Oak Associates Ltd. OH Sells 7,185 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Oak Associates Ltd. OH has reduced its holdings in QUALCOMM by 2.3%, now owning approximately 308,814 shares valued at $47,437,000, making it the 8th largest position in their portfolio.
• Several research analysts have downgraded their price targets for QUALCOMM, with Wells Fargo lowering it to $140.00 and Arete upgrading it to a $200.00 buy rating.
• QUALCOMM announced a quarterly dividend of $0.89, reflecting a yield of 2.2%, with the ex-dividend date set for September 4th.

Oak Associates Ltd. OH cut its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,814 shares of the wireless technology company's stock after selling 7,185 shares during the quarter. QUALCOMM makes up about 3.6% of Oak Associates Ltd. OH's investment portfolio, making the stock its 8th largest position. Oak Associates Ltd. OH's holdings in QUALCOMM were worth $47,437,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC raised its position in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares during the period. Utah Retirement Systems lifted its stake in QUALCOMM by 0.3% in the fourth quarter. Utah Retirement Systems now owns 185,257 shares of the wireless technology company's stock worth $28,459,000 after purchasing an additional 500 shares during the last quarter. Voleon Capital Management LP purchased a new stake in QUALCOMM during the fourth quarter valued at about $2,418,000. Finally, Bridgewealth Advisory Group LLC bought a new position in shares of QUALCOMM during the fourth quarter valued at about $197,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other QUALCOMM news, CAO Patricia Y. Grech sold 236 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total transaction of $37,372.96. Following the transaction, the chief accounting officer owned 677 shares of the company's stock, valued at approximately $107,209.72. This trade represents a 25.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total value of $537,546.24. Following the sale, the chief financial officer owned 46,446 shares of the company's stock, valued at $7,490,810.88. This trade represents a 6.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock valued at $1,912,190 in the last quarter. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Performance

QUALCOMM stock traded down $0.07 during midday trading on Friday, hitting $160.73. The stock had a trading volume of 9,948,344 shares, compared to its average volume of 7,148,918. The firm's fifty day moving average is $156.18 and its two-hundred day moving average is $152.79. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The company has a market capitalization of $173.43 billion, a PE ratio of 15.50, a P/E/G ratio of 2.34 and a beta of 1.23. 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 released its earnings results 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 during 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 revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Benchmark dropped their target price on QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday. Susquehanna cut their target price on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. Evercore ISI lowered their price target on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price target on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently 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.