Gotham Asset Management LLC Has $33.01 Million Stock Holdings in QUALCOMM Incorporated $QCOM

Gotham Asset Management LLC lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 6.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 214,913 shares of the wireless technology company's stock after selling 14,823 shares during the quarter. QUALCOMM accounts for about 0.3% of Gotham Asset Management LLC's investment portfolio, making the stock its 18th biggest holding. Gotham Asset Management LLC's holdings in QUALCOMM were worth $33,013,000 as of its most recent filing with the Securities & Exchange Commission.

• Why Qualcomm Is Outperforming NVIDIA After Months of Lagging

Several other institutional investors and hedge funds also recently made changes to their positions in QCOM. WFA Asset Management Corp acquired a new position in QUALCOMM in the 1st quarter worth $27,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after buying an additional 70 shares during the period. Sunbeam Capital Management LLC acquired a new stake in QUALCOMM in the 4th quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in QUALCOMM in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Ratings Changes

QCOM has been the subject of several research reports. Mizuho decreased their price target on shares of 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 downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Finally, Citigroup restated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $182.82.

• MarketBeat Week in Review – 08/25 - 08/29

View Our Latest Report on QCOM

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the 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 sale, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Neil Martin sold 791 shares of the stock in a transaction on 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 sale, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,626 shares of company stock worth $1,948,054 in the last quarter. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Up 1.5%

• 3 of Qualcomm’s Technical Indicators Are Suddenly Flashing Green

Shares of QCOM stock opened at $159.71 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. The firm's 50-day moving average is $156.45 and its 200-day moving average is $152.44. The stock has a market cap of $172.33 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 2.29 and a beta of 1.21. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued 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. 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%. QUALCOMM's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

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

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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