Probity Advisors Inc. Cuts Stock Position in QUALCOMM Incorporated $QCOM

Probity Advisors Inc. trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 9.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,851 shares of the wireless technology company’s stock after selling 198 shares during the period. Probity Advisors Inc.’s holdings in QUALCOMM were worth $295,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Aurora Investment Counsel increased its stake in shares of QUALCOMM by 3.8% during the second quarter. Aurora Investment Counsel now owns 16,610 shares of the wireless technology company’s stock worth $2,645,000 after buying an additional 612 shares during the period. Maj Invest Holding A S increased its stake in shares of QUALCOMM by 19.4% during the second quarter. Maj Invest Holding A S now owns 1,327,279 shares of the wireless technology company’s stock worth $211,381,000 after buying an additional 215,396 shares during the period. Klingman & Associates LLC increased its stake in shares of QUALCOMM by 36.1% during the second quarter. Klingman & Associates LLC now owns 2,728 shares of the wireless technology company’s stock worth $434,000 after buying an additional 724 shares during the period. Bogart Wealth LLC increased its stake in shares of QUALCOMM by 161.6% during the second quarter. Bogart Wealth LLC now owns 1,970 shares of the wireless technology company’s stock worth $314,000 after buying an additional 1,217 shares during the period. Finally, Drive Wealth Management LLC increased its stake in shares of QUALCOMM by 13.3% during the second quarter. Drive Wealth Management LLC now owns 3,007 shares of the wireless technology company’s stock worth $479,000 after buying an additional 352 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Stock Performance

Shares of QCOM opened at $168.83 on Wednesday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm has a market cap of $182.17 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.43 and a beta of 1.23. The company’s 50 day simple moving average is $162.68 and its 200-day simple moving average is $154.22. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $2.33 earnings per share. 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 EPS for the current year.

QUALCOMM Dividend Announcement

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

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares in the company, valued at approximately $6,067,998.46. This trade represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,102 shares of company stock valued at $27,706,855. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on QCOM shares. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Tuesday, August 26th. Mizuho dropped 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. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of QUALCOMM in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM presently 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.