Evolve Private Wealth LLC Sells 6,822 Shares of Qualcomm Incorporated $QCOM

Key Points

• Evolve Private Wealth LLC cut its Qualcomm position by 26% in the second quarter, selling 6,822 shares and retaining 19,441 shares valued at $3.59 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm insiders sold 11,325 shares worth approximately $1.93 million over the past 90 days, including transactions by executives conducted under pre-arranged Rule 10b5-1 plans.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and a $203.63 price target. Qualcomm recently reported $9.95 billion in quarterly revenue, though EPS slightly missed estimates, and announced a quarterly dividend of $0.92 per share.

Evolve Private Wealth LLC reduced its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 26.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,441 shares of the wireless technology company's stock after selling 6,822 shares during the period. Evolve Private Wealth LLC's holdings in Qualcomm were worth $3,592,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. JFS Wealth Advisors LLC increased its holdings in shares of Qualcomm by 3.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock worth $295,000 after purchasing an additional 53 shares during the period. Wall Street Financial Group Inc. lifted its position in Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock worth $564,000 after purchasing an additional 57 shares during the period. Sunbeam Capital Management LLC boosted its position in shares of Qualcomm by 3.7% during the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock valued at $303,000 after acquiring an additional 58 shares in the last quarter. Basepoint Wealth LLC boosted its holdings in Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock valued at $429,000 after purchasing an additional 59 shares in the last quarter. Finally, Five Oceans Advisors grew its position in Qualcomm by 3.3% in the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company's stock valued at $338,000 after acquiring an additional 59 shares during the period. Institutional investors own 74.35% of the company's stock.

Insider Activity

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the transaction, the chief accounting officer directly owned 208 shares of the company's stock, valued at $33,872.80. The trade was a 75.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the 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 sale, the executive vice president directly owned 20,684 shares in the company, valued at approximately $3,376,869.84. This trade represents a 10.78% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 11,325 shares of company stock worth $1,925,859. Corporate insiders own 0.05% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on QCOM. DZ Bank raised shares of Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price objective on the stock in a research note on Friday, June 26th. Roth Capital started coverage on shares of Qualcomm in a research report on Friday, May 8th. They set a "buy" rating on the stock. Melius Research set a $220.00 price target on Qualcomm in a research report on Monday, May 18th. HSBC reaffirmed a "hold" rating on shares of Qualcomm in a research note on Wednesday, July 15th. Finally, Summit Insights upgraded Qualcomm from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $203.63.

Qualcomm Price Performance

QCOM stock opened at $160.75 on Monday. The business's 50 day simple moving average is $178.26 and its 200 day simple moving average is $168.12. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The firm has a market capitalization of $168.82 billion, a PE ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) 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 company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter last year, the business earned $2.77 earnings per share. The company's revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is presently 42.59%.

Qualcomm 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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