USS Investment Management Ltd Sells 43,117 Shares of QUALCOMM Incorporated $QCOM

Key Points

• USS Investment Management Ltd reduced its stake in QUALCOMM by 18.8%, selling 43,117 shares during the 1st quarter, leaving them with 185,807 shares valued at approximately $28.54 million.
• Several large investors increased their positions, notably Nuveen LLC acquiring a new stake worth $529.7 million, and GAMMA Investing LLC boosting its holdings by over 20,700%.
• QUALCOMM announced a quarterly dividend of $0.89 per share, scheduled to be paid on September 25th, yielding about 2.2% annually, with a payout ratio of 34.33%.

USS Investment Management Ltd reduced its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 18.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 185,807 shares of the wireless technology company's stock after selling 43,117 shares during the quarter. USS Investment Management Ltd's holdings in QUALCOMM were worth $28,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 93 shares during the period. WFA Asset Management Corp bought a new position in QUALCOMM in the first quarter valued at about $27,000. Sunbeam Capital Management LLC bought a new position in QUALCOMM in the fourth quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in QUALCOMM in the fourth quarter valued at about $30,000. 74.35% of the stock is owned by institutional investors.

Insider Transactions at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was 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 directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the 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 transaction, the chief financial officer directly owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock valued at $1,948,054 in the last ninety days. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on QCOM shares. Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Mizuho lowered their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. UBS Group upped their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, Piper Sandler reduced their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" 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 issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Stock Performance

QCOM traded down $1.58 during midday trading on Tuesday, reaching $158.66. The company had a trading volume of 6,118,504 shares, compared to its average volume of 8,312,030. 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 1 year low of $120.80 and a 1 year high of $182.10. The business has a 50-day moving average of $156.49 and a two-hundred day moving average of $152.00. The company has a market cap of $171.19 billion, a P/E ratio of 15.30, a P/E/G ratio of 2.32 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter last year, the business posted $2.33 earnings per share. The firm'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. As a group, equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. QUALCOMM's dividend payout ratio is presently 34.33%.

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.