42,654 Qualcomm Incorporated $QCOM Shares Sold by Investment House LLC

Key Points

• Investment House LLC cut its Qualcomm stake by 36.1% in the third quarter, selling 42,654 shares and retaining 75,553 shares valued at approximately $13.9 million. Institutional investors and hedge funds collectively own 74.35% of QCOM.
• Qualcomm reported quarterly EPS of $2.21, slightly below the $2.23 consensus, while revenue of $9.95 billion exceeded estimates but declined 4% year over year. The stock opened at $172.83, down 2.9%, with a market capitalization of roughly $184.6 billion.
• The company declared a quarterly dividend of $0.92 per share, equivalent to $3.68 annually and a 2.1% yield. Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $205.83, while insiders have continued selling shares under pre-arranged trading plans.

Investment House LLC trimmed its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 36.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 75,553 shares of the wireless technology company's stock after selling 42,654 shares during the period. Investment House LLC's holdings in Qualcomm were worth $13,905,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in shares of Qualcomm in the third quarter valued at $213,000. SBI Securities Co. Ltd. lifted its stake in Qualcomm by 2.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 25,747 shares of the wireless technology company's stock worth $4,738,000 after acquiring an additional 722 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in Qualcomm by 7.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,345 shares of the wireless technology company's stock worth $616,000 after acquiring an additional 219 shares in the last quarter. Cardinal Capital Management lifted its stake in Qualcomm by 3.9% during the 3rd quarter. Cardinal Capital Management now owns 72,343 shares of the wireless technology company's stock worth $13,314,000 after acquiring an additional 2,729 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in Qualcomm by 12.3% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 119,891 shares of the wireless technology company's stock valued at $20,805,000 after acquiring an additional 13,086 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Trading Down 2.9%

QCOM opened at $172.83 on Friday. The business has a fifty day moving average price of $175.97 and a 200 day moving average price of $181.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The stock has a market capitalization of $184.55 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 4.00 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, December 3rd. Qualcomm's dividend payout ratio is presently 42.59%.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: An analyst upgrade and a higher $200 price target provide a favorable valuation signal and suggest potential upside from recent levels. Qualcomm Stock Jumps on Analyst Upgrade
• Positive Sentiment: Qualcomm reported approximately $141.5 million in net ETF buying on Tuesday, indicating some institutional demand for QCOM shares. Qualcomm Sees Net ETF Buying
• Positive Sentiment: The company declared a quarterly dividend of $0.92 per share, or $3.68 annualized, supporting Qualcomm’s income appeal. The dividend is payable December 17 to shareholders of record December 3. Qualcomm Announces Quarterly Cash Dividend
• Neutral Sentiment: Qualcomm will release fourth-quarter and fiscal 2026 results after the market closes on November 4. The announcement gives investors a near-term catalyst, with guidance and management commentary likely to determine the next major move. Qualcomm Schedules Fiscal 2026 Earnings Release
• Neutral Sentiment: Qualcomm’s automotive growth is being offset by pressure on handset earnings, leaving investors focused on whether newer businesses can reduce dependence on smartphones.
• Negative Sentiment: Recent comparisons show Intel generating higher revenue across the reported quarterly periods, while Qualcomm’s sales have fluctuated and declined sequentially. Intel vs. Qualcomm: A Widening Gap in Revenue
• Negative Sentiment: An executive sold 2,500 shares worth approximately $437,650 under a pre-arranged Rule 10b5-1 plan. While routine insider selling is not necessarily bearish, it adds modest sentiment pressure.

Analysts Set New Price Targets

QCOM has been the subject of several research reports. Barclays reaffirmed an "underweight" rating on shares of Qualcomm in a research report on Wednesday, September 9th. Robert W. Baird set a $400.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Monness Crespi & Hardt raised shares of Qualcomm to a "buy" rating in a research note on Thursday, June 25th. Lake Street Capital cut shares of Qualcomm to a "hold" rating in a report on Thursday, June 25th. Finally, UBS Group cut their target price on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Qualcomm has a consensus rating of "Hold" and a consensus price target of $205.83.

Insider Activity

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the business's stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief executive officer owned 177,568 shares in the company, valued at $35,513,600. The trade was a 5.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 208 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 33,458 shares of company stock valued at $6,198,144. 0.05% of the stock is owned by corporate insiders.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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