Wright Investors Service Inc. Lowers Position in QUALCOMM Incorporated $QCOM

Key Points

• Wright Investors Service Inc. reduced its stake in QUALCOMM by 45.1% in the second quarter, now holding 7,638 shares valued at approximately $1.2 million.
• QUALCOMM's recent earnings report showed an EPS of $2.77, exceeding analysts' expectations, with revenue rising 10.4% year-over-year to $10.37 billion.
• A quarterly dividend of $0.89 has been declared, representing an annualized yield of 2.1%, with the record date set for September 4th.

Wright Investors Service Inc. cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 45.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,638 shares of the wireless technology company's stock after selling 6,272 shares during the quarter. Wright Investors Service Inc.'s holdings in QUALCOMM were worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Eagle Bay Advisors LLC grew its holdings in shares of QUALCOMM by 6.4% in the second quarter. Eagle Bay Advisors LLC now owns 1,837 shares of the wireless technology company's stock valued at $293,000 after acquiring an additional 110 shares in the last quarter. Global X Japan Co. Ltd. grew its holdings in shares of QUALCOMM by 10.5% in the second quarter. Global X Japan Co. Ltd. now owns 93,117 shares of the wireless technology company's stock valued at $14,830,000 after acquiring an additional 8,862 shares in the last quarter. Lantz Financial LLC bought a new position in shares of QUALCOMM in the second quarter valued at approximately $230,000. Viking Fund Management LLC grew its holdings in shares of QUALCOMM by 4.2% in the second quarter. Viking Fund Management LLC now owns 75,000 shares of the wireless technology company's stock valued at $11,944,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Phillips Wealth Planners LLC bought a new position in shares of QUALCOMM in the second quarter valued at approximately $207,000. 74.35% of the stock is owned by institutional investors.

QUALCOMM Price Performance

QUALCOMM stock opened at $166.85 on Friday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The business has a fifty day moving average price of $157.04 and a 200-day moving average price of $152.40. 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 capitalization of $180.03 billion, a P/E ratio of 16.09, a PEG ratio of 2.45 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts' consensus estimates 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 company earned $2.33 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 2.1%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

Insider Buying and Selling

In other 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 value of $522,814.38. Following the completion of the transaction, the chief financial officer directly owned 39,874 shares of the company's stock, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $44,067.66. Following the completion of the sale, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. This trade represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,899 shares of company stock valued at $1,992,121 over the last three months. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QCOM. Arete Research set a $200.00 target price on QUALCOMM in a report on Tuesday, August 26th. UBS Group increased their price objective on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $225.00 price objective on shares of QUALCOMM 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

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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