Belpointe Asset Management LLC Acquires 5,436 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Belpointe Asset Management LLC increased its stake in QUALCOMM by 24.1%, owning 27,969 shares valued at approximately $4.3 million after acquiring additional shares in the first quarter.
• QUALCOMM reported better-than-expected earnings of $2.77 per share for the last quarter, surpassing analyst estimates, with a quarterly revenue of $10.37 billion.
• The company declared a quarterly dividend of $0.89 per share, resulting in an annualized dividend yield of 2.2%, set to be paid on September 25th.

Belpointe Asset Management LLC lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 24.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,969 shares of the wireless technology company's stock after buying an additional 5,436 shares during the quarter. Belpointe Asset Management LLC's holdings in QUALCOMM were worth $4,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of QCOM. Nuveen LLC bought a new position in shares of QUALCOMM in the 1st quarter worth $529,713,000. GAMMA Investing LLC lifted its holdings in shares of QUALCOMM by 20,700.4% in the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock worth $501,192,000 after purchasing an additional 3,247,068 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of QUALCOMM by 17.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock worth $1,502,509,000 after purchasing an additional 1,424,106 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of QUALCOMM by 24.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock worth $1,114,403,000 after purchasing an additional 1,407,797 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of QUALCOMM in the 4th quarter worth $204,085,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on QCOM. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. 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. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. 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. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Patricia Y. Grech sold 236 shares of QUALCOMM stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total value of $37,372.96. Following the sale, the chief accounting officer owned 677 shares in the company, valued at $107,209.72. The trade was a 25.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,626 shares of company stock valued at $1,948,054. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Up 1.6%

NASDAQ:QCOM traded up $2.56 during trading hours on Thursday, hitting $161.51. 8,352,587 shares of the company traded hands, compared to its average volume of 6,619,301. 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 firm's 50-day simple moving average is $156.40 and its 200-day simple moving average is $152.09. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company has a market cap of $174.27 billion, a PE ratio of 15.57, a PEG ratio of 2.31 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the business earned $2.33 EPS. The business's revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is presently 34.33%.

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.