QUALCOMM Incorporated $QCOM Shares Purchased by Bragg Financial Advisors Inc

Key Points

• Bragg Financial Advisors Inc increased its stake in QUALCOMM by 3.5%, owning 85,749 shares valued at $13.17 million after purchasing an additional 2,898 shares.
• Over the first quarter, various institutional investors significantly increased their holdings in QUALCOMM, with GAMMA Investing LLC raising its stake by an astounding 20,700.4%.
• QUALCOMM recently reported earnings per share (EPS) of $2.77 for the last quarter, exceeding analysts' expectations, and has announced a quarterly dividend of $0.89 per share.

Bragg Financial Advisors Inc raised its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 85,749 shares of the wireless technology company's stock after purchasing an additional 2,898 shares during the period. Bragg Financial Advisors Inc's holdings in QUALCOMM were worth $13,172,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Nuveen LLC purchased a new position in QUALCOMM during the first quarter worth about $529,713,000. GAMMA Investing LLC increased its holdings in shares of QUALCOMM by 20,700.4% during the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock worth $501,192,000 after buying an additional 3,247,068 shares during the last quarter. Northern Trust Corp increased its holdings in shares of QUALCOMM by 12.7% during the 4th quarter. Northern Trust Corp now owns 13,289,513 shares of the wireless technology company's stock worth $2,041,535,000 after buying an additional 1,493,076 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of QUALCOMM by 17.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock valued at $1,502,509,000 after buying an additional 1,424,106 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in QUALCOMM by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock valued at $1,114,403,000 after acquiring an additional 1,407,797 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Activity 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 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 SEC, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $148.10, for a total transaction of $493,617.30. Following the transaction, the chief financial officer owned 43,207 shares in the company, valued at approximately $6,398,956.70. This trade represents a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 424,099 shares of company stock valued at $8,352,355 in the last three months. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on QCOM. Evercore ISI reduced their target price on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a report on Friday, May 9th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $181.10.

QUALCOMM Trading Down 0.5%

NASDAQ QCOM opened at $155.44 on Thursday. The stock has a market capitalization of $167.72 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23. The firm has a 50 day moving average of $155.66 and a two-hundred day moving average of $153.41. 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 Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the business earned $2.33 EPS. QUALCOMM'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, research analysts expect 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. Investors of record on Thursday, September 4th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.3%. QUALCOMM's payout ratio 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.

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