CoreCap Advisors LLC Reduces Stock Holdings in Qualcomm Incorporated $QCOM

Key Points

• CoreCap Advisors cut its Qualcomm stake by 34.6% in the second quarter, selling 3,117 shares and retaining 5,881 shares valued at approximately $1.09 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, ahead of analyst estimates, but earnings per share of $2.21 narrowly missed expectations and revenue declined 4% year over year. The company provided fourth-quarter 2026 EPS guidance of $2.05 to $2.25.
• Insiders sold 11,529 Qualcomm shares worth about $2.11 million over the past three months. Qualcomm maintained its quarterly dividend at $0.92 per share, equivalent to a 2.2% yield, while analysts’ consensus rating remained “Hold” with an average price target of $203.63.

CoreCap Advisors LLC cut its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 34.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,881 shares of the wireless technology company's stock after selling 3,117 shares during the period. CoreCap Advisors LLC's holdings in Qualcomm were worth $1,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after buying an additional 9,343 shares during the period. Revolve Wealth Partners LLC boosted its stake in Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after buying an additional 340 shares during the period. Sivia Capital Partners LLC increased its position in shares of Qualcomm by 44.3% during the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock valued at $530,000 after acquiring an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC raised its stake in shares of Qualcomm by 6.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock valued at $920,000 after acquiring an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of Qualcomm by 9.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock worth $1,083,000 after acquiring an additional 603 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the transaction, the executive vice president owned 28,184 shares of the company's stock, valued at approximately $5,972,189.60. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,529 shares of company stock worth $2,112,945 over the last three months. Insiders own 0.05% of the company's stock.

Qualcomm Price Performance

QCOM stock opened at $167.86 on Friday. The business's 50-day moving average is $189.92 and its two-hundred day moving average is $167.48. 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 firm has a market capitalization of $176.29 billion, a P/E ratio of 19.43, a P/E/G ratio of 14.72 and a beta of 1.65. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the business earned $2.77 EPS. The firm'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. Analysts anticipate that Qualcomm Incorporated will post 7.78 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently disclosed 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. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is currently 42.59%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on QCOM shares. Argus set a $220.00 target price on Qualcomm in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $160.00 price objective on shares of Qualcomm in a research note on Thursday, April 30th. Benchmark cut their price objective on Qualcomm from $300.00 to $270.00 and set a "buy" rating on the stock in a report on Monday, July 27th. The Goldman Sachs Group set a $160.00 target price on Qualcomm in a report on Thursday, July 30th. Finally, Summit Insights raised Qualcomm from a "hold" rating to a "buy" rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $203.63.

About Qualcomm

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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source