The Manufacturers Life Insurance Company Reduces Position in QUALCOMM Incorporated $QCOM

Key Points

• The Manufacturers Life Insurance Company has reduced its stake in QUALCOMM by 7.9%, selling 68,466 shares in the first quarter, bringing its total ownership to 799,803 shares valued at approximately $122.86 million.
• QUALCOMM's recent earnings report showed an EPS of $2.77, surpassing estimates, with a revenue of $10.37 billion, marking a 10.4% year-over-year increase.
• The company announced a quarterly dividend of $0.89 per share, set to be paid on September 25th, providing a 2.2% dividend yield based on current share prices.

The Manufacturers Life Insurance Company trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 799,803 shares of the wireless technology company's stock after selling 68,466 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of QUALCOMM worth $122,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Banque Transatlantique SA purchased a new stake in shares of QUALCOMM in the 4th quarter worth $26,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its stake in shares of QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 93 shares in the last quarter. WFA Asset Management Corp purchased a new stake in shares of QUALCOMM in the 1st quarter worth $27,000. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of QUALCOMM in the 4th quarter worth $29,000. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total value of $537,546.24. Following the completion of the transaction, the chief financial officer owned 46,446 shares in the company, valued at approximately $7,490,810.88. This trade represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 236 shares of QUALCOMM stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total value of $37,372.96. Following the completion of the transaction, the chief accounting officer owned 677 shares of the company's stock, valued at approximately $107,209.72. This represents a 25.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,626 shares of company stock worth $1,912,190. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of several analyst reports. Piper Sandler reduced 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. Mizuho reduced their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. UBS Group raised their price target on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Trading Down 0.0%

QCOM traded down $0.07 on Friday, hitting $160.73. The company had a trading volume of 9,948,344 shares, compared to its average volume of 7,011,037. The company has a market cap of $173.43 billion, a PE ratio of 15.50, a PEG ratio of 2.34 and a beta of 1.21. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The business's fifty day simple moving average is $156.18 and its 200 day simple moving average is $152.53.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. The company 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 firm's revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.2%. QUALCOMM's dividend payout ratio (DPR) is currently 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.