Kestra Advisory Services LLC Sells 9,360 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Kestra Advisory Services LLC reduced its stake in QUALCOMM by 9.4%, selling 9,360 shares and leaving them with a total of 90,254 shares valued at approximately $13.86 million.
• QUALCOMM recently announced a quarterly dividend of $0.89 per share, with an annualized yield of 2.3%, set to be paid on September 25th.
• Despite some target price reductions by analysts, QUALCOMM currently holds a consensus rating of "Hold" with an average price target of $181.10.

Kestra Advisory Services LLC cut its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 9.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,254 shares of the wireless technology company's stock after selling 9,360 shares during the period. Kestra Advisory Services LLC's holdings in QUALCOMM were worth $13,864,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Transatlantique SA bought a new stake in QUALCOMM during the 4th quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC raised its position in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares in the last quarter. WFA Asset Management Corp bought a new stake in QUALCOMM during the 1st quarter valued at $27,000. Sunbeam Capital Management LLC bought a new stake in QUALCOMM during the 4th quarter valued at $29,000. Finally, Mascagni Wealth Management Inc. bought a new stake in QUALCOMM during the 4th quarter valued at $30,000. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Up 2.5%

Shares of QCOM stock opened at $158.01 on Friday. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The stock's fifty day moving average price is $155.64 and its 200 day moving average price is $153.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company has a market cap of $170.49 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the business earned $2.33 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is 34.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on QCOM shares. Susquehanna decreased their target price on QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. Piper Sandler reduced their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Bank of America reduced their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Finally, Wells Fargo & Company reduced their price target on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Eleven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, QUALCOMM currently has a consensus rating of "Hold" and a consensus price target of $181.10.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total transaction of $537,546.24. Following the transaction, the chief financial officer directly owned 46,446 shares in the company, valued at $7,490,810.88. The trade was a 6.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Neil Martin sold 791 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,390 shares of company stock worth $1,874,817 in the last ninety days. 0.08% of the stock is owned by insiders.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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