Trexquant Investment LP Lowers Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Trexquant Investment LP decreased its holdings in QUALCOMM Incorporated by 79.8%, selling 138,743 shares and now owning only 35,216 shares valued at $5.41 million.
• QUALCOMM reported earnings of $2.77 per share for the quarter, exceeding analysts' expectations, and also announced a dividend of $0.89 per share set to be paid on September 25th.
• Institutional ownership of QUALCOMM is strong, with hedge funds and other institutional investors holding approximately 74.35% of the company's stock.

Trexquant Investment LP trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 79.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,216 shares of the wireless technology company's stock after selling 138,743 shares during the quarter. Trexquant Investment LP's holdings in QUALCOMM were worth $5,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. WFA Asset Management Corp bought a new position in shares of QUALCOMM during the first quarter worth approximately $27,000. Banque Transatlantique SA bought a new position in shares of QUALCOMM in the fourth quarter worth $26,000. Atlantic Edge Private Wealth Management LLC raised its stake in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in QUALCOMM in the 4th quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. acquired a new position in QUALCOMM during the fourth quarter valued at approximately $30,000. Institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Down 1.2%

Shares of NASDAQ QCOM traded down $1.95 during mid-day trading on Tuesday, reaching $158.78. 7,516,210 shares of the company's stock traded hands, compared to its average volume of 8,350,262. 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 1-year low of $120.80 and a 1-year high of $182.10. The stock has a market cap of $171.32 billion, a P/E ratio of 15.31, a PEG ratio of 2.34 and a beta of 1.21. The business has a 50-day simple moving average of $156.33 and a 200 day simple moving average of $152.45.

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, topping analysts' consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

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 issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,293 shares of company stock worth $1,425,239. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Arete Research set a $200.00 target price on QUALCOMM in a research note on Tuesday, August 26th. Mizuho dropped their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Bank of America lowered their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Piper Sandler cut their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Finally, Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

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.