Montag A & Associates Inc. Sells 1,086 Shares of QUALCOMM Incorporated $QCOM

Montag A & Associates Inc. decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,234 shares of the wireless technology company’s stock after selling 1,086 shares during the period. Montag A & Associates Inc.’s holdings in QUALCOMM were worth $1,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in QCOM. Birchcreek Wealth Management LLC grew its holdings in QUALCOMM by 18.3% during the 2nd quarter. Birchcreek Wealth Management LLC now owns 4,527 shares of the wireless technology company’s stock valued at $721,000 after purchasing an additional 699 shares during the last quarter. Aspen Wealth Strategies LLC boosted its position in shares of QUALCOMM by 5.9% during the second quarter. Aspen Wealth Strategies LLC now owns 2,158 shares of the wireless technology company’s stock valued at $344,000 after buying an additional 120 shares during the period. Samalin Investment Counsel LLC bought a new position in shares of QUALCOMM during the second quarter valued at approximately $254,000. Vise Technologies Inc. purchased a new stake in shares of QUALCOMM in the second quarter worth approximately $5,998,000. Finally, Mosaic Financial Group LLC raised its holdings in shares of QUALCOMM by 3.3% in the second quarter. Mosaic Financial Group LLC now owns 2,195 shares of the wireless technology company’s stock worth $350,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other news, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. The trade was a 50.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the sale, the chief accounting officer owned 404 shares of the company’s stock, valued at $65,213.68. This trade represents a 40.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 168,305 shares of company stock valued at $27,858,392 over the last ninety days. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

QCOM stock opened at $173.98 on Wednesday. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The business has a 50-day moving average price of $167.98 and a 200 day moving average price of $158.50. The company has a market capitalization of $186.33 billion, a P/E ratio of 16.78, a PEG ratio of 2.59 and a beta of 1.26. 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 (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same quarter last year, the firm posted $2.69 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is presently 72.80%.

Analysts Set New Price Targets

QCOM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Piper Sandler boosted their target price on shares of QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Finally, TD Cowen upped their target price on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $190.38.

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.