QUALCOMM Incorporated $QCOM Shares Acquired by Sage Capital Advisors llc

Key Points

• Sage Capital Advisors increased its holdings in QUALCOMM by 17.5%, owning 20,198 shares valued at approximately $3.22 million after purchasing an additional 3,002 shares in Q2.
• Qualcomm's quarterly earnings were reported at $2.77 per share, exceeding estimates, with revenue of $10.37 billion, marking a 10.4% increase compared to the same quarter last year.
• The company recently declared a quarterly dividend of $0.89 per share, with a yield of 2.2%, to be paid to shareholders on September 25th.

Sage Capital Advisors llc grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 17.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,198 shares of the wireless technology company's stock after buying an additional 3,002 shares during the quarter. Sage Capital Advisors llc's holdings in QUALCOMM were worth $3,217,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after buying an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after buying an additional 93 shares during the period. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM in the 1st quarter valued at approximately $27,000. Sunbeam Capital Management LLC acquired a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $30,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's 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 owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $234,240.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 12,626 shares of company stock worth $1,948,054 over the last ninety days. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

QUALCOMM stock opened at $161.83 on Friday. 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 stock has a fifty day moving average of $156.39 and a two-hundred day moving average of $152.10. The company has a market capitalization of $174.61 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.35 and a beta of 1.21. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results 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 company had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM's revenue was up 10.4% compared to the same quarter last year. 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, analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business 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 annualized dividend and a yield of 2.2%. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Arete Research set a $200.00 price target on QUALCOMM in a report on Tuesday, August 26th. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. UBS Group raised their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a research note on Tuesday, August 26th. Finally, Piper Sandler dropped their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.

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