Brown Miller Wealth Management LLC Sells 4,895 Shares of QUALCOMM Incorporated $QCOM

Brown Miller Wealth Management LLC trimmed its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 24.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,126 shares of the wireless technology company’s stock after selling 4,895 shares during the period. Brown Miller Wealth Management LLC’s holdings in QUALCOMM were worth $2,409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Advantage Inc. boosted its position in QUALCOMM by 2.8% in the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock valued at $375,000 after buying an additional 64 shares in the last quarter. Rise Advisors LLC raised its stake in shares of QUALCOMM by 6.7% in the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company’s stock valued at $161,000 after acquiring an additional 66 shares during the last quarter. Bell Investment Advisors Inc boosted its holdings in shares of QUALCOMM by 4.6% in the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company’s stock worth $231,000 after acquiring an additional 66 shares in the last quarter. Collaborative Wealth Managment Inc. grew its position in QUALCOMM by 5.1% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company’s stock worth $217,000 after acquiring an additional 69 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in QUALCOMM by 0.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company’s stock valued at $3,879,000 after purchasing an additional 69 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This represents a 7.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Patricia Y. Grech sold 201 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total value of $34,170.00. Following the completion of the transaction, the chief accounting officer owned 203 shares of the company’s stock, valued at $34,510. The trade was a 49.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Performance

QCOM opened at $169.18 on Friday. The company has a market capitalization of $182.55 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 2.47 and a beta of 1.23. The business’s 50-day moving average price is $159.51 and its two-hundred day moving average price is $153.25. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. 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 quarterly earnings data 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the company earned $2.33 earnings per share. QUALCOMM’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. Equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Mizuho dropped their target price on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Bank of America decreased their price target on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, June 17th. JPMorgan Chase & Co. boosted their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average 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.