QUALCOMM Incorporated $QCOM Shares Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp has reduced its holdings in Qualcomm by 5.9%, now owning 386,370 shares valued at approximately $61.5 million.
• Qualcomm recently announced a quarterly dividend of $0.89 per share, with an annualized amount of $3.56 and a yield of 2.1%, to be paid on September 25th.
• The company's stock has a current market cap of $182.92 billion and achieved a quarterly EPS of $2.77, surpassing analysts' expectations.

Fifth Third Bancorp lessened its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 386,370 shares of the wireless technology company's stock after selling 24,079 shares during the period. Fifth Third Bancorp's holdings in QUALCOMM were worth $61,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 holdings in QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 93 shares in the last quarter. WFA Asset Management Corp acquired a new position in QUALCOMM during the 1st quarter worth approximately $27,000. Mascagni Wealth Management Inc. acquired a new position in QUALCOMM during the 4th quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC acquired a new position in QUALCOMM during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Down 0.1%

Shares of QUALCOMM stock opened at $169.53 on Wednesday. The company has a market cap of $182.92 billion, a P/E ratio of 16.35, a PEG ratio of 2.46 and a beta of 1.21. 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 one year low of $120.80 and a one year high of $182.10. The firm has a fifty day moving average of $157.65 and a two-hundred day moving average of $152.51.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Bank of America lowered their target price 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. 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 report on Thursday, July 31st. Finally, Mizuho lowered their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $182.82.

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Friday, August 1st. The shares were 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. This trade represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 791 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. This represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,100 shares of company stock worth $2,026,291. 0.08% of the stock is owned by company insiders.

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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