QUALCOMM Incorporated $QCOM Shares Sold by Wolff Wiese Magana LLC

Key Points

• Wolff Wiese Magana LLC sold 2,007 shares of QUALCOMM, reducing its holdings by 12% during the second quarter, while still maintaining a portfolio worth $2,335,000 in the company.
• QUALCOMM beat earnings estimates with $2.77 EPS for the last quarter, reflecting a 10.4% revenue increase year over year, and forecasts 9.39 EPS for the current fiscal year.
• The company recently declared a quarterly dividend of $0.89 per share, with a current annualized dividend yield of 2.1% and a payout ratio of 34.33%.

Wolff Wiese Magana LLC trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 12.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,661 shares of the wireless technology company's stock after selling 2,007 shares during the quarter. QUALCOMM accounts for approximately 1.4% of Wolff Wiese Magana LLC's investment portfolio, making the stock its 21st biggest holding. Wolff Wiese Magana LLC's holdings in QUALCOMM were worth $2,335,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of QCOM. Capital Advantage Inc. raised its position in QUALCOMM by 2.8% during the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock valued at $375,000 after acquiring an additional 64 shares in the last quarter. Rise Advisors LLC grew its stake in shares of QUALCOMM by 6.7% during the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock worth $161,000 after purchasing an additional 66 shares during the period. Bell Investment Advisors Inc increased its holdings in shares of QUALCOMM by 4.6% during the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock valued at $231,000 after purchasing an additional 66 shares in the last quarter. Collaborative Wealth Managment Inc. lifted its stake in shares of QUALCOMM by 5.1% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after purchasing an additional 69 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its holdings in QUALCOMM by 0.3% during the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $169.20 on Monday. 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 stock's 50 day simple moving average is $158.67 and its 200-day simple moving average is $152.88. The company has a market cap of $182.57 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 2.45 and a beta of 1.21. 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 quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm's revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 273 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the transaction, the chief accounting officer owned 404 shares of the company's stock, valued at approximately $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction 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 sale, the chief financial officer 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. Over the last ninety days, insiders have sold 13,100 shares of company stock valued at $2,026,291. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target for the company in a report on Tuesday, August 26th. Piper Sandler lowered their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, UBS Group increased their target price on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average 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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