Union Bancaire Privee UBP SA Raises Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Union Bancaire Privee UBP SA increased its stock holdings in QUALCOMM by 9.2%, acquiring a total of 75,207 shares worth approximately $11.98 million.
• Hedge funds have been actively trading QUALCOMM, with Kingstone Capital Partners Texas LLC boosting its stake by a staggering 656,661.0%, now holding 58.77 million shares valued at around $9.36 billion.
• QUALCOMM recently announced a quarterly dividend of $0.89 per share, which translates to an annualized dividend yield of 2.2% and a dividend payout ratio of 34.33%.

Union Bancaire Privee UBP SA increased its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 9.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,207 shares of the wireless technology company's stock after buying an additional 6,329 shares during the quarter. Union Bancaire Privee UBP SA's holdings in QUALCOMM were worth $11,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in QCOM. Kingstone Capital Partners Texas LLC increased its position in QUALCOMM by 656,661.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. Nuveen LLC purchased a new position in QUALCOMM during the 1st quarter valued at $529,713,000. Goldman Sachs Group Inc. grew its position in shares of QUALCOMM by 24.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock worth $1,114,403,000 after buying an additional 1,407,797 shares during the period. Assenagon Asset Management S.A. boosted its stake in QUALCOMM by 222.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company's stock worth $212,800,000 after purchasing an additional 956,311 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in QUALCOMM by 11.2% in the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock worth $1,331,170,000 after purchasing an additional 875,412 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Down 2.3%

QUALCOMM stock opened at $165.30 on Tuesday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The stock's 50 day simple moving average is $158.79 and its two-hundred day simple moving average is $152.94. The firm has a market cap of $178.36 billion, a PE ratio of 15.94, a P/E/G ratio of 2.45 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm posted $2.33 EPS. The business's quarterly 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. Analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were given a dividend of $0.89 per share. The ex-dividend date was Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on QCOM. UBS Group upped their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a report on Tuesday, August 26th. Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Bank of America cut their target price 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. Finally, 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. 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $182.82.

Insiders Place Their Bets

In other news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following 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 filing with the SEC, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,100 shares of company stock worth $2,026,291. Corporate insiders own 0.08% of the company's stock.

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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