporated $QCOM is DDD Partners LLC's 9th Largest Position

Key Points

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DDD Partners LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 29.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,437 shares of the wireless technology company's stock after acquiring an additional 35,178 shares during the period. QUALCOMM accounts for approximately 2.6% of DDD Partners LLC's investment portfolio, making the stock its 9th biggest position. DDD Partners LLC's holdings in QUALCOMM were worth $24,596,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Avion Wealth grew its stake in shares of QUALCOMM by 16.7% in the 2nd quarter. Avion Wealth now owns 441 shares of the wireless technology company's stock valued at $70,000 after buying an additional 63 shares during the period. Insight Advisors LLC PA grew its stake in shares of QUALCOMM by 1.8% in the 2nd quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company's stock valued at $556,000 after buying an additional 63 shares during the period. Capital Advantage Inc. grew its stake in shares of QUALCOMM by 2.8% in the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock valued at $375,000 after buying an additional 64 shares during the period. Rise Advisors LLC grew its stake in shares of 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 buying an additional 66 shares during the period. Finally, Bell Investment Advisors Inc grew its stake in shares of 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 buying an additional 66 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Up 0.4%

QUALCOMM stock traded up $0.68 during mid-day trading on Friday, reaching $170.71. 581,429 shares of the company's stock were exchanged, compared to its average volume of 8,187,937. The company has a market cap of $184.20 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.47 and a beta of 1.23. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month 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 has a fifty day moving average of $163.18 and a 200-day moving average of $154.60.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating 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 company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the firm posted $2.33 EPS. The company's quarterly 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. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio is currently 34.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on QCOM. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. increased 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. Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Finally, Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Tuesday, August 26th. One 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.27.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the sale, the chief financial officer directly owned 36,541 shares of the company's stock, valued at approximately $6,067,998.46. This represents a 18.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 168,102 shares of company stock worth $27,706,855. Corporate insiders own 0.08% of the company's stock.

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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