ST Germain D J Co. Inc. Cuts Holdings in QUALCOMM Incorporated $QCOM

ST Germain D J Co. Inc. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,268 shares of the wireless technology company’s stock after selling 333 shares during the period. ST Germain D J Co. Inc.’s holdings in QUALCOMM were worth $15,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in QCOM. Kingstone Capital Partners Texas LLC increased its holdings in shares of QUALCOMM by 656,661.0% in the second 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 stake in QUALCOMM in the first quarter valued at approximately $529,713,000. GAMMA Investing LLC increased its holdings in QUALCOMM by 20,700.4% in the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company’s stock worth $501,192,000 after buying an additional 3,247,068 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 valued at $1,114,403,000 after acquiring an additional 1,407,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in QUALCOMM by 222.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company’s stock worth $212,800,000 after acquiring an additional 956,311 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 2.2%

Shares of QCOM opened at $169.68 on Friday. The stock has a 50 day moving average price of $158.38 and a 200 day moving average price of $152.76. 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 quick ratio of 2.38 and a current ratio of 3.19. The stock has a market capitalization of $183.08 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.51 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were issued a $0.89 dividend. This represents a $3.56 annualized dividend 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%.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 273 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the sale, the chief accounting officer directly owned 404 shares of the company’s stock, valued at approximately $65,213.68. The trade was a 40.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 39,874 shares of the company’s stock, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,100 shares of company stock worth $2,026,291. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

QCOM has been the subject of a number of recent analyst reports. Bank of America cut their price objective 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. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Tuesday, August 26th. Piper Sandler lowered their price target on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, Citigroup reaffirmed a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. 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. Based on data from MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average 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.