Elevation Point Wealth Partners LLC Sells 7,330 Shares of Qualcomm Incorporated $QCOM

Elevation Point Wealth Partners LLC cut its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 28.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,695 shares of the wireless technology company’s stock after selling 7,330 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Qualcomm were worth $3,110,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its position 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 valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after purchasing an additional 1,020 shares in the last quarter. CFO4Life Group LLC increased its position in shares of Qualcomm by 9.6% during the 2nd quarter. CFO4Life Group LLC now owns 4,439 shares of the wireless technology company’s stock worth $707,000 after purchasing an additional 390 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Qualcomm by 6.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 269,092 shares of the wireless technology company’s stock worth $42,856,000 after purchasing an additional 16,164 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Trading Down 1.0%

Shares of Qualcomm stock opened at $129.82 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The business has a fifty day simple moving average of $149.54 and a two-hundred day simple moving average of $162.36. Qualcomm Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The company has a market capitalization of $138.52 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 6.48 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last posted its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. During the same quarter in the prior year, the business earned $3.41 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Research analysts forecast that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a yield of 2.7%. Qualcomm’s dividend payout ratio is currently 73.55%.

Analyst Ratings Changes

Several equities analysts recently weighed in on QCOM shares. Wall Street Zen cut shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. dropped their price target on shares of Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Evercore decreased their price objective on shares of Qualcomm from $157.00 to $134.00 and set an “in-line” rating for the company in a research report on Thursday, February 5th. Argus lowered their price objective on shares of Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Qualcomm in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $168.00.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the sale, the executive vice president owned 26,071 shares of the company’s stock, valued at $4,640,898.71. The trade was a 37.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 45,501 shares of company stock worth $7,784,198. 0.05% of the stock is owned by company insiders.

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.