Accel Wealth Management Reduces Position in QUALCOMM Incorporated $QCOM

Accel Wealth Management lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 9.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,517 shares of the wireless technology company’s stock after selling 374 shares during the quarter. Accel Wealth Management’s holdings in QUALCOMM were worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Oak Hill Wealth Advisors LLC boosted its stake in shares of QUALCOMM by 21.3% during the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 4,563 shares of the wireless technology company’s stock worth $728,000 after acquiring an additional 800 shares during the last quarter. Bank Hapoalim BM boosted its holdings in QUALCOMM by 79.5% in the 2nd quarter. Bank Hapoalim BM now owns 28,248 shares of the wireless technology company’s stock worth $4,499,000 after buying an additional 12,514 shares during the period. Sava Infond d.o.o. boosted its holdings in QUALCOMM by 50.5% in the 2nd quarter. Sava Infond d.o.o. now owns 14,900 shares of the wireless technology company’s stock worth $2,373,000 after buying an additional 5,000 shares during the period. Apexium Financial LP boosted its holdings in QUALCOMM by 10.0% in the 2nd quarter. Apexium Financial LP now owns 2,513 shares of the wireless technology company’s stock worth $400,000 after buying an additional 228 shares during the period. Finally, 111 Capital boosted its holdings in QUALCOMM by 68.1% in the 2nd quarter. 111 Capital now owns 22,787 shares of the wireless technology company’s stock worth $3,629,000 after buying an additional 9,234 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This represents a 7.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction dated 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 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 three months, insiders sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is owned by company insiders.

QUALCOMM Stock Performance

QUALCOMM stock opened at $169.18 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The firm has a market capitalization of $182.55 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23. The company’s 50-day moving average is $159.51 and its 200 day moving average is $153.25.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping 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 company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the company posted $2.33 EPS. The firm’s revenue for the quarter 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 forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM’s dividend payout ratio is currently 34.33%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on QCOM. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QUALCOMM in a report on Saturday, September 27th. Piper Sandler dropped their target price on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Mizuho decreased their price target on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and an average price target of $182.82.

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.