Brooks Moore & Associates Inc. Cuts Stake in Qualcomm Incorporated $QCOM

Brooks Moore & Associates Inc. reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 28.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 11,709 shares of the wireless technology company’s stock after selling 4,590 shares during the period. Brooks Moore & Associates Inc.’s holdings in Qualcomm were worth $2,164,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in QCOM. BlackRock Inc. bought a new position in shares of Qualcomm during the 2nd quarter valued at approximately $17,583,115,000. Geode Capital Management LLC raised its holdings in shares of Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Wellington Management Group LLP lifted its stake in Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Norges Bank purchased a new position in Qualcomm in the fourth quarter valued at approximately $2,591,056,000. Finally, Amundi grew its holdings in Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after purchasing an additional 1,138,541 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Price Performance

Qualcomm stock opened at $164.78 on Friday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The business has a fifty day moving average price of $173.73 and a 200-day moving average price of $168.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market capitalization of $173.06 billion, a P/E ratio of 19.07, a PEG ratio of 15.11 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm’s dividend payout ratio is currently 42.59%.

Insider Activity

In related news, CAO Patricia Y. Grech sold 625 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $33,872.80. The trade was a 75.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,325 shares of company stock worth $1,925,859 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on QCOM. Monness Crespi & Hardt raised Qualcomm to a “buy” rating in a research report on Thursday, June 25th. HSBC reaffirmed a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Rosenblatt Securities cut their price target on Qualcomm from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Daiwa Securities Group raised Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price objective for the company in a report on Friday, May 8th. Finally, Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $203.76.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.