Montag A & Associates Inc. Decreases Stake in QUALCOMM Incorporated $QCOM

Montag A & Associates Inc. lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 8.8% in the second quarter, HoldingsChannel.com reports. The fund owned 11,234 shares of the wireless technology company’s stock after selling 1,086 shares during the quarter. Montag A & Associates Inc.’s holdings in QUALCOMM were worth $1,789,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in QCOM. Vermillion & White Wealth Management Group LLC boosted its position in QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in QUALCOMM in the second quarter valued at approximately $32,000. Harbor Asset Planning Inc. purchased a new stake in shares of QUALCOMM in the second quarter valued at approximately $32,000. Atticus Wealth Management LLC raised its stake in shares of QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after buying an additional 212 shares during the period. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of QUALCOMM by 44.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 256 shares of the wireless technology company’s stock valued at $39,000 after buying an additional 79 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Mizuho boosted their price target on shares of QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. TD Cowen boosted 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. Weiss Ratings lowered shares of QUALCOMM from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. Finally, Bank of America increased their target price on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Stock Performance

QCOM opened at $173.98 on Wednesday. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The firm has a market capitalization of $186.33 billion, a PE ratio of 16.78, a PEG ratio of 2.59 and a beta of 1.26. 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’s 50-day moving average price is $167.98 and its 200 day moving average price is $158.50.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data 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. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed 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 yield of 2.0%. QUALCOMM’s payout ratio is 72.80%.

Insider Buying and Selling

In related news, CAO Neil Martin sold 791 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Patricia Y. Grech sold 203 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $172.87, for a total transaction of $35,092.61. The SEC filing for this sale provides additional information. Insiders sold 168,305 shares of company stock worth $27,858,392 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

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.