QUALCOMM Incorporated $QCOM Position Decreased by UMB Bank n.a.

Key Points

• UMB Bank n.a. reduced its stake in QUALCOMM by 5.0%, selling 1,843 shares, leaving it with 35,241 shares valued at approximately $5.61 million.
• Several hedge funds increased their positions in QUALCOMM significantly, with OVERSEA CHINESE BANKING Corp Ltd raising their stake by 565.0% to own 124,327 shares valued at around $19.1 million.
• QUALCOMM's stock has seen a price target increase from firms like UBS Group ($165.00) and JPMorgan Chase & Co. ($200.00), reflecting a "Moderate Buy" average rating from analysts.

UMB Bank n.a. lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,241 shares of the wireless technology company's stock after selling 1,843 shares during the quarter. UMB Bank n.a.'s holdings in QUALCOMM were worth $5,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares during the period. Woodline Partners LP acquired a new position in shares of QUALCOMM during the fourth quarter worth approximately $7,234,000. Retirement Planning Group LLC lifted its holdings in shares of QUALCOMM by 79.0% during the fourth quarter. Retirement Planning Group LLC now owns 2,512 shares of the wireless technology company's stock worth $386,000 after buying an additional 1,109 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of QUALCOMM during the fourth quarter worth approximately $131,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In other QUALCOMM 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 value of $234,240.00. Following the completion of the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the sale, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,899 shares of company stock worth $1,992,121. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QCOM. Piper Sandler decreased their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price for the company in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. boosted their price target on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One research 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM traded down $1.00 during midday trading on Tuesday, hitting $168.72. 2,431,268 shares of the stock traded hands, compared to its average volume of 8,295,166. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. 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 firm has a market capitalization of $182.05 billion, a P/E ratio of 16.29, a PEG ratio of 2.41 and a beta of 1.21. The firm has a 50-day moving average of $157.34 and a two-hundred day moving average of $152.39.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) 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.