QUALCOMM Incorporated $QCOM Position Decreased by Perigon Wealth Management LLC

Key Points

• Perigon Wealth Management LLC reduced its position in QUALCOMM by 6.8%, holding 43,072 shares valued at approximately $6.86 million after selling 3,143 shares in the second quarter.
• QUALCOMM has a consensus rating of "Moderate Buy" with an average price target of $182.82, as various analysts provided mixed recommendations ranging from "Strong Buy" to "Sell."
• The company declared a quarterly dividend of $0.89 per share, translating to an annual yield of 2.1%, with a payout ratio of 34.33%.

Perigon Wealth Management LLC cut its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,072 shares of the wireless technology company's stock after selling 3,143 shares during the quarter. Perigon Wealth Management LLC's holdings in QUALCOMM were worth $6,860,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WFA Asset Management Corp bought a new position in QUALCOMM during the first quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC raised its position in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 70 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new position in QUALCOMM during the fourth quarter valued at approximately $30,000. Finally, Wood Tarver Financial Group LLC acquired a new position in QUALCOMM during the fourth quarter valued at approximately $31,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on QCOM. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. 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 research note on Tuesday, August 26th. Mizuho lowered their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. UBS Group raised their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Performance

QUALCOMM stock opened at $173.55 on Thursday. The stock has a market capitalization of $187.26 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 2.45 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 quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock has a 50-day simple moving average of $158.04 and a 200 day simple moving average of $152.66.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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. 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 company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. QUALCOMM's dividend payout ratio is 34.33%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the 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 owned 39,874 shares in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,100 shares of company stock worth $2,026,291. Insiders own 0.08% of the company's stock.

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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