Rafferty Asset Management LLC Has $426.63 Million Stake in QUALCOMM Incorporated $QCOM

Key Points

• Rafferty Asset Management LLC has reduced its stake in QUALCOMM Incorporated by 14% in Q1, now owning approximately $426.63 million worth of shares, making up 1.8% of its portfolio.
• Several analysts have revised their price targets on QUALCOMM, with a consensus rating of "Hold" and an average price target of $181.10.
• QUALCOMM recently declared a quarterly dividend of $0.89, reflecting an annualized yield of 2.3% and a dividend payout ratio of 34.33%.

Rafferty Asset Management LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 14.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,777,338 shares of the wireless technology company's stock after selling 452,325 shares during the period. QUALCOMM comprises 1.8% of Rafferty Asset Management LLC's portfolio, making the stock its 11th largest holding. Rafferty Asset Management LLC owned about 0.25% of QUALCOMM worth $426,627,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. WFA Asset Management Corp bought a new stake in shares of QUALCOMM in the 1st quarter valued at approximately $27,000. Banque Transatlantique SA bought a new stake in QUALCOMM during the fourth quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC boosted its position in shares of 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 valued at $26,000 after acquiring an additional 70 shares during the period. Sunbeam Capital Management LLC bought a new stake in shares of QUALCOMM in the fourth quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of QUALCOMM in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. 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 report on Friday, May 2nd. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Susquehanna cut their target price on QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. Benchmark cut their target price on QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Seaport Res Ptn upgraded QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, QUALCOMM currently has a consensus rating of "Hold" and an average price target of $181.10.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM opened at $156.42 on Tuesday. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The firm has a market cap of $168.78 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 2.30 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 business has a fifty day moving average of $155.63 and a 200-day moving average of $152.85.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share 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 firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 2.3%. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total transaction of $537,546.24. Following the transaction, the chief financial officer owned 46,446 shares in the company, valued at approximately $7,490,810.88. This trade represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Neil Martin sold 791 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. This represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,390 shares of company stock worth $1,874,817 over the last 90 days. Insiders own 0.08% of the company's stock.

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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