Secure Asset Management LLC Trims Position in QUALCOMM Incorporated $QCOM

Key Points

• Secure Asset Management LLC reduced its holdings in QUALCOMM by 84.2%, owning 2,582 shares after selling 13,760 shares, valuing its stake at $411,000.
• Insider transactions included CAO Patricia Y. Grech selling 273 shares and another insider, Heather S. Ace, selling 1,600 shares, indicating a total insider sale of 12,899 shares worth approximately $1.99 million over the last three months.
• QUALCOMM has announced a quarterly dividend of $0.89, translating to an annualized yield of 2.1%, with a dividend payout ratio of 34.33%.

Secure Asset Management LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 84.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,582 shares of the wireless technology company's stock after selling 13,760 shares during the period. Secure Asset Management LLC's holdings in QUALCOMM were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of QUALCOMM by 0.6% during the first quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company's stock worth $17,568,141,000 after purchasing an additional 638,284 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in QUALCOMM by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company's stock valued at $1,600,976,000 after acquiring an additional 641,654 shares in the last quarter. Invesco Ltd. raised its holdings in shares of QUALCOMM by 2.2% in the first quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock valued at $1,512,458,000 after buying an additional 215,900 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of QUALCOMM by 5.3% in the first quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock valued at $1,441,847,000 after buying an additional 471,648 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock valued at $1,331,170,000 after buying an additional 875,412 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Buying and Selling

In other news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the sale, the chief accounting officer owned 404 shares in the company, valued at $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. Insiders have sold a total of 12,899 shares of company stock valued at $1,992,121 in the last 90 days. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on QCOM shares. Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Mizuho decreased their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Finally, UBS Group upped their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, QUALCOMM has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Trading Down 0.8%

NASDAQ QCOM traded down $1.28 during trading hours on Friday, reaching $166.85. The company's stock had a trading volume of 19,434,943 shares, compared to its average volume of 6,952,979. The firm has a fifty day simple moving average of $157.04 and a 200-day simple moving average of $152.36. The stock 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. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. 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 issued its quarterly earnings data 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 business had revenue of $10.37 billion during 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 firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities 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 paid a dividend of $0.89 per share. 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 (DPR) is 34.33%.

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.