Brookwood Investment Group LLC Lowers Holdings in QUALCOMM Incorporated $QCOM

Brookwood Investment Group LLC lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 37.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,237 shares of the wireless technology company’s stock after selling 1,940 shares during the quarter. Brookwood Investment Group LLC’s holdings in QUALCOMM were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Winmill & CO. Inc. bought a new stake in QUALCOMM in the 2nd quarter worth about $669,000. First Command Advisory Services Inc. increased its holdings in QUALCOMM by 11.7% in the 2nd quarter. First Command Advisory Services Inc. now owns 2,223 shares of the wireless technology company’s stock worth $354,000 after buying an additional 233 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in QUALCOMM by 51.3% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,432 shares of the wireless technology company’s stock worth $4,511,000 after buying an additional 9,635 shares in the last quarter. Solstein Capital LLC increased its holdings in QUALCOMM by 28.1% in the 2nd quarter. Solstein Capital LLC now owns 1,750 shares of the wireless technology company’s stock worth $279,000 after buying an additional 384 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in QUALCOMM by 8.0% in the 2nd quarter. Resonant Capital Advisors LLC now owns 30,947 shares of the wireless technology company’s stock worth $4,929,000 after buying an additional 2,282 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Up 11.1%

QCOM stock opened at $187.68 on Tuesday. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock has a market cap of $202.51 billion, a P/E ratio of 18.10, a PEG ratio of 2.45 and a beta of 1.23. The business’s 50-day moving average price is $163.97 and its 200-day moving average price is $155.51.

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

QUALCOMM Dividend Announcement

The business also recently disclosed 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. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is presently 34.33%.

Insider Activity

In other news, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at $24,718,770.24. The trade was a 50.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the transaction, the chief accounting officer directly owned 404 shares in the company, valued at approximately $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,102 shares of company stock worth $27,706,855. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on QCOM shares. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Tuesday, August 26th. UBS Group set a $165.00 price target on QUALCOMM in a research note on Monday. Susquehanna boosted their price target on QUALCOMM from $190.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Mizuho cut their price target on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, Piper Sandler cut their price target on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $183.73.

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.