FORA Capital LLC Lowers Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• FORA Capital LLC has reduced its stake in QUALCOMM Incorporated by 63.7%, selling 63,779 shares and leaving it with 36,300 shares worth approximately $5.58 million.
• QUALCOMM reported a net margin of 26.77% and earnings per share of $2.77 for the last quarter, beating analysts' estimates and marking a year-over-year revenue increase of 10.4%.
• The company recently announced a quarterly dividend of $0.89 per share, which equates to an annualized dividend of $3.56 and a yield of 2.3%.

FORA Capital LLC cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 63.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,300 shares of the wireless technology company's stock after selling 63,779 shares during the period. FORA Capital LLC's holdings in QUALCOMM were worth $5,576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WFA Asset Management Corp bought a new stake in shares of QUALCOMM during the 1st quarter valued at approximately $27,000. Banque Transatlantique SA acquired a new stake in QUALCOMM during the 4th quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC grew its holdings in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 70 shares during the last quarter. Sunbeam Capital Management LLC acquired a new position in QUALCOMM in the 4th quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in QUALCOMM during the 4th quarter worth $30,000. Institutional investors own 74.35% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on QCOM shares. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research report on Tuesday. UBS Group increased their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Wells Fargo & Company lowered their price objective on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, QUALCOMM has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

Insider Transactions at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the transaction, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $148.10, for a total transaction of $493,617.30. Following the completion of the transaction, the chief financial officer owned 43,207 shares in the company, valued at approximately $6,398,956.70. This trade represents a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,626 shares of company stock worth $1,912,190. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Up 0.6%

QCOM traded up $1.03 during trading on Thursday, hitting $160.80. 8,151,095 shares of the company's stock were exchanged, compared to its average volume of 7,963,111. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The stock has a market cap of $173.50 billion, a P/E ratio of 16.37, a PEG ratio of 2.32 and a beta of 1.23. The business's 50 day moving average is $155.84 and its two-hundred day moving average is $152.94. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the firm posted $2.33 EPS. QUALCOMM's quarterly 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. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. QUALCOMM's dividend payout ratio is presently 34.33%.

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.