Greenup Street Wealth Management LLC Lowers Stock Position in QUALCOMM Incorporated $QCOM

Greenup Street Wealth Management LLC cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 7.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,275 shares of the wireless technology company’s stock after selling 454 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in QUALCOMM were worth $840,000 at the end of the most recent quarter.

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

QUALCOMM Stock Performance

NASDAQ QCOM opened at $167.04 on Tuesday. 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’s fifty day moving average is $162.38 and its two-hundred day moving average is $154.12. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The firm has a market capitalization of $180.24 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 2.38 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the business earned $2.33 earnings per share. 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. Equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is 34.33%.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 8,335 shares of the 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 completion of the sale, the chief financial officer owned 36,541 shares of the company’s stock, valued at $6,067,998.46. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, August 1st. The stock was 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 represents a 7.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,102 shares of company stock valued at $27,706,855. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on QCOM. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. UBS Group increased their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Mizuho reduced their target price on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Finally, Arete Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus target price of $182.82.

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.