Qualcomm Incorporated $QCOM Shares Sold by Gradient Investments LLC

Gradient Investments LLC cut its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 97.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,942 shares of the wireless technology company’s stock after selling 83,668 shares during the quarter. Gradient Investments LLC’s holdings in Qualcomm were worth $359,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors raised its position in Qualcomm by 14.3% during the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after acquiring an additional 8,130 shares during the period. MUFG Securities EMEA plc grew its position in shares of Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after purchasing an additional 23,262 shares during the period. Swedbank AB grew its position in shares of Qualcomm by 1.5% in the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after purchasing an additional 23,110 shares during the period. NBC Securities Inc. increased its stake in shares of Qualcomm by 47.5% during the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after purchasing an additional 6,018 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Qualcomm by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after purchasing an additional 7,804 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on QCOM shares. Freedom Capital lowered shares of Qualcomm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Evercore set a $159.00 price objective on Qualcomm in a research note on Thursday, July 30th. Barclays reissued an “underweight” rating and set a $180.00 target price on shares of Qualcomm in a report on Thursday, July 30th. Monness Crespi & Hardt raised Qualcomm to a “buy” rating in a research note on Thursday, June 25th. Finally, Daiwa Securities Group upgraded Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $203.63.

Qualcomm Price Performance

NASDAQ:QCOM opened at $162.17 on Tuesday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The stock has a market cap of $170.32 billion, a PE ratio of 18.77, a P/E/G ratio of 15.41 and a beta of 1.65. The stock has a 50 day moving average price of $188.58 and a 200 day moving average price of $167.59.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts expect that Qualcomm Incorporated will post 7.78 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm’s payout ratio is presently 42.59%.

Insider Activity

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the transaction, the executive vice president directly owned 23,184 shares of the company’s stock, valued at $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 9,029 shares of company stock valued at $1,583,195. 0.05% of the stock is currently owned by 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.