Stephens Inc. AR Sells 12,924 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Stephens Inc. AR reduced its stake in QUALCOMM by 7.8% in the second quarter by selling 12,924 shares, bringing their total holdings to 152,131 shares worth approximately $24.23 million.
• QUALCOMM's latest earnings report showed an EPS of $2.77, surpassing analyst expectations, and the company's revenue rose 10.4% year-over-year to $10.37 billion.
• The company has a quarterly dividend of $0.89 per share set to be paid on December 18th, representing an annualized dividend yield of 2.2%.

Stephens Inc. AR lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 152,131 shares of the wireless technology company's stock after selling 12,924 shares during the quarter. Stephens Inc. AR's holdings in QUALCOMM were worth $24,228,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in QUALCOMM by 565.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock worth $19,098,000 after acquiring an additional 105,631 shares in the last quarter. PFG Advisors raised its position in shares of QUALCOMM by 8.0% during the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock worth $663,000 after purchasing an additional 321 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of QUALCOMM by 3.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock valued at $28,979,000 after purchasing an additional 6,017 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of QUALCOMM by 12.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock valued at $203,904,000 after purchasing an additional 145,509 shares during the period. Finally, Manchester Capital Management LLC grew its position in shares of QUALCOMM by 0.5% in the 1st quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company's stock valued at $3,713,000 after purchasing an additional 129 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Down 0.4%

QUALCOMM stock opened at $163.45 on Monday. 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 company's 50-day moving average is $162.00 and its 200-day moving average is $153.84. The firm has a market capitalization of $176.36 billion, a PE ratio of 15.76, a P/E/G ratio of 2.38 and a beta of 1.23. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. 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 announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. QUALCOMM's payout ratio is presently 34.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on QCOM. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday, October 8th. UBS Group increased their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Finally, Arete Research set a $200.00 target price on QUALCOMM in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

Insiders Place Their Bets

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares of the company's stock, valued at $24,718,770.24. This trade represents a 50.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock worth $26,322,745 in the last quarter. Company insiders own 0.08% of the company's stock.

About QUALCOMM

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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