TCI Wealth Advisors Inc. Reduces Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• TCI Wealth Advisors Inc. reduced its stake in QUALCOMM by 33.3%, now holding 3,848 shares worth approximately $613,000.
• Various hedge funds have increased their investments in QUALCOMM, with OVERSEA CHINESE BANKING Corp increasing their stake by a substantial 565.0% during the first quarter.
• QUALCOMM's latest earnings report showed an EPS of $2.77, beating expectations, and the company announced a quarterly dividend of $0.89 per share.

TCI Wealth Advisors Inc. reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 33.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,848 shares of the wireless technology company's stock after selling 1,925 shares during the quarter. TCI Wealth Advisors Inc.'s holdings in QUALCOMM were worth $613,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd grew its stake in QUALCOMM by 565.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock valued at $19,098,000 after purchasing an additional 105,631 shares in the last quarter. PFG Advisors grew its stake in QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock valued at $663,000 after purchasing an additional 321 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in 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 stake in QUALCOMM by 12.3% during 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 in the last quarter. Finally, Manchester Capital Management LLC grew its stake in QUALCOMM by 0.5% during 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 in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Piper Sandler lowered their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Rosenblatt Securities restated a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. UBS Group raised their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Citigroup restated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. One 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 company. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Price Performance

Shares of QCOM opened at $169.68 on Friday. The firm has a market cap of $183.08 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.51 and a beta of 1.21. The stock has a 50 day moving average of $158.38 and a 200-day moving average of $152.76. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released 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 return on equity of 40.35% and a net margin of 26.77%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM's dividend payout ratio is presently 34.33%.

Insider Buying and Selling

In related news, CAO Neil Martin sold 791 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of company stock valued at $2,026,291 in the last 90 days. Corporate 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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