QUALCOMM Incorporated $QCOM Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in QUALCOMM by 19.6% during the second quarter, acquiring 2,198 additional shares, bringing its total to 13,397 shares valued at approximately $2,134,000.
• Despite some insider selling, QUALCOMM reported earnings of $2.77 EPS for the last quarter, surpassing analyst expectations and reflecting a 10.4% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.89 per share, which translates to a 2.2% dividend yield, with the next payment scheduled for September 25th.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 19.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,397 shares of the wireless technology company's stock after purchasing an additional 2,198 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in QUALCOMM were worth $2,134,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd raised its position in QUALCOMM by 565.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock worth $19,098,000 after acquiring an additional 105,631 shares in the last quarter. PFG Advisors boosted its stake in QUALCOMM by 8.0% in the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock worth $663,000 after buying an additional 321 shares during the last quarter. Teza Capital Management LLC acquired a new stake in QUALCOMM in the 4th quarter worth about $1,541,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake 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 worth $28,979,000 after buying an additional 6,017 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake 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 worth $203,904,000 after buying an additional 145,509 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $161.83 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The stock's 50-day moving average is $156.39 and its two-hundred day moving average is $152.03. The firm has a market cap of $174.61 billion, a P/E ratio of 15.61, a PEG ratio of 2.35 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 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm posted $2.33 EPS. The firm'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. Analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

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

Insider Transactions at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction that occurred 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 completion of 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 through the SEC website. Also, 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 value of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock worth $1,948,054 over the last quarter. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on QCOM shares. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Tuesday, August 26th. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. Finally, Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. One investment 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM 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.

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