QUALCOMM Incorporated $QCOM Stock Position Decreased by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA reduced its stake in QUALCOMM by 10.5%, owning 27,431 shares valued at approximately $4.37 million.
• In contrast, Kingstone Capital Partners Texas LLC drastically increased its position by 656,661%, now holding about 58.77 million shares worth around $9.36 billion.
• QUALCOMM recently paid a quarterly dividend of $0.89 per share, resulting in an annual yield of 2.1% and a payout ratio of 34.33%.

Banque Pictet & Cie SA lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 10.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,431 shares of the wireless technology company's stock after selling 3,206 shares during the period. Banque Pictet & Cie SA's holdings in QUALCOMM were worth $4,369,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Kingstone Capital Partners Texas LLC boosted its stake 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 valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. Nuveen LLC acquired a new position in QUALCOMM during the 1st quarter valued at about $529,713,000. GAMMA Investing LLC boosted its stake 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 valued at $501,192,000 after purchasing an additional 3,247,068 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 valued at $1,114,403,000 after purchasing an additional 1,407,797 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in QUALCOMM by 222.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company's stock valued at $212,800,000 after purchasing an additional 956,311 shares during the period. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In related news, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares of the company's stock, valued at $34,510. This represents a 49.75% 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 the business's 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 sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,100 shares of company stock valued at $2,026,291 in the last ninety days. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Down 0.3%

QCOM stock opened at $169.20 on Friday. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The firm has a market cap of $182.57 billion, a PE ratio of 16.32, a P/E/G ratio of 2.46 and a beta of 1.21. The firm has a 50 day simple moving average of $158.67 and a 200 day simple moving average of $152.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results 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. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the business earned $2.33 earnings per share. The business's quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. UBS Group upped their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Bank of America reduced their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus 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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