EFG Asset Management Americas Corp. Sells 1,399 Shares of QUALCOMM Incorporated $QCOM

EFG Asset Management Americas Corp. decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,817 shares of the wireless technology company’s stock after selling 1,399 shares during the period. QUALCOMM comprises approximately 1.1% of EFG Asset Management Americas Corp.’s portfolio, making the stock its 29th biggest holding. EFG Asset Management Americas Corp.’s holdings in QUALCOMM were worth $5,863,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC grew its stake in shares of QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 93 shares during the period. Chung Wu Investment Group LLC bought a new position in QUALCOMM during the second quarter worth about $32,000. Harbor Asset Planning Inc. purchased a new position in shares of QUALCOMM in the second quarter worth about $32,000. Atticus Wealth Management LLC raised its position in shares of QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after purchasing an additional 212 shares during the period. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of QUALCOMM by 44.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 256 shares of the wireless technology company’s stock valued at $39,000 after buying an additional 79 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In other news, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Patricia Y. Grech sold 203 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total transaction of $35,092.61. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 167,514 shares of company stock valued at $27,735,930. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 0.6%

Shares of NASDAQ:QCOM opened at $166.11 on Thursday. The firm has a market capitalization of $177.90 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. 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 52-week low of $120.80 and a 52-week high of $205.95. The firm has a fifty day moving average of $169.35 and a 200 day moving average of $159.52.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. The firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is 72.80%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QCOM. JPMorgan Chase & Co. boosted their target price on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Arete raised 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a report on Thursday, November 13th. Wells Fargo & Company increased their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. Finally, Arete Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.38.

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.