Tocqueville Asset Management L.P. Buys 13,633 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Tocqueville Asset Management L.P. increased its ownership in QUALCOMM by 2.3% during the first quarter, holding a total of 601,145 shares, which accounts for approximately 1.5% of its overall portfolio.
• QUALCOMM's latest quarterly report revealed an EPS of $2.77, surpassing estimates, and a revenue of $10.37 billion, showing a year-over-year increase of 10.4%.
• The company declared a quarterly dividend of $0.89 per share, payable on September 25th, with a current dividend yield of 2.3%.

Tocqueville Asset Management L.P. raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 601,145 shares of the wireless technology company's stock after buying an additional 13,633 shares during the period. QUALCOMM comprises 1.5% of Tocqueville Asset Management L.P.'s portfolio, making the stock its 11th largest holding. Tocqueville Asset Management L.P. owned 0.05% of QUALCOMM worth $92,342,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of QCOM. Banque Transatlantique SA purchased a new position in QUALCOMM in the 4th quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC boosted its holdings 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 valued at $26,000 after buying an additional 70 shares in the last quarter. WFA Asset Management Corp bought a new stake in shares of QUALCOMM in the 1st quarter valued at about $27,000. Sunbeam Capital Management LLC bought a new stake in shares of QUALCOMM in the 4th quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in QUALCOMM in the 4th quarter worth approximately $30,000. 74.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Evercore ISI dropped their price target on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Susquehanna lowered their target price on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a research note on Thursday, May 1st. 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. Finally, UBS Group boosted their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, QUALCOMM currently has an average rating of "Hold" and an average price target of $181.10.

Insiders Place Their Bets

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total transaction 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. The trade was a 6.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $6,600,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 424,099 shares of company stock worth $8,352,355. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Down 1.7%

NASDAQ:QCOM traded down $2.65 during mid-day trading on Tuesday, reaching $156.25. The company's stock had a trading volume of 6,128,881 shares, compared to its average volume of 8,405,784. The company's fifty day simple moving average is $155.80 and its two-hundred day simple moving average is $153.38. The stock has a market cap of $168.59 billion, a P/E ratio of 15.07, a P/E/G ratio of 2.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.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 business posted $2.33 EPS. The company's revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given 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 2.3%. QUALCOMM's payout ratio 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.