Fisher Asset Management LLC Sells 54,160 Shares of Qualcomm Incorporated $QCOM

Key Points

• Fisher Asset Management trimmed its Qualcomm stake by 4.6% in the fourth quarter, selling 54,160 shares and leaving it with 1,135,639 shares worth about $194.3 million.
• Insiders have also been selling: EVP Heather S. Ace and EVP Akash J. Palkhiwala both reduced their positions in recent pre-arranged Rule 10b5-1 trades, and insiders sold 19,306 shares total over the last 90 days.
• Qualcomm remains supported by analysts and shareholder returns, with an average “Hold” rating and $181.79 price target, while the company also raised its quarterly dividend to $0.92 and approved a $20 billion share buyback program.

Fisher Asset Management LLC decreased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,135,639 shares of the wireless technology company's stock after selling 54,160 shares during the period. Fisher Asset Management LLC owned approximately 0.11% of Qualcomm worth $194,251,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. raised its position in Qualcomm by 1.5% during the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company's stock valued at $686,000 after purchasing an additional 61 shares in the last quarter. Certified Advisory Corp raised its position in Qualcomm by 0.6% during the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company's stock valued at $1,678,000 after purchasing an additional 62 shares in the last quarter. ProVise Management Group LLC raised its position in Qualcomm by 2.6% during the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company's stock valued at $426,000 after purchasing an additional 64 shares in the last quarter. Baker Tilly Wealth Management LLC raised its position in Qualcomm by 1.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company's stock valued at $1,095,000 after purchasing an additional 64 shares in the last quarter. Finally, Dakota Community Bank & Trust NA raised its position in Qualcomm by 3.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company's stock valued at $316,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the transaction, the executive vice president owned 30,684 shares in the company, valued at approximately $3,999,352.56. This represents a 7.53% decrease in their position. 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. Insiders have sold a total of 19,306 shares of company stock worth $3,435,583 in the last ninety days. Corporate insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research reports. Daiwa Securities Group upgraded Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price target on the stock in a research report on Friday, May 8th. Susquehanna raised their price target on Qualcomm from $140.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Melius Research set a $220.00 price target on Qualcomm in a research report on Monday, May 18th. Rosenblatt Securities restated a "buy" rating and set a $190.00 price target on shares of Qualcomm in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $140.00 price target (down from $175.00) on shares of Qualcomm in a research report on Thursday, March 26th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Qualcomm presently has an average rating of "Hold" and an average price target of $181.79.

Qualcomm Price Performance

QCOM opened at $238.16 on Tuesday. The company has a market cap of $251.02 billion, a P/E ratio of 25.89, a P/E/G ratio of 29.50 and a beta of 1.49. The business's 50-day moving average price is $156.96 and its 200-day moving average price is $159.19. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $247.90.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities analysts expect that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a $0.92 dividend. This is an increase from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, June 4th. Qualcomm's dividend payout ratio (DPR) is presently 38.70%.

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.

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.