QUALCOMM Incorporated $QCOM Stock Position Lowered by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP reduced its stake in QUALCOMM by 71.7% during the first quarter, leaving it with 9,940 shares worth approximately $1.53 million.
• QUALCOMM's quarterly earnings exceeded expectations, with $2.77 earnings per share against an estimated $2.71, and revenue reached $10.37 billion, a 10.4% year-over-year increase.
• The company is set to pay a quarterly dividend of $0.89 per share on September 25th, reflecting an annualized rate of $3.56 and a yield of 2.3%.

Quantbot Technologies LP lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 71.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,940 shares of the wireless technology company's stock after selling 25,171 shares during the quarter. Quantbot Technologies LP's holdings in QUALCOMM were worth $1,527,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new position in shares of QUALCOMM in the 4th 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 buying an additional 70 shares during the last quarter. WFA Asset Management Corp bought a new position in shares of QUALCOMM in the first quarter valued at $27,000. Sunbeam Capital Management LLC bought a new position in shares of QUALCOMM in the fourth quarter valued at $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of QUALCOMM during the 4th quarter valued at $30,000. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Price Performance

QCOM opened at $158.01 on Friday. The stock has a fifty day moving average of $155.64 and a 200-day moving average of $153.20. The firm has a market capitalization of $170.49 billion, a P/E ratio of 15.24, a PEG ratio of 2.25 and a beta of 1.23. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Insider Buying and Selling

In related news, CAO Neil Martin sold 791 shares of the stock in a transaction on Thursday, August 21st. The stock was 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 directly owned 1,106 shares in the company, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $148.10, for a total value of $493,617.30. Following the sale, the chief financial officer owned 43,207 shares of the company's stock, valued at approximately $6,398,956.70. This represents a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,390 shares of company stock worth $1,874,817. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on QCOM shares. UBS Group raised their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Evercore ISI reduced their price objective on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, QUALCOMM has an average rating of "Hold" and a consensus target price of $181.10.

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.

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