Stanley Laman Group Ltd. lessened its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 92.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,776 shares of the wireless technology company's stock after selling 20,519 shares during the period. Stanley Laman Group Ltd.'s holdings in QUALCOMM were worth $283,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Foster & Motley Inc. lifted its holdings in QUALCOMM by 40.7% during the second quarter. Foster & Motley Inc. now owns 41,417 shares of the wireless technology company's stock valued at $6,596,000 after purchasing an additional 11,980 shares during the last quarter. Huntleigh Advisors Inc. bought a new stake in shares of QUALCOMM in the second quarter valued at approximately $1,012,000. Carmel Capital Partners LLC lifted its stake in shares of QUALCOMM by 70.6% during the 2nd quarter. Carmel Capital Partners LLC now owns 28,159 shares of the wireless technology company's stock valued at $4,485,000 after buying an additional 11,653 shares in the last quarter. Arista Wealth Management LLC bought a new position in QUALCOMM in the 2nd quarter worth approximately $398,000. Finally, Stratos Wealth Partners LTD. grew its stake in QUALCOMM by 0.9% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 118,995 shares of the wireless technology company's stock valued at $18,951,000 after buying an additional 1,074 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.
Analysts Set New Price Targets
QCOM has been the topic of several recent research reports. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. UBS Group upped their price target on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One equities research 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 given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $182.82.
Read Our Latest Analysis on QCOM
Insiders Place Their Bets
In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the sale, the chief executive officer directly owned 149,304 shares of the company's stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock valued at $26,322,745 over the last quarter. Insiders own 0.08% of the company's stock.
QUALCOMM Stock Performance
Shares of QCOM opened at $163.45 on Friday. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $176.36 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The stock has a 50-day moving average price of $162.00 and a 200-day moving average price of $153.74.
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. 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 the consensus estimate of $10.33 billion. During the same period last year, the firm posted $2.33 earnings per share. QUALCOMM's quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.
QUALCOMM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.2%. QUALCOMM's payout ratio is 34.33%.
About QUALCOMM
(
Free Report)
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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