Cobblestone Capital Advisors LLC NY Decreases Stake in QUALCOMM Incorporated $QCOM

Cobblestone Capital Advisors LLC NY lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,381 shares of the wireless technology company’s stock after selling 424 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in QUALCOMM were worth $1,494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC increased its stake in shares of QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 340 shares during the period. Golden State Wealth Management LLC increased its stake in shares of QUALCOMM by 24.8% in the first quarter. Golden State Wealth Management LLC now owns 4,457 shares of the wireless technology company’s stock worth $685,000 after acquiring an additional 885 shares during the period. Parker Financial LLC grew its position in QUALCOMM by 9.2% during the first quarter. Parker Financial LLC now owns 2,385 shares of the wireless technology company’s stock valued at $366,000 after buying an additional 201 shares during the period. Finally, Capital Advisors Wealth Management LLC grew its position in QUALCOMM by 3.2% during the first quarter. Capital Advisors Wealth Management LLC now owns 11,327 shares of the wireless technology company’s stock valued at $1,740,000 after buying an additional 355 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 0.6%

Shares of NASDAQ QCOM opened at $168.94 on Monday. The company’s 50-day simple moving average is $163.40 and its 200-day simple moving average is $155.20. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The firm has a market cap of $182.29 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

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

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is 34.33%.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several analyst reports. Citigroup restated a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Mizuho dropped their price target on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. UBS Group raised their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, Arete Research set a $200.00 price target on shares of QUALCOMM in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $183.27.

Insiders Place Their Bets

In other news, 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 transaction, the chief accounting officer directly owned 203 shares of the company’s stock, valued at approximately $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Neil Martin sold 791 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,102 shares of company stock valued at $27,706,855. 0.08% of the stock is owned by company insiders.

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.