QUALCOMM Incorporated $QCOM Shares Sold by Brown Miller Wealth Management LLC

Key Points

• Brown Miller Wealth Management LLC reduced its stake in QUALCOMM by 24.4%, selling 4,895 shares, and now holds 15,126 shares valued at approximately $2.41 million.
• Analysts have given QUALCOMM mixed ratings, with one upgrading the stock to "buy" with a target price of $200, while others have set their targets between $185 and $182.82.
• QUALCOMM recently declared a quarterly dividend of $0.89 per share, equating to an annualized yield of 2.1%, with a payout ratio of 34.33%.

Brown Miller Wealth Management LLC reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 24.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,126 shares of the wireless technology company's stock after selling 4,895 shares during the period. Brown Miller Wealth Management LLC's holdings in QUALCOMM were worth $2,409,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its stake in shares of QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock worth $9,360,274,000 after acquiring an additional 58,764,593 shares in the last quarter. Nuveen LLC purchased a new stake in QUALCOMM during the 1st quarter worth approximately $529,713,000. Goldman Sachs Group Inc. raised its position in shares of QUALCOMM by 24.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock valued at $1,114,403,000 after purchasing an additional 1,407,797 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of QUALCOMM by 222.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company's stock valued at $212,800,000 after buying an additional 956,311 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of QUALCOMM by 11.2% during the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock worth $1,331,170,000 after buying an additional 875,412 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total transaction of $34,170.00. Following the transaction, the chief accounting officer owned 203 shares in the company, valued at $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,767 shares of company stock worth $26,322,745 over the last quarter. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on QCOM shares. Mizuho cut their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research note on Tuesday, August 26th. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Citigroup restated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Stock Performance

Shares of QCOM opened at $169.18 on Friday. The company has a market capitalization of $182.55 billion, a PE ratio of 16.31, a PEG ratio of 2.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company's 50 day moving average price is $159.51 and its 200 day moving average price is $153.25. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the previous year, the company posted $2.33 EPS. QUALCOMM's revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM's payout ratio is currently 34.33%.

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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