HighTower Advisors LLC Cuts Holdings in Qualcomm Incorporated $QCOM

Key Points

• HighTower Advisors cut its Qualcomm stake by 43.5% in the second quarter, selling 532,092 shares and retaining 691,801 shares valued at approximately $127.8 million. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Qualcomm’s latest quarterly results showed a slight earnings miss, with EPS of $2.21 versus $2.23 expected, while revenue of $9.95 billion exceeded estimates but declined 4% year over year.
• The company declared a quarterly dividend of $0.92 per share, equal to a 2.2% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.76, above the stock’s reported $168.74 price.

HighTower Advisors LLC lowered its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 43.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 691,801 shares of the wireless technology company's stock after selling 532,092 shares during the quarter. HighTower Advisors LLC owned 0.07% of Qualcomm worth $127,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Brighton Jones LLC boosted its position in shares of Qualcomm by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after buying an additional 9,343 shares during the period. Revolve Wealth Partners LLC grew its stake in Qualcomm by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Qualcomm by 44.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock valued at $530,000 after purchasing an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in Qualcomm by 6.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock worth $920,000 after purchasing an additional 333 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in Qualcomm by 9.7% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock worth $1,083,000 after purchasing an additional 603 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Stock Performance

Qualcomm stock opened at $168.74 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a fifty day moving average price of $169.05 and a two-hundred day moving average price of $169.86. The company has a market cap of $177.22 billion, a PE ratio of 19.53, a P/E/G ratio of 3.52 and a beta of 1.68.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the company posted $2.77 earnings per share. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts expect that Qualcomm Incorporated will post 7.74 earnings per share 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 issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

Analyst Ratings Changes

QCOM has been the subject of several research analyst reports. Guggenheim set a $200.00 target price on Qualcomm in a research note on Monday, June 22nd. Melius Research set a $220.00 price objective on shares of Qualcomm in a research note on Monday, May 18th. Mizuho raised their price objective on shares of Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Oppenheimer set a $200.00 target price on shares of Qualcomm in a research report on Monday, July 27th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Qualcomm in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $203.76.

Insiders Place Their Bets

In other Qualcomm news, EVP Akash Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the transaction, the executive vice president directly owned 23,184 shares in the company, valued at $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Grech sold 625 shares of the company's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares of the company's stock, valued at $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,533 shares of company stock valued at $1,961,219 over the last quarter. Insiders own 0.05% of the company's stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is backing a $70 million funding round for Ultrahuman, supporting development of smart rings powered by Qualcomm chips. The devices are expected to run on-device AI, software and gesture-control functions, expanding Qualcomm’s reach beyond smartphones into advanced wearables. Why Is Qualcomm Backing a $70 Million Bet on Smart Rings?
• Positive Sentiment: Qualcomm raised its quarterly dividend by 3.4% to $0.92 per share, representing roughly $983 million in shareholder distributions and reinforcing its appeal to income-focused investors. Qualcomm Raises Quarterly Dividend
• Positive Sentiment: One Wall Street analyst sees substantial upside after Qualcomm’s steep three-month decline, while other valuation commentary describes the stock as inexpensive on earnings-based measures. The bullish case centers on growth in automotive, AI, data centers and edge computing. Qualcomm Analyst Sees 140% Upside
• Neutral Sentiment: Qualcomm benefited modestly from a broader rebound in beaten-down AI semiconductor stocks, although the move was less pronounced than in some peers such as Marvell. Marvell Rises as AI Silicon Rebounds
• Negative Sentiment: Recent analysis warns that Qualcomm’s long-term AI and automotive ambitions must overcome a near-term smartphone reality check, including potential pressure from Apple’s modem transition. Japan robotics investments offer diversification but could weigh on margins while estimates remain under pressure. Qualcomm Japan Robotics and Edge AI Analysis
• Negative Sentiment: Reports of insider selling recently pressured sentiment, highlighting investor caution after Qualcomm’s extended decline and amid uncertainty over its earnings outlook. Qualcomm Trading Down After Insider Selling

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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