QUALCOMM Incorporated $QCOM Shares Acquired by O Keefe Stevens Advisory Inc.

Key Points

• O Keefe Stevens Advisory Inc. increased its stake in QUALCOMM by 2.0% in Q2, holding 142,273 shares valued at approximately $22.66 million, making it the firm's second-largest position.
• QUALCOMM reported a quarterly EPS of $2.77, surpassing analysts' expectations, with a revenue of $10.37 billion for the quarter, indicating a 10.4% year-over-year growth.
• The company declared a quarterly dividend of $0.89, representing an annualized dividend yield of 2.1%, with insiders reportedly selling over $26 million in stock over the past 90 days.

O Keefe Stevens Advisory Inc. increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 142,273 shares of the wireless technology company's stock after purchasing an additional 2,850 shares during the period. QUALCOMM makes up approximately 6.4% of O Keefe Stevens Advisory Inc.'s holdings, making the stock its 2nd largest position. O Keefe Stevens Advisory Inc.'s holdings in QUALCOMM were worth $22,658,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in QUALCOMM by 565.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock valued at $19,098,000 after acquiring an additional 105,631 shares in the last quarter. PFG Advisors raised its holdings in QUALCOMM by 8.0% in the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock valued at $663,000 after acquiring an additional 321 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in QUALCOMM by 3.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock valued at $28,979,000 after acquiring an additional 6,017 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in QUALCOMM by 12.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock valued at $203,904,000 after acquiring an additional 145,509 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in QUALCOMM by 0.5% in the 1st quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company's stock valued at $3,713,000 after acquiring an additional 129 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Up 0.2%

Shares of QCOM opened at $169.18 on Friday. The firm has a market capitalization of $182.55 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 2.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The business's fifty day moving average price is $159.51 and its two-hundred day moving average price is $153.25. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10.

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. The firm had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were paid a $0.89 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio is 34.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on QCOM shares. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. Arete Research set a $200.00 price target on QUALCOMM in a report on Tuesday, August 26th. Mizuho cut their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of QUALCOMM in a report on Saturday, September 27th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

Insider Buying and Selling

In other 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 value of $234,240.00. Following the transaction, the insider owned 21,193 shares of the company's stock, valued at $3,102,655.20. This represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 791 shares of the stock in a transaction 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 transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock worth $26,322,745 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

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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