QUALCOMM Incorporated $QCOM Stake Trimmed by R.H. Dinel Investment Counsel Inc.

Key Points

• R.H. Dinel Investment Counsel Inc. reduced its stake in QUALCOMM by 11.7%, now holding 50,725 shares, valued at approximately $8.08 million, making it the company's 6th largest holding.
• QUALCOMM recently reported earnings of $2.77 per share for the last quarter, surpassing analysts' expectations and demonstrating a year-over-year revenue increase of 10.4%.
• The company has declared a quarterly dividend of $0.89, with a dividend yield of 2.1%, set to be paid on September 25th to stockholders of record.

R.H. Dinel Investment Counsel Inc. lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 11.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,725 shares of the wireless technology company's stock after selling 6,750 shares during the period. QUALCOMM comprises 5.4% of R.H. Dinel Investment Counsel Inc.'s investment portfolio, making the stock its 6th largest holding. R.H. Dinel Investment Counsel Inc.'s holdings in QUALCOMM were worth $8,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Brighton Jones LLC grew its position in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Forum Financial Management LP boosted its position in shares of QUALCOMM by 20.6% in the fourth quarter. Forum Financial Management LP now owns 7,417 shares of the wireless technology company's stock worth $1,139,000 after buying an additional 1,265 shares during the period. Vermillion Wealth Management Inc. purchased a new position in shares of QUALCOMM during the fourth quarter valued at $144,000. Finally, Putney Financial Group LLC acquired a new position in QUALCOMM during the fourth quarter valued at $329,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. 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 three months. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Down 0.8%

Shares of QCOM opened at $166.85 on Monday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company 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 debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The business's 50 day simple moving average is $157.04 and its 200-day simple moving average is $152.33.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the company earned $2.33 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on QCOM shares. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Mizuho decreased their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. JPMorgan Chase & Co. increased their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Arete Research set a $200.00 target price on shares of QUALCOMM in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, QUALCOMM presently has a consensus 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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