QUALCOMM Incorporated $QCOM Shares Acquired by Woodward Diversified Capital LLC

Key Points

• Woodward Diversified Capital LLC increased its stake in QUALCOMM by 112.0%, holding 5,503 shares valued at $876,000.
• QUALCOMM's recent earnings report revealed an EPS of $2.77, exceeding analysts' expectations, while revenue increased by 10.4% year-over-year.
• The company declared a quarterly dividend of $0.89 per share, representing an annualized yield of 2.1% and a payout ratio of 34.33%.

Woodward Diversified Capital LLC boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 112.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,503 shares of the wireless technology company's stock after buying an additional 2,907 shares during the period. Woodward Diversified Capital LLC's holdings in QUALCOMM were worth $876,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in QCOM. Vanguard Group Inc. increased its stake in QUALCOMM by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company's stock valued at $17,568,141,000 after buying an additional 638,284 shares during the period. Kingstone Capital Partners Texas LLC increased its stake in QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock worth $9,360,274,000 after purchasing an additional 58,764,593 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of QUALCOMM by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company's stock worth $1,600,976,000 after acquiring an additional 641,654 shares in the last quarter. Invesco Ltd. grew its position in QUALCOMM by 2.2% during the 1st quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock worth $1,512,458,000 after purchasing an additional 215,900 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of QUALCOMM by 5.3% during the first quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock valued at $1,441,847,000 after buying an additional 471,648 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $166.49 on Thursday. The stock has a fifty day moving average price of $159.09 and a 200-day moving average price of $153.12. The company has a market cap of $179.64 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.41 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. 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 earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share 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 firm had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the company posted $2.33 EPS. The company's revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

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

Insider Activity

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the company's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares in the company, valued at $34,510. This represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,767 shares of company stock worth $1,488,745. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on QCOM. Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Bank of America decreased their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. raised their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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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