HORAN Wealth LLC Cuts Stake in Qualcomm Incorporated $QCOM

HORAN Wealth LLC cut its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 96.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,373 shares of the wireless technology company’s stock after selling 73,073 shares during the quarter. HORAN Wealth LLC’s holdings in Qualcomm were worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QCOM. Your Advocates Ltd. LLP purchased a new stake in shares of Qualcomm during the first quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new position in Qualcomm in the fourth quarter valued at $31,000. Commonwealth Retirement Investments LLC purchased a new position in Qualcomm in the fourth quarter valued at $32,000. Finally, ABS Investment Management LLC acquired a new position in Qualcomm during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on QCOM shares. Cantor Fitzgerald cut their price target on Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Rosenblatt Securities decreased their price objective on Qualcomm from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Melius Research set a $220.00 price objective on Qualcomm in a research report on Monday, May 18th. HSBC restated a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Finally, Lake Street Capital cut shares of Qualcomm to a “hold” rating in a report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $203.76.

Qualcomm Price Performance

Qualcomm stock opened at $168.74 on Tuesday. The stock has a market cap of $177.22 billion, a PE ratio of 19.53, a P/E/G ratio of 3.52 and a beta of 1.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock’s fifty day moving average is $168.65 and its two-hundred day moving average is $170.04. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the company posted $2.77 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.

Insider Transactions at Qualcomm

In related news, CAO Patricia Y. Grech sold 208 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the transaction, the executive vice president owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This represents a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,533 shares of company stock worth $1,961,219. 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.