Vision Capital Management Inc. Grows Stake in QUALCOMM Incorporated $QCOM

Key Points

• Vision Capital Management Inc. increased its stake in QUALCOMM by 5.4%, owning a total of 47,967 shares valued at approximately $7.64 million.
• QUALCOMM recently reported $2.77 EPS for the quarter, exceeding estimates, with a net margin of 26.77% and revenue of $10.37 billion, reflecting a 10.4% year-over-year increase.
• The company declared a quarterly dividend of $0.89 per share, equating to an annualized yield of 2.1% and a payout ratio of 34.33%.

Vision Capital Management Inc. increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,967 shares of the wireless technology company's stock after purchasing an additional 2,453 shares during the period. QUALCOMM accounts for 1.0% of Vision Capital Management Inc.'s holdings, making the stock its 26th biggest holding. Vision Capital Management Inc.'s holdings in QUALCOMM were worth $7,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital Advantage Inc. lifted its stake in QUALCOMM by 2.8% in the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock worth $375,000 after purchasing an additional 64 shares in the last quarter. Rise Advisors LLC increased its holdings in shares of QUALCOMM by 6.7% in the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock worth $161,000 after purchasing an additional 66 shares during the last quarter. Bell Investment Advisors Inc lifted its position in shares of QUALCOMM by 4.6% in the first quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock worth $231,000 after buying an additional 66 shares in the last quarter. Collaborative Wealth Managment Inc. boosted its stake in QUALCOMM by 5.1% during the first quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after buying an additional 69 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its stake in QUALCOMM by 0.3% during the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock valued at $3,879,000 after buying an additional 69 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Trading Down 2.2%

Shares of QCOM opened at $169.68 on Friday. The company's fifty day simple moving average is $158.38 and its 200-day simple moving average is $152.76. The company has a market cap of $183.08 billion, a P/E ratio of 16.36, a P/E/G ratio of 2.51 and a beta of 1.21. 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 twelve month low of $120.80 and a twelve month high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly 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 net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the firm posted $2.33 EPS. The firm'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. As a group, analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the stock an "outperform" rating in a research note on Monday, July 28th. Rosenblatt Securities restated a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. Finally, Mizuho lowered their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. One investment 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $182.82.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. This represents a 41.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the sale, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of company stock worth $2,026,291 in the last 90 days. 0.08% of the stock is owned by insiders.

QUALCOMM 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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.