Perpetual Ltd Grows Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Perpetual Ltd has increased its stake in QUALCOMM by 2.9%, acquiring an additional 6,410 shares, bringing their total holdings to 225,591 shares valued at approximately $35.93 million.
• QUALCOMM reported a strong quarterly performance with earnings per share of $2.77, exceeding forecasts, along with 10.4% year-over-year revenue growth to $10.37 billion.
• The company announced a quarterly dividend of $0.89 per share, yielding 2.1%, with the payment scheduled for September 25th to shareholders of record as of September 4th.

Perpetual Ltd boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,591 shares of the wireless technology company's stock after buying an additional 6,410 shares during the period. Perpetual Ltd's holdings in QUALCOMM were worth $35,928,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QCOM. WFA Asset Management Corp bought a new position in QUALCOMM in the first quarter worth $27,000. Vermillion & White Wealth Management Group LLC boosted its stake 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 worth $26,000 after acquiring an additional 93 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its stake 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 worth $26,000 after acquiring an additional 70 shares in the last quarter. Sunbeam Capital Management LLC bought a new stake in QUALCOMM during the fourth quarter worth about $29,000. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of QUALCOMM during the fourth quarter valued at approximately $30,000. Institutional investors own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the sale, the chief financial officer directly owned 39,874 shares in the company, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm's 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 directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,899 shares of company stock worth $1,992,121. Corporate insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on QCOM shares. Mizuho reduced their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. UBS Group lifted their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a research report on Tuesday, August 26th. JPMorgan Chase & Co. raised their price objective 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. Finally, Arete Research set a $200.00 target price on shares of QUALCOMM in a research note on Tuesday, August 26th. One research 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 issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Price Performance

NASDAQ QCOM traded down $1.28 on Friday, reaching $166.85. The company had a trading volume of 19,434,943 shares, compared to its average volume of 6,952,979. The stock has a market capitalization of $180.03 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 2.43 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 firm's 50 day moving average price is $157.04 and its 200 day moving average price is $152.36. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

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 (EPS) for the quarter, topping 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 in the prior year, the firm earned $2.33 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

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 given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

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.