Quent Capital LLC Sells 590 Shares of QUALCOMM Incorporated $QCOM

Quent Capital LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 11.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,518 shares of the wireless technology company’s stock after selling 590 shares during the quarter. Quent Capital LLC’s holdings in QUALCOMM were worth $720,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QCOM. Atlantic Edge Private Wealth Management LLC raised its holdings in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. WFA Asset Management Corp bought a new position in shares of QUALCOMM during the first quarter valued at $27,000. Atticus Wealth Management LLC increased its holdings in shares of QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after acquiring an additional 212 shares in the last quarter. Finally, Abound Financial LLC bought a new position in shares of QUALCOMM during the first quarter valued at $39,000. Institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the business’s 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 completion of the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer 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 disclosure for this sale can be found here. Insiders have sold 159,767 shares of company stock worth $26,322,745 over the last quarter. 0.08% of the stock is owned by insiders.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $169.18 on Friday. The stock has a market cap of $182.55 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 2.46 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. The stock has a 50 day moving average price of $159.51 and a 200-day moving average price of $153.29. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a $0.89 dividend. The ex-dividend date was Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM’s payout ratio is 34.33%.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several analyst reports. Piper Sandler reduced their price target on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Bank of America reduced their price target on QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, June 17th. Arete Research set a $200.00 price target on QUALCOMM in a report on Tuesday, August 26th. Finally, Citigroup reaffirmed a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.