QUALCOMM Incorporated $QCOM Stake Raised by Ridgewood Investments LLC

Key Points

• Ridgewood Investments LLC increased its stake in QUALCOMM by 10.9%, holding 15,618 shares valued at approximately $2.5 million, making it the firm's 15th largest investment.
• QUALCOMM's stock recently opened at $166.85, showing a 0.8% decline with a market cap of $180.03 billion and a P/E ratio of 16.09.
• The company reported earnings of $2.77 per share, exceeding expectations, and announced a quarterly dividend of $0.89 per share, representing an annual yield of 2.1%.

Ridgewood Investments LLC boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,618 shares of the wireless technology company's stock after acquiring an additional 1,535 shares during the quarter. QUALCOMM comprises about 1.1% of Ridgewood Investments LLC's investment portfolio, making the stock its 15th biggest holding. Ridgewood Investments LLC's holdings in QUALCOMM were worth $2,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QCOM. Kingstone Capital Partners Texas LLC raised its holdings in QUALCOMM by 656,661.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock worth $9,360,274,000 after buying an additional 58,764,593 shares during the period. Nuveen LLC acquired a new stake in QUALCOMM during the 1st quarter worth about $529,713,000. GAMMA Investing LLC raised its holdings in QUALCOMM by 20,700.4% during the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock worth $501,192,000 after buying an additional 3,247,068 shares during the period. Goldman Sachs Group Inc. raised its holdings in QUALCOMM by 24.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock worth $1,114,403,000 after buying an additional 1,407,797 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in QUALCOMM during the 4th quarter worth about $204,085,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Down 0.8%

Shares of QUALCOMM stock opened at $166.85 on Monday. The stock has a market capitalization of $180.03 billion, a P/E ratio of 16.09, a PEG ratio of 2.41 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. The stock has a 50 day moving average price of $157.04 and a two-hundred day moving average price of $152.33. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month 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 (EPS) for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given 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 dividend yield of 2.1%. QUALCOMM's dividend payout ratio is currently 34.33%.

Analysts Set New Price Targets

QCOM has been the topic of several recent analyst reports. Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. UBS Group boosted their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Arete Research set a $200.00 target price on QUALCOMM in a research note on Tuesday, August 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. Finally, Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

Insider Transactions at QUALCOMM

In related news, CAO Patricia Y. Grech sold 273 shares of the business's stock in a transaction dated 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 directly owned 404 shares in the company, valued at $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $234,240.00. Following the sale, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,899 shares of company stock valued at $1,992,121 in the last ninety days. 0.08% of the stock is owned by corporate insiders.

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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