QUALCOMM Incorporated $QCOM Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC has reduced its stake in QUALCOMM by 16.2%, now holding 8,406 shares valued at approximately $1.29 million.
• QUALCOMM reported earnings of $2.77 per share for the last quarter, surpassing analysts' expectations of $2.71, with a year-over-year revenue increase of 10.4% to $10.37 billion.
• The company recently announced a quarterly dividend of $0.89, translating to an annualized dividend yield of 2.2%, with a payout ratio of 34.33%.

Teza Capital Management LLC lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 16.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,406 shares of the wireless technology company's stock after selling 1,623 shares during the period. Teza Capital Management LLC's holdings in QUALCOMM were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of QUALCOMM by 565.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock worth $19,098,000 after acquiring an additional 105,631 shares in the last quarter. PFG Advisors raised its position in shares of QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock worth $663,000 after acquiring an additional 321 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of QUALCOMM by 3.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock worth $28,979,000 after acquiring an additional 6,017 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of QUALCOMM by 12.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock worth $203,904,000 after acquiring an additional 145,509 shares in the last quarter. Finally, Manchester Capital Management LLC raised its position in shares of QUALCOMM by 0.5% during the 1st quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company's stock worth $3,713,000 after acquiring an additional 129 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Trading Up 0.1%

NASDAQ:QCOM opened at $159.84 on Friday. The stock's 50 day moving average price is $156.47 and its 200 day moving average price is $152.18. The company has a market capitalization of $172.47 billion, a PE ratio of 15.41, a P/E/G ratio of 2.32 and a beta of 1.21. 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 Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the business posted $2.33 EPS. The company'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. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently announced 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. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Mizuho cut their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Bank of America cut their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, June 17th. Arete Research set a $200.00 price target on QUALCOMM in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. raised their price target on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One equities research 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, QUALCOMM presently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Company 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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