Keeler Thomas Management LLC cut its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 26.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,912 shares of the wireless technology company's stock after selling 5,099 shares during the quarter. Qualcomm accounts for 0.9% of Keeler Thomas Management LLC's holdings, making the stock its 28th biggest position. Keeler Thomas Management LLC's holdings in Qualcomm were worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of QCOM. Brighton Jones LLC increased its position in shares of Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Qualcomm by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after acquiring an additional 340 shares in the last quarter. Sivia Capital Partners LLC lifted its position 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 worth $530,000 after buying an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC boosted its position in Qualcomm by 6.1% during the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock valued at $920,000 after purchasing an additional 333 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its stake in shares of Qualcomm by 9.7% in the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock valued at $1,083,000 after buying an additional 603 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Qualcomm
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Qualcomm shares recently outperformed a weaker broader market as analysts focused on its data-center opportunity and potential AI-related growth ahead of the next earnings report. Investors are weighing this opportunity against margin pressure and fiscal 2027 earnings risks. Qualcomm Outperforms Broader Market Slump: Analysts Eye Data Center Growth Ahead of Q4
- Positive Sentiment: The appointment of former Motorola Devices president Sergio Buniac to lead Mobile, Compute and Personal AI could strengthen Qualcomm’s strategy across smartphones, PCs, wearables, extended reality and AI-enabled devices. His mandate also highlights the company’s effort to diversify beyond mobile chips. How Investors May Respond To QCOM Naming Sergio Buniac To Lead Mobile, Compute And Personal AI
- Positive Sentiment: Qualcomm’s recent rally—approximately 15% over one month—has revived the turnaround narrative and may attract momentum-oriented investors, though valuation and profit-taking are potential considerations. Qualcomm Just Gained 15% in a Month: Take Profits, or Buy More?
- Neutral Sentiment: CAO Patricia Grech sold 208 shares for $35,360 under a pre-arranged Rule 10b5-1 plan. The small, scheduled transaction provides limited insight into management’s current outlook. Qualcomm CAO Sells $35,360.00 in Stock
- Negative Sentiment: Nvidia’s $3.5 billion investment in rival MediaTek, combined with collaboration on AI chips, PCs and automotive products, could intensify competition in markets Qualcomm is targeting for diversification. Qualcomm Rival MediaTek Jumps After Nvidia AI Chip Deal
- Negative Sentiment: Erste Group Bank reduced its earnings estimates for Qualcomm, adding to concerns about slowing smartphone demand, higher costs, reduced iPhone modem share and execution risk as the company expands into data-center and AI markets. Erste Group Bank Reduces Earnings Estimates for Qualcomm
Insider Buying and Selling
In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. The sale was disclosed in a document filed 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 625 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at $33,872.80. This represents a 75.03% 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. Over the last three months, insiders have sold 11,533 shares of company stock valued at $1,961,219. 0.05% of the stock is owned by company insiders.
Qualcomm Price Performance
Shares of NASDAQ QCOM opened at $170.48 on Tuesday. The firm has a market cap of $179.04 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65. The business's 50 day moving average is $171.46 and its 200-day moving average is $169.06. 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 Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.
Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results 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 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 the consensus estimate of $9.69 billion. During the same quarter last year, the firm earned $2.77 earnings per share. The business'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. Equities research analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.
Qualcomm Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm's dividend payout ratio is 42.59%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on QCOM. Benchmark lowered their price target on Qualcomm from $300.00 to $270.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. Sanford C. Bernstein set a $165.00 target price on Qualcomm in a research note on Thursday, July 30th. Evercore set a $159.00 target price on Qualcomm in a report on Thursday, July 30th. Morgan Stanley dropped their price target on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Finally, Lake Street Capital cut shares of Qualcomm to a "hold" rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $203.76.
Check Out Our Latest Analysis on QCOM
Qualcomm Company Profile
(
Free Report)
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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