QUALCOMM Incorporated $QCOM Shares Sold by Beacon Financial Group

Key Points

• Beacon Financial Group reduced its holdings in QUALCOMM by 5.1%, owning 29,748 shares worth approximately $4.74 million after selling 1,603 shares in the 2nd quarter.
• Several institutional investors increased their stakes in QUALCOMM, with Reyes Financial Architecture Inc. raising theirs by 79.3% during the same period.
• Wall Street analysts exhibit mixed sentiment, as QUALCOMM received differing ratings from various brokerages, leading to an average rating of "Moderate Buy" with a price target of $182.82.

Beacon Financial Group decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,748 shares of the wireless technology company's stock after selling 1,603 shares during the quarter. Beacon Financial Group's holdings in QUALCOMM were worth $4,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. raised its stake in QUALCOMM by 79.3% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 3,261 shares of the wireless technology company's stock valued at $519,000 after purchasing an additional 1,442 shares during the last quarter. Czech National Bank raised its stake in QUALCOMM by 5.6% in the 2nd quarter. Czech National Bank now owns 268,192 shares of the wireless technology company's stock valued at $42,712,000 after purchasing an additional 14,161 shares during the last quarter. Range Financial Group LLC raised its stake in QUALCOMM by 15.7% in the 2nd quarter. Range Financial Group LLC now owns 6,717 shares of the wireless technology company's stock valued at $1,070,000 after purchasing an additional 912 shares during the last quarter. Strategic Advocates LLC raised its stake in QUALCOMM by 4.2% in the 2nd quarter. Strategic Advocates LLC now owns 3,120 shares of the wireless technology company's stock valued at $497,000 after purchasing an additional 125 shares during the last quarter. Finally, First National Corp MA ADV raised its stake in QUALCOMM by 12.4% in the 2nd quarter. First National Corp MA ADV now owns 2,856 shares of the wireless technology company's stock valued at $455,000 after purchasing an additional 316 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on QCOM. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Bank of America lowered their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Mizuho lowered their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. One 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $182.82.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the sale, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Patricia Y. Grech sold 273 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the transaction, the chief accounting officer owned 404 shares of the company's stock, valued at approximately $65,213.68. This represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,899 shares of company stock worth $1,992,121 over the last 90 days. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Down 0.4%

Shares of NASDAQ:QCOM opened at $161.22 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 1 year low of $120.80 and a 1 year high of $182.10. The stock has a market capitalization of $173.96 billion, a P/E ratio of 15.55, a PEG ratio of 2.35 and a beta of 1.21. The stock has a 50-day simple moving average of $156.46 and a 200-day simple moving average of $152.04.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $10.33 billion. During the same quarter in the previous year, the business earned $2.33 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

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

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