Equitable Holdings Inc. Sells 7,829 Shares of Qualcomm Incorporated $QCOM

Equitable Holdings Inc. cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 16.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,944 shares of the wireless technology company's stock after selling 7,829 shares during the period. Equitable Holdings Inc.'s holdings in Qualcomm were worth $7,566,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Qualcomm during the 2nd quarter valued at $17,583,115,000. Geode Capital Management LLC increased its position in Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP raised its position in Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Norges Bank bought a new stake in shares of Qualcomm in the 4th quarter worth about $2,591,056,000. Finally, Amundi lifted its stake in Qualcomm by 9.9% in the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock worth $2,136,486,000 after purchasing an additional 1,138,541 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on QCOM. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $160.00 price objective on shares of Qualcomm in a research report on Thursday, April 30th. Oppenheimer set a $200.00 target price on Qualcomm in a research note on Monday, July 27th. Benchmark dropped their price objective on shares of Qualcomm from $300.00 to $270.00 and set a "buy" rating on the stock in a report on Monday, July 27th. Susquehanna dropped their price objective on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Finally, Citigroup reduced their price target on Qualcomm from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $203.76.

Qualcomm Stock Up 0.6%

Qualcomm stock opened at $164.78 on Friday. The stock's fifty day moving average is $173.73 and its two-hundred day moving average is $168.67. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. 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 has a market cap of $173.06 billion, a PE ratio of 19.07, a P/E/G ratio of 15.11 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its 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). 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 company earned $2.77 earnings per share. The firm's revenue for the quarter 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 Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

Insiders Place Their Bets

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the transaction, the executive vice president directly owned 20,684 shares of the company's stock, valued at $3,376,869.84. The trade was a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. 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 ninety days, insiders have sold 11,325 shares of company stock worth $1,925,859. 0.05% of the stock is owned by corporate 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.

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