SeaCrest Wealth Management LLC Sells 2,432 Shares of QUALCOMM Incorporated $QCOM

Key Points

• SeaCrest Wealth Management LLC reduced its stake in QUALCOMM by 14.8% in the second quarter, leaving it with 13,985 shares valued at $2.23 million.
• QUALCOMM's quarterly earnings report showed an EPS of $2.77, exceeding expectations, with revenue increasing by 10.4% compared to the previous year.
• The company announced a quarterly dividend of $0.89 per share, representing a 2.1% yield and a payout ratio of 34.33%.

SeaCrest Wealth Management LLC lessened its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 14.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,985 shares of the wireless technology company's stock after selling 2,432 shares during the period. SeaCrest Wealth Management LLC's holdings in QUALCOMM were worth $2,227,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC raised its position 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 worth $26,000 after purchasing an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC increased its position in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 93 shares in the last quarter. WFA Asset Management Corp bought a new position in QUALCOMM during the 1st quarter worth about $27,000. Sunbeam Capital Management LLC acquired a new stake in shares of QUALCOMM in the 4th quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of QUALCOMM in the fourth quarter valued at about $30,000. 74.35% of the stock is owned by institutional investors.

QUALCOMM Trading Down 0.8%

Shares of QCOM stock traded down $1.28 on Friday, hitting $166.85. The company had a trading volume of 19,434,943 shares, compared to its average volume of 6,952,979. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. 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 firm has a market cap of $180.03 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.43 and a beta of 1.21. The stock's 50-day moving average is $157.04 and its two-hundred day moving average is $152.36.

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 analysts' consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders 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 annualized dividend and a yield of 2.1%. QUALCOMM's dividend payout ratio is presently 34.33%.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on 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 directly owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the chief accounting officer directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,899 shares of company stock worth $1,992,121. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Bank of America cut their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Arete Research set a $200.00 price target on QUALCOMM in a research note on Tuesday, August 26th. Finally, Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.