QUALCOMM Incorporated $QCOM Shares Sold by UG Investment Advisers Ltd.

Key Points

• UG Investment Advisers Ltd. reduced its stake in QUALCOMM by 6.8% during the second quarter, now holding 579,387 shares valued at approximately $92.27 million.
• QUALCOMM recently reported a quarterly earnings per share (EPS) of $2.77, exceeding analyst expectations of $2.71, with revenues totaling $10.37 billion.
• Analysts have given QUALCOMM a consensus rating of "Moderate Buy" with an average target price of $182.82, while also noting various upgrades and downgrades from leading financial institutions.

UG Investment Advisers Ltd. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 579,387 shares of the wireless technology company's stock after selling 42,099 shares during the period. QUALCOMM comprises about 17.6% of UG Investment Advisers Ltd.'s investment portfolio, making the stock its 3rd biggest holding. UG Investment Advisers Ltd. owned 0.05% of QUALCOMM worth $92,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of 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 valued at $26,000 after purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in shares of 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 valued at $26,000 after purchasing an additional 93 shares in the last quarter. WFA Asset Management Corp bought a new position in shares of QUALCOMM during the 1st quarter valued at $27,000. Atticus Wealth Management LLC raised its holdings in shares of QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock valued at $34,000 after purchasing an additional 212 shares in the last quarter. Finally, Abound Financial LLC bought a new position in QUALCOMM in the 1st quarter worth $39,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on QCOM shares. JPMorgan Chase & Co. lifted their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. UBS Group lifted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Mizuho dropped their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. 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 given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $182.82.

Insider Buying and Selling at QUALCOMM

In related 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 sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated 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 approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,767 shares of company stock worth $1,488,745. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $166.49 on Thursday. 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 $179.64 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 2.41 and a beta of 1.23. The company's fifty day moving average is $159.09 and its two-hundred day moving average is $153.12. 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 posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping 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%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were paid a $0.89 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. QUALCOMM's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.