Forvis Mazars Wealth Advisors LLC Reduces Stock Position in QUALCOMM Incorporated $QCOM

Forvis Mazars Wealth Advisors LLC reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 20.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,313 shares of the wireless technology company’s stock after selling 852 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in QUALCOMM were worth $528,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital Advantage Inc. boosted its holdings 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 worth $375,000 after purchasing an additional 64 shares during the period. Rise Advisors LLC boosted its holdings 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 worth $161,000 after purchasing an additional 66 shares during the period. Bell Investment Advisors Inc boosted its holdings 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 worth $231,000 after purchasing an additional 66 shares during the period. Collaborative Wealth Managment Inc. boosted its holdings 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 worth $217,000 after purchasing an additional 69 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its holdings in QUALCOMM by 0.3% in the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company’s stock worth $3,879,000 after buying an additional 69 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QCOM has been the topic of a number of research analyst reports. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. Mizuho lowered their target price on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Citigroup restated a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.82.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $163.45 on Monday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a 50 day simple moving average of $162.00 and a two-hundred day simple moving average of $153.84. The company has a market capitalization of $176.36 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 2.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share 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 business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm earned $2.33 earnings per share. The business’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. Analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, the insider directly owned 21,193 shares of the company’s stock, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 159,767 shares of company stock valued at $26,322,745. 0.08% of the stock is currently owned by company insiders.

QUALCOMM 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.