QUALCOMM Incorporated $QCOM Shares Purchased by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in QUALCOMM by 4.5% in Q1, owning 145,481 shares valued at approximately $22.35 million.
• QUALCOMM's recent quarterly earnings exceeded expectations, with $2.77 EPS reported, marking a 10.4% year-over-year revenue increase to $10.37 billion.
• The company announced a quarterly dividend of $0.89 per share, to be paid on September 25th, reflecting an annualized yield of 2.3%.

Edmond DE Rothschild Holding S.A. boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,481 shares of the wireless technology company's stock after purchasing an additional 6,238 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in QUALCOMM were worth $22,347,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC grew its holdings in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in QUALCOMM by 122.4% in the first 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 in the last quarter. WFA Asset Management Corp bought a new stake in QUALCOMM in the first quarter valued at about $27,000. Sunbeam Capital Management LLC bought a new stake in QUALCOMM in the fourth quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in QUALCOMM during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In other news, CAO Patricia Y. Grech sold 236 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total transaction of $37,372.96. Following the completion of the sale, the chief accounting officer owned 677 shares in the company, valued at approximately $107,209.72. This represents a 25.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM 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 completion of the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,626 shares of company stock valued at $1,948,054 in the last ninety days. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their price target on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Piper Sandler lowered their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Mizuho reduced their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Finally, Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $157.28 on Thursday. The stock has a market cap of $169.71 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.34 and a beta of 1.21. The firm's 50-day simple moving average is $156.42 and its 200 day simple moving average is $152.53. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. 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 (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the firm posted $2.33 earnings per share. The business's revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's payout ratio is presently 34.33%.

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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