QUALCOMM Incorporated $QCOM Stock Holdings Lifted by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its stake in QUALCOMM by 37.7% during the first quarter, now owning 13,717 shares valued at approximately $2.1 million.
• Various large investors have also recently adjusted their holdings in QUALCOMM, with 74.35% of the stock owned by institutional investors and hedge funds.
• QUALCOMM announced a quarterly dividend of $0.89 per share, with an annualized yield of 2.3%, set to be paid on September 25th.

AlphaQuest LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 37.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,717 shares of the wireless technology company's stock after buying an additional 3,756 shares during the period. AlphaQuest LLC's holdings in QUALCOMM were worth $2,107,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in QCOM. Banque Transatlantique SA purchased a new stake in shares of QUALCOMM in the fourth quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC grew its position in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 70 shares in the last quarter. WFA Asset Management Corp bought a new stake in QUALCOMM in the first quarter worth approximately $27,000. Sunbeam Capital Management LLC bought a new stake in QUALCOMM in the fourth quarter worth approximately $29,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of QUALCOMM during the 4th quarter worth $30,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

QCOM has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Loop Capital dropped their price objective on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Mizuho dropped their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Susquehanna dropped their target price on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. Finally, Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $181.10.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $148.10, for a total value of $493,617.30. Following the sale, the chief financial officer directly owned 43,207 shares in the company, valued at $6,398,956.70. This trade represents a 7.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,390 shares of company stock worth $1,874,817 over the last ninety days. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $154.13 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company has a market capitalization of $166.31 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23. The company's 50 day moving average price is $155.57 and its two-hundred day moving average price is $153.30. 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 announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate 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 company posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.3%. QUALCOMM's dividend payout ratio (DPR) is 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.

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