Wealth Management Associates Inc. Reduces Position in QUALCOMM Incorporated $QCOM

Key Points

• Wealth Management Associates Inc. reduced its stake in QUALCOMM by 39.9%, now holding 3,262 shares worth $501,000.
• QUALCOMM reported $2.77 earnings per share for the last quarter, exceeding analyst expectations of $2.71, with a revenue of $10.37 billion.
• The company has announced a quarterly dividend of $0.89, representing an annualized yield of 2.2%, with an ex-dividend date set for September 4th.

Wealth Management Associates Inc. lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 39.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,262 shares of the wireless technology company's stock after selling 2,162 shares during the period. Wealth Management Associates Inc.'s holdings in QUALCOMM were worth $501,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Jacobi Capital Management LLC grew its position in QUALCOMM by 3.4% during the 1st quarter. Jacobi Capital Management LLC now owns 19,029 shares of the wireless technology company's stock worth $2,923,000 after purchasing an additional 618 shares during the last quarter. Advisors Capital Management LLC grew its position in QUALCOMM by 0.8% during the 1st quarter. Advisors Capital Management LLC now owns 449,245 shares of the wireless technology company's stock worth $69,009,000 after purchasing an additional 3,477 shares during the last quarter. Chelsea Counsel Co. boosted its holdings in shares of QUALCOMM by 965.3% in the 1st quarter. Chelsea Counsel Co. now owns 5,518 shares of the wireless technology company's stock valued at $848,000 after acquiring an additional 5,000 shares during the last quarter. McAdam LLC boosted its holdings in shares of QUALCOMM by 3.4% in the 1st quarter. McAdam LLC now owns 2,243 shares of the wireless technology company's stock valued at $345,000 after acquiring an additional 73 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of QUALCOMM by 12.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 13,045 shares of the wireless technology company's stock valued at $2,004,000 after acquiring an additional 1,427 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Performance

QCOM opened at $158.95 on Thursday. 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 fifty day moving average price of $156.41 and a 200 day moving average price of $152.09. 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 $171.51 billion, a P/E ratio of 15.33, a P/E/G ratio of 2.31 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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 net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the previous year, the business 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. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is currently 34.33%.

Wall Street Analyst Weigh In

Several research firms have recently commented on QCOM. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Tuesday, August 26th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. JPMorgan Chase & Co. upped their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Piper Sandler dropped their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 236 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total transaction of $37,372.96. Following the completion of the transaction, the chief accounting officer directly owned 677 shares in the company, valued at approximately $107,209.72. This represents a 25.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction 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 of the company's stock, valued at $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,626 shares of company stock valued at $1,948,054. Insiders own 0.08% of the company's stock.

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.

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