QUALCOMM Incorporated $QCOM Stock Position Reduced by Candriam S.C.A.

Key Points

• Candriam S.C.A. reduced its stake in QUALCOMM by 28.8%, holding 424,600 shares after selling 172,102 shares in the first quarter, valued at approximately $65.22 million.
• QUALCOMM reported $2.77 earnings per share for the last quarter, exceeding expectations, and generated $10.37 billion in revenue, representing a 10.4% year-over-year increase.
• The company announced a quarterly dividend of $0.89 per share, with an annual yield of 2.3%, to be paid on September 25th.

Candriam S.C.A. cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 28.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 424,600 shares of the wireless technology company's stock after selling 172,102 shares during the period. Candriam S.C.A.'s holdings in QUALCOMM were worth $65,223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in 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 QUALCOMM in the fourth quarter worth approximately $30,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Down 1.7%

Shares of QCOM stock opened at $156.25 on Wednesday. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The stock has a market cap of $168.59 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 2.32 and a beta of 1.23. 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 fifty day moving average of $155.74 and a 200-day moving average of $153.40.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The firm'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. On average, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

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

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $148.10, for a total transaction of $493,617.30. Following the transaction, the chief financial officer owned 43,207 shares in the company, valued at approximately $6,398,956.70. The trade was a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 424,099 shares of company stock worth $8,352,355. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on QCOM. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. Susquehanna decreased 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. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Seaport Res Ptn raised shares of QUALCOMM to a "hold" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. boosted their price objective 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. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $181.10.

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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