QUALCOMM Incorporated $QCOM Shares Bought by CCM Investment Advisers LLC

Key Points

• CCM Investment Advisers LLC increased its stake in QUALCOMM by 2.1%, holding 88,455 shares valued at $14.1 million.
• QUALCOMM reported $2.77 earnings per share, exceeding expectations, and achieved revenue growth of 10.4% year-over-year.
• The company has announced a quarterly dividend of $0.89, resulting in an annualized dividend yield of 2.1%.

CCM Investment Advisers LLC lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 88,455 shares of the wireless technology company's stock after buying an additional 1,823 shares during the quarter. QUALCOMM makes up 1.5% of CCM Investment Advisers LLC's portfolio, making the stock its 29th biggest position. CCM Investment Advisers LLC's holdings in QUALCOMM were worth $14,087,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC boosted its stake in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after acquiring 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 worth $26,000 after purchasing an additional 93 shares during the last quarter. WFA Asset Management Corp acquired a new position in QUALCOMM during the 1st quarter valued at approximately $27,000. Mascagni Wealth Management Inc. bought a new position in QUALCOMM during the 4th quarter worth $30,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in QUALCOMM in the fourth quarter worth $31,000. Institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Down 0.1%

Shares of QUALCOMM stock opened at $169.53 on Wednesday. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The firm has a market capitalization of $182.92 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.46 and a beta of 1.21. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock's fifty day moving average is $157.65 and its 200-day moving average is $152.51.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a $0.89 dividend. 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 is 34.33%.

Insider Activity

In other news, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the transaction, the chief accounting officer owned 404 shares in the company, valued at approximately $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Neil Martin sold 791 shares of the company's 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 transaction, the chief accounting officer directly owned 1,106 shares in the company, 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. Over the last 90 days, insiders sold 13,100 shares of company stock worth $2,026,291. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QCOM. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. UBS Group boosted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Mizuho dropped their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Arete Research set a $200.00 price target on QUALCOMM in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. increased their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.