Beech Hill Advisors Inc. Has $3.97 Million Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Beech Hill Advisors Inc. reduced its holdings in QUALCOMM by 24% in Q2, owning approximately $3.97 million worth of shares post-sale.
• Brokerages such as Rosenblatt Securities and JPMorgan Chase have reiterated buy ratings for QUALCOMM, with price targets ranging from $175 to $225.
• QUALCOMM's recent earnings report showed a net margin of 26.77% and a revenue increase of 10.4% year-over-year, with expectations for EPS of 9.39 for the current fiscal year.

Beech Hill Advisors Inc. trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 24.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,915 shares of the wireless technology company's stock after selling 7,861 shares during the period. QUALCOMM accounts for approximately 1.8% of Beech Hill Advisors Inc.'s holdings, making the stock its 16th largest holding. Beech Hill Advisors Inc.'s holdings in QUALCOMM were worth $3,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC grew its stake 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 valued at $26,000 after purchasing an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of QUALCOMM in the 2nd quarter valued at approximately $32,000. Harbor Asset Planning Inc. acquired a new stake in QUALCOMM in the second quarter worth $32,000. Finally, Atticus Wealth Management LLC lifted its holdings in QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock worth $34,000 after acquiring an additional 212 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on QCOM. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their price target on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Piper Sandler lowered their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. 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's stock. Based on data from MarketBeat.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Performance

QCOM opened at $167.04 on Tuesday. 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 $182.10. The firm has a market cap of $180.24 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The business's fifty day moving average is $162.38 and its 200-day moving average is $154.12.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the prior year, the business posted $2.33 earnings per share. QUALCOMM's revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM's payout ratio is currently 34.33%.

Insider Activity

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the sale, the chief accounting officer owned 203 shares of the company's stock, valued at approximately $34,510. This trade represents a 49.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares of the company's stock, valued at $24,718,770.24. This trade represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,102 shares of company stock valued at $27,706,855. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Company 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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