UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 641,654 Shares of QUALCOMM Incorporated $QCOM

Key Points

• UBS Asset Management increased its holdings in QUALCOMM by 6.6% during the first quarter, now owning 10,422,341 shares valued at approximately $1.6 billion.
• QUALCOMM's quarterly earnings reported $2.77 per share, exceeding analysts' estimates, with a revenue of $10.37 billion, up 10.4% year-over-year.
• The company announced a quarterly dividend of $0.89 per share, set to be paid on September 25th, resulting in an annualized payment of $3.56 with a dividend yield of 2.2%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,422,341 shares of the wireless technology company's stock after buying an additional 641,654 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.95% of QUALCOMM worth $1,600,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 buying an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC raised its stake in QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after buying an additional 93 shares during the period. WFA Asset Management Corp bought a new stake in QUALCOMM in the first quarter valued at approximately $27,000. Sunbeam Capital Management LLC bought a new stake in QUALCOMM in the fourth quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. bought a new stake in QUALCOMM in the fourth quarter valued at approximately $30,000. Institutional investors own 74.35% of the company's stock.

QUALCOMM Price Performance

QUALCOMM stock opened at $160.24 on Tuesday. The stock's fifty day moving average price is $156.49 and its two-hundred day moving average price is $152.00. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The firm has a market cap of $172.90 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating 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 last year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer owned 39,874 shares of the company's stock, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 791 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $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 90 days, insiders sold 12,626 shares of company stock worth $1,948,054. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on QCOM shares. Mizuho lowered their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Bank of America lowered their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Piper Sandler lowered their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

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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