Trust Point Inc. Increases Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Trust Point Inc. increased its stake in QUALCOMM by 30.6%, owning a total of 7,118 shares worth approximately $1.13 million by the end of the second quarter.
• A significant majority, about 74.35% of QUALCOMM's stock is held by hedge funds and institutional investors, indicating strong institutional interest in the company.
• QUALCOMM announced a quarterly dividend of $0.89 per share, reflecting a dividend yield of 2.1%, with an upcoming payment date set for September 25th.

Trust Point Inc. grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 30.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,118 shares of the wireless technology company's stock after buying an additional 1,666 shares during the period. Trust Point Inc.'s holdings in QUALCOMM were worth $1,134,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of QCOM. Brighton Jones LLC boosted its holdings in shares of QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after buying an additional 340 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of QUALCOMM by 2.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock worth $509,000 after buying an additional 69 shares in the last quarter. Woodline Partners LP bought a new position in shares of QUALCOMM in the 4th quarter worth $7,234,000. Finally, Continuum Advisory LLC lifted its holdings in shares of QUALCOMM by 3.2% in the 4th quarter. Continuum Advisory LLC now owns 3,448 shares of the wireless technology company's stock worth $530,000 after purchasing an additional 106 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on QCOM. Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. UBS Group increased their target price on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. increased their price target on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Down 0.8%

NASDAQ QCOM traded down $1.28 on Friday, reaching $166.85. The company had a trading volume of 19,434,943 shares, compared to its average volume of 6,952,979. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The stock has a market capitalization of $180.03 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.45 and a beta of 1.21. The company's fifty day moving average is $157.04 and its 200 day moving average is $152.40. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

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 (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 firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the firm posted $2.33 EPS. The business's revenue was up 10.4% compared to the same quarter last year. 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 fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Insiders Place Their Bets

In other news, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the completion of the transaction, the chief accounting officer owned 404 shares in the company, valued at approximately $65,213.68. This represents a 40.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the 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 $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,899 shares of company stock valued at $1,992,121. 0.08% of the stock is owned by company insiders.

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.