Crumly & Associates Inc. Sells 1,764 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Crumly & Associates Inc. reduced its stake in QUALCOMM by 46.3%, selling 1,764 shares and ending the quarter with 2,043 shares valued at $325,000.
• QUALCOMM reported $2.77 EPS for the last quarter, exceeding analysts' expectations, while also disclosing a quarterly dividend of $0.89 per share, yielding 2.2% annually.
• Institutional investors now hold 74.35% of QUALCOMM's stock, with several firms modifying their stakes, including rise in holdings from Rise Advisors LLC and Bell Investment Advisors Inc..

Crumly & Associates Inc. reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 46.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,043 shares of the wireless technology company's stock after selling 1,764 shares during the quarter. Crumly & Associates Inc.'s holdings in QUALCOMM were worth $325,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC grew its stake in QUALCOMM by 6.7% during the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock worth $161,000 after buying an additional 66 shares in the last quarter. Bell Investment Advisors Inc grew its stake in QUALCOMM by 4.6% during the first quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock worth $231,000 after buying an additional 66 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in QUALCOMM by 2.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock worth $509,000 after buying an additional 69 shares in the last quarter. Collaborative Wealth Managment Inc. grew its stake in QUALCOMM by 5.1% during the first quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock worth $217,000 after buying an additional 69 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its stake in QUALCOMM by 0.3% during the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Trading Up 0.2%

QCOM opened at $161.83 on Friday. The company's 50 day moving average is $156.39 and its 200-day moving average is $152.10. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $174.61 billion, a P/E ratio of 15.61, a PEG ratio of 2.35 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

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

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 236 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total transaction of $37,372.96. Following the completion of the transaction, the chief accounting officer owned 677 shares of the company's stock, valued at approximately $107,209.72. This trade represents a 25.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,626 shares of company stock worth $1,948,054 in the last 90 days. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on QCOM. UBS Group increased their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Mizuho reduced their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock 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 note on Sunday, August 3rd. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Bank of America reduced their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, QUALCOMM currently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

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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