Clarity Capital Partners LLC Trims Stock Holdings in QUALCOMM Incorporated $QCOM

Clarity Capital Partners LLC reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 15.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,800 shares of the wireless technology company’s stock after selling 1,055 shares during the quarter. Clarity Capital Partners LLC’s holdings in QUALCOMM were worth $924,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in QCOM. Kingstone Capital Partners Texas LLC lifted its position 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 acquiring an additional 58,764,593 shares in the last quarter. Nuveen LLC acquired a new position in QUALCOMM in the first quarter valued at $529,713,000. Goldman Sachs Group Inc. increased its stake in QUALCOMM by 24.1% in the first 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 purchasing an additional 1,407,797 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in QUALCOMM by 222.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company’s stock valued at $212,800,000 after purchasing an additional 956,311 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock valued at $1,331,170,000 after purchasing an additional 875,412 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at QUALCOMM

In related news, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 404 shares of the company’s stock, valued at approximately $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Neil Martin sold 791 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares of the company’s stock, valued at $171,230.92. This represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock valued at $26,322,745 in the last three months. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

QCOM has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of QUALCOMM in a research note on Saturday, September 27th. Arete Research set a $200.00 target price on QUALCOMM in a research note on Tuesday, August 26th. Mizuho dropped their target price on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an “outperform” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and an average target price of $182.82.

QUALCOMM Price Performance

QCOM stock opened at $169.18 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The firm has a market cap of $182.55 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 2.46 and a beta of 1.23. The stock has a 50-day simple moving average of $159.51 and a 200-day simple moving average of $153.29.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the firm earned $2.33 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. QUALCOMM’s dividend payout ratio is currently 34.33%.

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.