MV Capital Management Inc. Sells 481 Shares of QUALCOMM Incorporated $QCOM

by · The Cerbat Gem

MV Capital Management Inc. decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,625 shares of the wireless technology company’s stock after selling 481 shares during the period. MV Capital Management Inc.’s holdings in QUALCOMM were worth $3,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCOM. Vermillion & White Wealth Management Group LLC raised its holdings in shares of QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 93 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in QUALCOMM during the second quarter valued at approximately $32,000. Harbor Asset Planning Inc. purchased a new position in shares of QUALCOMM during the second quarter worth approximately $32,000. Atticus Wealth Management LLC raised its stake in shares of QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after acquiring an additional 212 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of QUALCOMM by 44.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 256 shares of the wireless technology company’s stock worth $39,000 after acquiring an additional 79 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer directly owned 36,541 shares of the company’s stock, valued at approximately $6,067,998.46. The trade was a 18.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Patricia Y. Grech sold 273 shares of the company’s 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 completion of the transaction, the chief accounting officer owned 404 shares of the company’s stock, valued at $65,213.68. This trade represents a 40.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 168,305 shares of company stock valued at $27,858,392. 0.08% of the stock is owned by insiders.

QUALCOMM Price Performance

QCOM stock opened at $176.67 on Thursday. The stock has a market capitalization of $189.21 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.59 and a beta of 1.26. The firm’s 50-day moving average price is $168.37 and its two-hundred day moving average price is $158.63. 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 $205.95.

QUALCOMM (NASDAQ:QCOM – Get Free Report) last posted its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. During the same period last year, the firm earned $2.69 earnings per share. QUALCOMM’s quarterly revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

Analyst Upgrades and Downgrades

QCOM has been the topic of several recent research reports. TD Cowen increased their target price on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Tuesday, August 26th. Citigroup raised their price objective on QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Piper Sandler boosted their target price on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Wells Fargo & Company increased their target price on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average price target of $190.38.

Check Out Our Latest Stock Analysis on QCOM

QUALCOMM Profile

(Free Report)

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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