Lighthouse Financial Services Inc. ADV Sells 16,764 Shares of Qualcomm Incorporated $QCOM

Key Points

• Lighthouse Financial Services cut its Qualcomm stake by 82.8% in the second quarter, selling 16,764 shares and retaining 3,475 shares worth approximately $632,000.
• Analyst opinions remain mixed, with Qualcomm receiving a consensus “Hold” rating and an average price target of $203.63.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but earnings per share slightly missed expectations and revenue declined 4% year over year; the company also declared a quarterly dividend of $0.92 per share.

Lighthouse Financial Services Inc. ADV lessened its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 82.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,475 shares of the wireless technology company's stock after selling 16,764 shares during the period. Lighthouse Financial Services Inc. ADV's holdings in Qualcomm were worth $632,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Capital Investment Management Inc. acquired a new stake in shares of Qualcomm during the second quarter valued at about $275,000. Prospera Financial Services Inc grew its holdings in shares of Qualcomm by 31.4% during the second quarter. Prospera Financial Services Inc now owns 47,368 shares of the wireless technology company's stock worth $8,759,000 after purchasing an additional 11,326 shares during the last quarter. Amarillo National Bank acquired a new position in shares of Qualcomm in the second quarter valued at approximately $203,000. Syntegra Private Wealth Group LLC increased its stake in shares of Qualcomm by 4.0% in the second quarter. Syntegra Private Wealth Group LLC now owns 2,347 shares of the wireless technology company's stock valued at $434,000 after buying an additional 91 shares during the period. Finally, Waddell & Associates LLC raised its holdings in Qualcomm by 20.7% in the 2nd quarter. Waddell & Associates LLC now owns 2,417 shares of the wireless technology company's stock valued at $447,000 after buying an additional 415 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on QCOM shares. Craig Hallum downgraded shares of Qualcomm from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Dbs Bank upgraded shares of Qualcomm to a "moderate buy" rating in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $160.00 price target on shares of Qualcomm in a research note on Thursday, April 30th. Monness Crespi & Hardt upgraded shares of Qualcomm to a "buy" rating in a report on Thursday, June 25th. Finally, TD Cowen reduced their price objective on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $203.63.

Qualcomm Price Performance

Qualcomm stock opened at $165.79 on Friday. The stock's 50 day moving average is $182.72 and its 200 day moving average is $167.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market cap of $174.12 billion, a P/E ratio of 19.19, a P/E/G ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released 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 net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the company posted $2.77 EPS. 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. As a group, research analysts expect that Qualcomm Incorporated will post 7.76 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is currently 42.59%.

Insider Activity

In other news, CAO Patricia Y. Grech sold 829 shares of the 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 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, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares of the company's stock, valued at $5,372,106.40. This represents a 8.05% 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. In the last three months, insiders have sold 11,529 shares of company stock valued at $1,991,345. 0.05% of the stock is currently owned by insiders.

About Qualcomm

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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