Aaron Wealth Advisors LLC Sells 12,505 Shares of Qualcomm Incorporated $QCOM

Key Points

• Aaron Wealth Advisors LLC cut its Qualcomm stake by 53.1% in the first quarter, selling 12,505 shares and leaving it with 11,054 shares valued at about $1.42 million.
• Several Qualcomm insiders also sold stock recently, including EVP Akash J. Palkhiwala and EVP Heather S. Ace, with insiders selling 21,806 shares worth about $3.93 million over the last 90 days.
• Analysts have become more bullish on Qualcomm, with multiple firms raising price targets and Barclays upgrading the stock, though the overall consensus remains Hold with a target price of $218.03.

Aaron Wealth Advisors LLC lowered its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 53.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 11,054 shares of the wireless technology company's stock after selling 12,505 shares during the period. Aaron Wealth Advisors LLC's holdings in Qualcomm were worth $1,424,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Richardson Financial Services Inc. boosted its stake in Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC acquired a new stake in shares of Qualcomm in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after buying an additional 170 shares during the period. Birchwood Financial Partners Inc. bought a new position in shares of Qualcomm in the 4th quarter valued at $31,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in shares of Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after purchasing an additional 101 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $197.35, for a total transaction of $493,375.00. Following the transaction, the executive vice president owned 25,684 shares of the company's stock, valued at approximately $5,068,737.40. This represents a 8.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the transaction, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% 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. Insiders have sold a total of 21,806 shares of company stock valued at $3,928,958 over the last 90 days. 0.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group raised their price objective on Qualcomm from $170.00 to $235.00 and gave the stock a "neutral" rating in a research report on Thursday. Royal Bank Of Canada boosted their price target on Qualcomm from $175.00 to $250.00 and gave the company a "sector perform" rating in a research note on Thursday. Benchmark increased their price objective on shares of Qualcomm from $225.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays upgraded Qualcomm from an "underweight" rating to an "overweight" rating in a research note on Thursday. Finally, Cantor Fitzgerald set a $220.00 price objective on Qualcomm and gave the stock a "neutral" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $218.03.

Qualcomm Stock Performance

Shares of QCOM opened at $189.39 on Friday. The company has a 50-day simple moving average of $201.08 and a two-hundred day simple moving average of $167.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The firm has a market capitalization of $199.62 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 25.46 and a beta of 1.59. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts anticipate that Qualcomm Incorporated will post 7.97 EPS for the current fiscal year.

Qualcomm declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.92 per share. This is an increase from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, June 4th. Qualcomm's payout ratio is presently 40.00%.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion from $22 billion and said its data center business could exceed $15 billion by 2029, reinforcing the company’s push beyond smartphone chips.
• Positive Sentiment: The company said Meta and Microsoft are early customers for its data center CPUs, giving investors outside validation for Qualcomm’s AI infrastructure strategy and helping the market see a clearer growth path.
• Positive Sentiment: Analysts turned more bullish after the update, with multiple firms raising price targets and DZ Bank upgrading Qualcomm from hold to buy, suggesting Wall Street is warming to the diversification story.
• Positive Sentiment: Qualcomm also announced a $3.9 billion acquisition of Modular, which should strengthen its AI software stack and improve its ability to compete in cloud and edge AI workloads.
• Neutral Sentiment: Commentary pieces from outlets like Seeking Alpha and 247WallSt argue the market may still be misunderstanding Qualcomm’s AI pivot, but these are opinion-driven and less directly market-moving.
• Negative Sentiment: Despite the upbeat guidance, investors may still worry that much of the promised AI chip revenue is years away and that execution risk remains high, especially as Qualcomm transitions away from its handset-heavy mix.

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.

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