Qualcomm Incorporated Declares Quarterly Dividend of $0.92 (NASDAQ:QCOM)

Qualcomm Incorporated (NASDAQ:QCOM) declared a quarterly dividend on Friday, July 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.92 per share by the wireless technology company on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 3rd.

Qualcomm has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 23 consecutive years. Qualcomm has a dividend payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Qualcomm to earn $8.01 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 45.9%.

Qualcomm Stock Performance

Shares of NASDAQ:QCOM traded up $1.17 during mid-day trading on Friday, reaching $171.78. The company had a trading volume of 16,281,323 shares, compared to its average volume of 16,800,980. Qualcomm has a one year low of $121.99 and a one year high of $259.92. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $208.57 and its 200-day moving average price is $168.40. The firm has a market cap of $181.06 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 5.30 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities research analysts anticipate that Qualcomm will post 7.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. This represents a 4.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the sale, the executive vice president owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. This represents a 9.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,721 shares of company stock worth $4,044,465. 0.05% of the stock is owned by company insiders.

Institutional Investors Weigh In On Qualcomm

Hedge funds have recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its position in shares of Qualcomm by 3.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after buying an additional 53 shares during the period. Wall Street Financial Group Inc. lifted its position in Qualcomm by 1.9% during the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock valued at $564,000 after acquiring an additional 57 shares during the period. Sunbeam Capital Management LLC boosted its stake in Qualcomm by 3.7% during the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock worth $303,000 after acquiring an additional 58 shares in the last quarter. Basepoint Wealth LLC boosted its stake in Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock worth $429,000 after acquiring an additional 59 shares in the last quarter. Finally, Five Oceans Advisors grew its holdings in Qualcomm by 3.3% in the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock worth $338,000 after purchasing an additional 59 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.