Cerity Partners LLC Lowers Stake in QUALCOMM Incorporated $QCOM

Cerity Partners LLC reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 7.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 539,087 shares of the wireless technology company’s stock after selling 45,247 shares during the period. Cerity Partners LLC’s holdings in QUALCOMM were worth $85,855,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in QCOM. Kingstone Capital Partners Texas LLC boosted its holdings in shares of QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after purchasing an additional 58,764,593 shares in the last quarter. Norges Bank purchased a new position in shares of QUALCOMM during the 2nd quarter valued at about $2,713,603,000. Nuveen LLC bought a new stake in QUALCOMM in the 1st quarter worth approximately $529,713,000. Amundi boosted its stake in QUALCOMM by 38.2% in the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after buying an additional 3,186,524 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in QUALCOMM by 84.6% during the first quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company’s stock valued at $230,444,000 after acquiring an additional 707,615 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Patricia Y. Grech sold 513 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $160.95, for a total value of $82,567.35. Following the completion of the sale, the chief accounting officer owned 203 shares of the company’s stock, valued at $32,672.85. This trade represents a 71.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer directly owned 36,541 shares in the company, valued at approximately $6,067,998.46. The trade was a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 164,661 shares of company stock worth $27,292,820 in the last ninety days. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wells Fargo & Company lifted their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Rosenblatt Securities restated a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, November 6th. UBS Group lifted their price objective on QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Finally, Citigroup boosted their target price on QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus price target of $189.90.

QUALCOMM Price Performance

QCOM stock opened at $174.81 on Monday. The stock has a market capitalization of $187.22 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 3.83 and a beta of 1.22. The firm’s 50-day moving average price is $169.59 and its two-hundred day moving average price is $161.19. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. During the same period last year, the firm earned $2.69 earnings per share. QUALCOMM’s quarterly revenue 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 analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio is currently 72.80%.

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.