QUALCOMM Incorporated $QCOM Shares Sold by Beacon Investment Advisory Services Inc.

Key Points

• Beacon Investment Advisory Services Inc. has reduced its stake in QUALCOMM by 12.5%, owning 74,375 shares valued at approximately $11.85 million after selling 10,669 shares in the last quarter.
• Several hedge funds, including Atlantic Edge Private Wealth Management LLC and Vermillion & White Wealth Management Group LLC, have increased their holdings in QUALCOMM significantly during the first quarter, reflecting growing institutional interest.
• QUALCOMM's CFO sold 3,333 shares for approximately $522,814, representing a 7.71% decrease in their ownership, while corporate insiders collectively sold 13,100 shares worth over $2 million in the last quarter.

Beacon Investment Advisory Services Inc. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 12.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,375 shares of the wireless technology company's stock after selling 10,669 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in QUALCOMM were worth $11,845,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. WFA Asset Management Corp acquired a new position in shares of QUALCOMM during the first quarter valued at about $27,000. Mascagni Wealth Management Inc. acquired a new position in QUALCOMM in the 4th quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC acquired a new position in QUALCOMM in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,100 shares of company stock worth $2,026,291. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

QCOM has been the topic of several research reports. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a report on Tuesday, August 26th. Arete Research set a $200.00 price target on shares of QUALCOMM in a report on Tuesday, August 26th. Finally, UBS Group increased their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Trading Up 2.4%

QUALCOMM stock opened at $173.55 on Thursday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The stock's 50 day simple moving average is $158.04 and its two-hundred day simple moving average is $152.66. The firm has a market cap of $187.26 billion, a PE ratio of 16.74, a P/E/G ratio of 2.45 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm posted $2.33 EPS. The business'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. Analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio is currently 34.33%.

About QUALCOMM

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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