Eagle Global Advisors LLC Lowers Stock Holdings in QUALCOMM Incorporated $QCOM

Eagle Global Advisors LLC trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 52,514 shares of the wireless technology company’s stock after selling 685 shares during the period. Eagle Global Advisors LLC’s holdings in QUALCOMM were worth $8,363,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in QCOM. Capital Advantage Inc. increased its position in shares of QUALCOMM by 2.8% during the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock valued at $375,000 after acquiring an additional 64 shares in the last quarter. Rise Advisors LLC increased its position in shares of QUALCOMM by 6.7% during the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company’s stock valued at $161,000 after acquiring an additional 66 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of QUALCOMM by 4.6% during the first quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company’s stock valued at $231,000 after acquiring an additional 66 shares in the last quarter. Collaborative Wealth Managment Inc. increased its position in shares of QUALCOMM by 5.1% during the first quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company’s stock valued at $217,000 after acquiring an additional 69 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its position in shares of QUALCOMM by 0.3% during the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company’s stock valued at $3,879,000 after acquiring an additional 69 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. UBS Group lifted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Bank of America cut their target price on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, June 17th. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, Mizuho cut their target price on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and an average target price of $182.82.

QUALCOMM Trading Down 0.3%

Shares of QCOM stock opened at $169.20 on Friday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The firm has a fifty day moving average price of $158.67 and a 200-day moving average price of $152.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company has a market cap of $182.57 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 2.46 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the firm posted $2.33 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM’s payout ratio is presently 34.33%.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares of the company’s stock, valued at $171,230.92. The trade was a 41.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Patricia Y. Grech sold 201 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 203 shares of the company’s stock, valued at $34,510. This represents a 49.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,100 shares of company stock worth $2,026,291. 0.08% of the stock is currently owned by insiders.

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.