Brooks Moore & Associates Inc. lowered its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 28.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,709 shares of the wireless technology company's stock after selling 4,590 shares during the period. Brooks Moore & Associates Inc.'s holdings in Qualcomm were worth $2,164,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in QCOM. Bank OZK increased its holdings in shares of Qualcomm by 7.7% during the second quarter. Bank OZK now owns 2,457 shares of the wireless technology company's stock valued at $454,000 after acquiring an additional 176 shares in the last quarter. Hamilton Capital LLC bought a new position in shares of Qualcomm in the 2nd quarter worth $200,000. FSA Advisors Inc. bought a new position in shares of Qualcomm in the 2nd quarter worth $439,000. Formula Growth Ltd. acquired a new stake in Qualcomm in the 2nd quarter valued at $776,000. Finally, MASTERINVEST Kapitalanlage GmbH grew its position in Qualcomm by 10.7% in the 2nd quarter. MASTERINVEST Kapitalanlage GmbH now owns 24,176 shares of the wireless technology company's stock valued at $4,467,000 after purchasing an additional 2,331 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.
Qualcomm Trading Up 0.6%
NASDAQ QCOM opened at $164.78 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $173.73 and a 200 day simple moving average of $168.67. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The firm has a market capitalization of $173.06 billion, a P/E ratio of 19.07, a PEG ratio of 15.11 and a beta of 1.65.
Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. During the same period in the prior year, the firm earned $2.77 earnings per share. Qualcomm's revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.
Qualcomm Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.
Insider Buying and Selling
In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the completion of the sale, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 11,325 shares of company stock worth $1,925,859. 0.05% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on QCOM shares. Sanford C. Bernstein set a $165.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a report on Wednesday, June 24th. Daiwa Securities Group raised shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 target price for the company in a research report on Friday, May 8th. TD Cowen lowered their target price on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, Guggenheim set a $200.00 target price on shares of Qualcomm in a report on Monday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $203.76.
View Our Latest Report on Qualcomm
About Qualcomm
(
Free Report)
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.
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