QUALCOMM Incorporated $QCOM Shares Sold by First Long Island Investors LLC

Key Points

• First Long Island Investors LLC reduced their stake in QUALCOMM by 1.9%, holding 186,551 shares valued at approximately $28.66 million, making it their 14th largest investment.
• Insider activity shows a significant decrease in ownership as CAO Neil Martin and CFO Akash J. Palkhiwala sold 791 and 3,333 shares respectively, reflecting a decline of 41.70% and 7.71% in their holdings.
• QUALCOMM announced a quarterly dividend of $0.89, with an annualized yield of 2.2%, and reports a projected EPS of 9.39 for the current fiscal year.

First Long Island Investors LLC reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,551 shares of the wireless technology company's stock after selling 3,693 shares during the period. QUALCOMM makes up approximately 2.4% of First Long Island Investors LLC's investment portfolio, making the stock its 14th biggest holding. First Long Island Investors LLC's holdings in QUALCOMM were worth $28,656,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM during the first quarter worth $27,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after buying an additional 70 shares during the period. Sunbeam Capital Management LLC acquired a new stake in shares of QUALCOMM during the fourth quarter worth $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of QUALCOMM during the fourth quarter worth $30,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,626 shares of company stock worth $1,948,054. 0.08% of the stock is currently owned by insiders.

QUALCOMM Trading Up 1.6%

Shares of QUALCOMM stock opened at $161.51 on Friday. The firm has a 50-day simple moving average of $156.40 and a two-hundred day simple moving average of $152.09. The company has a market cap of $174.27 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. 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 (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data 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 business 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%. The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

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 given a $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. QUALCOMM's dividend payout ratio is 34.33%.

Analyst Ratings Changes

Several equities research analysts have recently commented on QCOM shares. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a research note on Tuesday, August 26th. 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 report on Monday, July 21st. JPMorgan Chase & Co. boosted their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, Mizuho decreased their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average price target of $182.82.

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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