Sowell Financial Services LLC Cuts Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Sowell Financial Services LLC reduced its stake in QUALCOMM by 7.4%, owning 34,605 shares worth approximately $5.5 million after selling 2,758 shares in the 2nd quarter.
• QUALCOMM reported earnings per share (EPS) of $2.77 for the last quarter, surpassing analysts' expectations of $2.71, with revenues up 10.4% year-over-year.
• The company declared a quarterly dividend of $0.89 per share, which translates to an annual yield of 2.1%, with a payout ratio of 34.33%.

Sowell Financial Services LLC lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,605 shares of the wireless technology company's stock after selling 2,758 shares during the quarter. Sowell Financial Services LLC's holdings in QUALCOMM were worth $5,511,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QCOM. Kingstone Capital Partners Texas LLC increased its holdings in QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock worth $9,360,274,000 after acquiring an additional 58,764,593 shares in the last quarter. Nuveen LLC purchased a new stake in QUALCOMM in the 1st quarter worth $529,713,000. GAMMA Investing LLC increased its holdings in QUALCOMM by 20,700.4% in the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock worth $501,192,000 after acquiring an additional 3,247,068 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in QUALCOMM by 24.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock worth $1,114,403,000 after acquiring an additional 1,407,797 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in QUALCOMM in the 4th quarter worth $204,085,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Trading Down 0.8%

NASDAQ QCOM opened at $166.85 on Friday. The firm's 50-day moving average is $157.04 and its two-hundred day moving average is $152.36. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month 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. The stock has a market capitalization of $180.03 billion, a P/E ratio of 16.09, a PEG ratio of 2.43 and a beta of 1.21.

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

QUALCOMM Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.1%. QUALCOMM's dividend payout ratio is 34.33%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price 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. Bank of America lowered their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Arete Research set a $200.00 target price on shares of QUALCOMM in a research note on Tuesday, August 26th. Piper Sandler lowered their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $182.82.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The sale 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 dated Thursday, August 21st. The stock was 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 trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,899 shares of company stock valued at $1,992,121 over the last three months. 0.08% of the stock is currently owned by company insiders.

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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