Gradient Investments LLC Cuts Stock Position in Qualcomm Incorporated $QCOM

Key Points

• Gradient Investments cut its Qualcomm position by 97.7% in the second quarter, selling 83,668 shares and retaining 1,942 shares valued at approximately $359,000. Institutional investors collectively own 74.35% of QCOM.
• Analyst sentiment is mixed, with Qualcomm holding a consensus “Hold” rating and an average price target of $203.63; recent actions included a price-target reduction from Royal Bank of Canada and a downgrade from Craig Hallum.
• Qualcomm’s latest quarterly revenue of $9.95 billion exceeded expectations, but earnings per share slightly missed estimates and declined year over year. The company also declared a quarterly dividend of $0.92 per share, representing a 2.3% yield.

Gradient Investments LLC lessened its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 97.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,942 shares of the wireless technology company's stock after selling 83,668 shares during the quarter. Gradient Investments LLC's holdings in Qualcomm were worth $359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QCOM. Basepoint Wealth LLC increased its position in shares of Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock worth $429,000 after purchasing an additional 59 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in shares of Qualcomm by 0.5% during the 1st quarter. Modern Wealth Management LLC now owns 13,704 shares of the wireless technology company's stock valued at $1,744,000 after purchasing an additional 64 shares during the last quarter. Dakota Community Bank & Trust NA boosted its position in shares of Qualcomm by 3.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company's stock worth $316,000 after purchasing an additional 65 shares in the last quarter. S.A. Mason LLC boosted its position in shares of Qualcomm by 5.9% in the 4th quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company's stock worth $204,000 after purchasing an additional 66 shares in the last quarter. Finally, Marion Wealth Management grew its stake in Qualcomm by 4.5% during the 4th quarter. Marion Wealth Management now owns 1,567 shares of the wireless technology company's stock worth $244,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on QCOM shares. Robert W. Baird set a $400.00 target price on Qualcomm in a research report on Thursday, July 30th. Royal Bank Of Canada lowered their price target on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating for the company in a report on Thursday, July 30th. Raymond James Financial assumed coverage on Qualcomm in a research note on Thursday, June 25th. They set a "strong-buy" rating on the stock. HSBC restated a "hold" rating on shares of Qualcomm in a report on Wednesday, July 15th. Finally, Craig Hallum lowered shares of Qualcomm from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, Qualcomm currently has a consensus rating of "Hold" and an average target price of $203.63.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction 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 sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,029 shares of company stock worth $1,583,195 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

Qualcomm Trading Down 3.4%

Shares of NASDAQ:QCOM opened at $162.17 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The stock has a market cap of $170.32 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 15.41 and a beta of 1.65. The business has a 50-day moving average price of $188.58 and a 200-day moving average price of $167.59.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 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 analysts' expectations of $9.69 billion. During the same quarter in the prior year, the company earned $2.77 EPS. Qualcomm's quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts predict that Qualcomm Incorporated will post 7.78 EPS for the current 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 issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is 42.59%.

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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