FORA Capital LLC Sells 50,928 Shares of Qualcomm Incorporated $QCOM

Key Points

• FORA Capital LLC cut its Qualcomm stake by 64% in Q3, selling 50,928 shares and leaving it with 28,623 shares worth about $4.76 million (≈0.8% of its portfolio and its 21st largest holding).
• Company insiders — including EVPs Ann C. Chaplin and Alexander H. Rogers — sold significant blocks (7,180 and 15,917 shares respectively), with insiders offloading 45,501 shares worth $7.78 million in the last 90 days and holding just 0.05% of the stock.
• Analysts have trimmed price targets recently and the consensus rating is a Hold with an average price target of $168, while some firms issued lower targets (e.g., Morgan Stanley's $132 underweight).

FORA Capital LLC cut its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 64.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,623 shares of the wireless technology company's stock after selling 50,928 shares during the quarter. Qualcomm accounts for approximately 0.8% of FORA Capital LLC's investment portfolio, making the stock its 21st largest position. FORA Capital LLC's holdings in Qualcomm were worth $4,762,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of QCOM. Invenio Wealth Partners LLC lifted its position in Qualcomm by 8.3% during the third quarter. Invenio Wealth Partners LLC now owns 2,069 shares of the wireless technology company's stock valued at $344,000 after purchasing an additional 159 shares during the last quarter. Family Management Corp increased its holdings in shares of Qualcomm by 4.6% in the 3rd quarter. Family Management Corp now owns 37,847 shares of the wireless technology company's stock worth $6,296,000 after buying an additional 1,668 shares during the last quarter. Compass Capital Management Inc. increased its holdings in shares of Qualcomm by 0.3% in the 3rd quarter. Compass Capital Management Inc. now owns 375,419 shares of the wireless technology company's stock worth $62,455,000 after buying an additional 964 shares during the last quarter. Legacy Advisors LLC purchased a new stake in shares of Qualcomm during the 3rd quarter valued at about $247,000. Finally, GeoWealth Management LLC lifted its holdings in shares of Qualcomm by 35.0% in the 3rd quarter. GeoWealth Management LLC now owns 22,035 shares of the wireless technology company's stock valued at $3,666,000 after acquiring an additional 5,707 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Rosenblatt Securities dropped their price target on Qualcomm from $225.00 to $190.00 and set a "buy" rating for the company in a research report on Thursday, February 5th. Evercore decreased their price objective on Qualcomm from $157.00 to $134.00 and set an "in-line" rating on the stock in a research report on Thursday, February 5th. Royal Bank Of Canada lowered their price objective on Qualcomm from $180.00 to $150.00 and set a "sector perform" rating for the company in a research note on Thursday, February 5th. Argus cut their target price on Qualcomm from $205.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 6th. Finally, Morgan Stanley started coverage on Qualcomm in a report on Tuesday, February 10th. They set an "underweight" rating and a $132.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $168.00.

Insiders Place Their Bets

In other Qualcomm news, EVP Ann C. Chaplin sold 7,180 shares of the company's stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the transaction, the executive vice president owned 23,944 shares of the company's stock, valued at $4,262,750.32. This represents a 23.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Alexander H. Rogers sold 15,917 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,501 shares of company stock worth $7,784,198 in the last 90 days. 0.05% of the stock is owned by insiders.

Qualcomm Stock Performance

Qualcomm stock opened at $129.82 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. Qualcomm Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The firm has a market capitalization of $138.52 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 6.55 and a beta of 1.25. The company's 50-day moving average is $149.54 and its 200 day moving average is $162.34.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.12. The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Research analysts forecast 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, March 26th. Investors of record on Thursday, March 5th will be issued a dividend of $0.89 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.7%. Qualcomm's payout ratio is presently 73.55%.

About Qualcomm

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.