QUALCOMM Incorporated $QCOM Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC reduced its stake in QUALCOMM by 2.1% during Q1, holding 333,073 shares worth approximately $51.16 million after selling 7,278 shares.
• QUALCOMM recently posted earnings of $2.77 per share, surpassing analyst expectations, with a revenue of $10.37 billion, marking a 10.4% increase year-over-year.
• The company declared a quarterly dividend of $0.89, which will be paid on September 25th, representing a 2.3% dividend yield.

MetLife Investment Management LLC decreased its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,073 shares of the wireless technology company's stock after selling 7,278 shares during the quarter. MetLife Investment Management LLC's holdings in QUALCOMM were worth $51,163,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM in the first quarter valued at about $27,000. Banque Transatlantique SA acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC grew its position in shares of QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares during the period. Sunbeam Capital Management LLC acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on QCOM. Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a research report on Friday, May 9th. Piper Sandler lowered their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Cantor Fitzgerald restated a "neutral" rating and set a $150.00 price target on shares of QUALCOMM in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Mizuho lowered 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. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, QUALCOMM has a consensus rating of "Hold" and an average price target of $181.10.

Insider Activity

In other news, CAO Neil Martin sold 791 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,390 shares of company stock valued at $1,874,817. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $158.01 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The firm has a market capitalization of $170.49 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 2.30 and a beta of 1.23. The company's 50-day moving average is $155.64 and its two-hundred day moving average is $153.04. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10.

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, beating the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts forecast that QUALCOMM Incorporated will post 9.39 EPS 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 paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's payout ratio is 34.33%.

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.

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