Envestnet Asset Management Inc. Sells 830,942 Shares of Qualcomm Incorporated $QCOM

Key Points

• Envestnet Asset Management reduced its Qualcomm stake by 33.1%, selling 830,942 shares and retaining 1.68 million shares worth approximately $310.7 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm is expanding beyond smartphones through new on-device AI processors, the planned PickNik Robotics acquisition and optical-interconnect and data-center chip initiatives. However, analysts remain cautious, with a consensus “Hold” rating and an average price target near $204.
• Qualcomm reported $9.95 billion in quarterly revenue, up from estimates but down 4% year over year, while earnings per share slightly missed expectations. The company maintains a quarterly dividend of $0.92 per share, a 1.9% yield, but faces risks from weaker smartphone demand, higher memory costs and the potential loss of some Apple modem business.

Envestnet Asset Management Inc. decreased its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 33.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,681,400 shares of the wireless technology company's stock after selling 830,942 shares during the quarter. Envestnet Asset Management Inc. owned 0.16% of Qualcomm worth $310,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QCOM. Caitong International Asset Management Co. Ltd increased its stake in 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 during the last quarter. ABS Investment Management LLC bought a new stake in Qualcomm during the second quarter worth $34,000. ABS Direct Equity Fund LLC bought a new stake in Qualcomm during the second quarter worth $34,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Qualcomm in the 4th quarter valued at $32,000. Finally, Your Advocates Ltd. LLP bought a new position in shares of Qualcomm in the 1st quarter valued at $26,000. Institutional investors own 74.35% of the company's stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm launched the Snapdragon 8 Elite Gen 6 and 8 Elite Extreme Gen 6, 2-nanometer flagship processors designed to run more agentic-AI workloads directly on smartphones. The chips could support premium pricing, improved performance and greater adoption of on-device AI. Qualcomm launches two new smartphone chips with emphasis on AI
• Positive Sentiment: The planned acquisition of PickNik Robotics would add MoveIt, an open-source robotic motion-planning platform, to Qualcomm’s Dragonwing and other physical-AI initiatives. Investors view the deal as a way to diversify revenue into industrial automation and build a software ecosystem around Qualcomm hardware. Qualcomm strengthens physical AI push with PickNik Robotics acquisition
• Positive Sentiment: Qualcomm’s optical-interconnect demonstration with Lumentum and Corning, along with two custom data-center chip programs expected to generate revenue in the December quarter, is strengthening the long-term growth narrative beyond mobile devices. Recent analyst commentary has highlighted AI-related gains and the stock’s strong momentum. Qualcomm AI interconnect demonstration
• Neutral Sentiment: Analysts see strategic progress but remain cautious: the average price target is approximately $204 and the consensus rating is Hold, suggesting much of the AI optimism may already be reflected in the shares. Qualcomm’s dividend and sizable buyback authorization provide shareholder support. Chips to Bots: Qualcomm’s Agentic AI Breakout
• Negative Sentiment: Risks include contracting smartphone demand, elevated memory costs and the eventual loss of some Apple modem business. Qualcomm CEO Cristiano Amon also sold 10,000 shares for $1.95 million under a pre-arranged Rule 10b5-1 plan; the scheduled transaction is a modest negative signal but does not necessarily indicate a change in his outlook.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction on Friday, September 11th. The shares were sold at an average price of $182.85, for a total value of $457,125.00. Following the completion of the sale, the executive vice president directly owned 18,184 shares of the company's stock, valued at approximately $3,324,944.40. The trade was a 12.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 208 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 21,533 shares of company stock worth $3,874,969. 0.05% of the stock is owned by insiders.

Qualcomm Price Performance

Shares of QCOM opened at $197.24 on Thursday. The business has a 50-day moving average of $169.10 and a 200-day moving average of $173.68. 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 company has a market capitalization of $207.15 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 4.13 and a beta of 1.68. 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 posted its quarterly earnings data 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 return on equity of 38.36% and a net margin of 21.01%.The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter last year, the company earned $2.77 earnings per share. The company's quarterly 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. As a group, equities research analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 1.9%. Qualcomm's dividend payout ratio (DPR) is 42.59%.

Analysts Set New Price Targets

A number of research analysts have issued reports on QCOM shares. Lake Street Capital cut Qualcomm to a "hold" rating in a research report on Thursday, June 25th. Royal Bank Of Canada raised their price target on shares of Qualcomm from $160.00 to $180.00 and gave the company a "sector perform" rating in a research note on Wednesday, September 9th. Guggenheim set a $200.00 price target on shares of Qualcomm in a report on Monday, June 22nd. Benchmark lowered their price objective on shares of Qualcomm from $300.00 to $270.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Finally, KeyCorp reissued a "sector weight" rating on shares of Qualcomm in a research note on Wednesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $204.10.

About Qualcomm

Qualcomm Incorporated NASDAQ: QCOM is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.

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