QUALCOMM Incorporated $QCOM Shares Sold by BDF Gestion

Key Points

• BDF Gestion reduced its stake in QUALCOMM by 9.8%, now holding 21,232 shares valued at approximately $3.38 million after selling 2,314 shares in the recent quarter.
• QUALCOMM reported $2.77 earnings per share for the last quarter, exceeding analyst expectations, while revenue increased by 10.4% year-over-year.
• The company disclosed a quarterly dividend of $0.89 per share, with a yield of 2.1% and a dividend payout ratio of 34.33%.

BDF Gestion reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,232 shares of the wireless technology company's stock after selling 2,314 shares during the quarter. BDF Gestion's holdings in QUALCOMM were worth $3,381,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. Rise Advisors LLC grew its holdings in QUALCOMM by 6.7% in the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock valued at $161,000 after buying an additional 66 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in QUALCOMM by 4.6% in the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock valued at $231,000 after buying an additional 66 shares in the last quarter. Collaborative Wealth Managment Inc. grew its holdings in QUALCOMM by 5.1% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after buying an additional 69 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in QUALCOMM by 0.3% in the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock valued at $3,879,000 after buying an additional 69 shares in the last quarter. Finally, Quadcap Wealth Management LLC grew its holdings in QUALCOMM by 0.6% in the 1st quarter. Quadcap Wealth Management LLC now owns 12,209 shares of the wireless technology company's stock valued at $1,875,000 after buying an additional 69 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price for the company in a report on Tuesday, August 26th. Mizuho dropped their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Bank of America lowered their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Arete Research set a $200.00 price target on QUALCOMM in a report on Tuesday, August 26th. Finally, Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Stock Down 0.8%

QCOM stock traded down $1.28 during trading on Friday, hitting $166.85. 19,434,943 shares of the company's stock were exchanged, compared to its average volume of 6,952,979. The business has a 50-day moving average price of $157.04 and a two-hundred day moving average price of $152.36. The stock has a market capitalization of $180.03 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.43 and a beta of 1.21. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion during 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%.The firm's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. QUALCOMM's payout ratio is currently 34.33%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the sale, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the sale, the chief accounting officer owned 404 shares of the company's stock, valued at approximately $65,213.68. This represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,899 shares of company stock worth $1,992,121 in the last three months. Corporate insiders own 0.08% of the company's stock.

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.