Portside Wealth Group LLC Sells 6,984 Shares of Qualcomm Incorporated $QCOM

Key Points

• Portside Wealth Group cut its Qualcomm position by 51.6%, selling 6,984 shares and retaining 6,564 shares valued at approximately $1.21 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly EPS of $2.21, slightly below the $2.23 consensus, while revenue of $9.95 billion exceeded estimates but declined 4% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.2% yield.

Portside Wealth Group LLC decreased its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 51.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,564 shares of the wireless technology company's stock after selling 6,984 shares during the period. Portside Wealth Group LLC's holdings in Qualcomm were worth $1,213,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of QCOM. Norges Bank bought a new stake in shares of Qualcomm during the fourth quarter valued at approximately $2,591,056,000. Wellington Management Group LLP lifted its position in Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Geode Capital Management LLC lifted its position in Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Invesco Ltd. boosted its stake in Qualcomm by 28.1% during the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock worth $2,163,030,000 after buying an additional 2,771,490 shares in the last quarter. Finally, Viking Global Investors LP boosted its stake in Qualcomm by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock worth $502,125,000 after buying an additional 1,720,529 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value 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. The trade was a 8.05% decrease in their position. The sale 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 stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 11,529 shares of company stock worth $1,991,345. Insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Dbs Bank upgraded shares of Qualcomm to a "moderate buy" rating in a research note on Tuesday, July 7th. Summit Insights upgraded shares of Qualcomm from a "hold" rating to a "buy" rating in a research report on Thursday, April 30th. BNP Paribas Exane cut shares of Qualcomm to a "neutral" rating in a research note on Wednesday, April 29th. Susquehanna dropped their price target on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Finally, UBS Group cut their price target on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $203.63.

Qualcomm Stock Up 1.1%

QCOM opened at $164.79 on Friday. The firm's 50-day simple moving average is $183.72 and its 200-day simple moving average is $167.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The firm has a market cap of $173.07 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 15.00 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced 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). The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. Qualcomm's payout ratio is 42.59%.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Renewed investor interest in chip stocks following July’s sell-off is providing a favorable backdrop for Qualcomm and other semiconductor companies. The Bull Market Is Almost Back for Chip Stocks
• Positive Sentiment: Analysts and market commentary are highlighting Qualcomm’s neural-processing-unit strategy, which could benefit from increasing demand for on-device AI in smartphones, PCs and other hardware. The opportunity could help diversify the company beyond its slower-growing handset business and support a broader hardware upgrade cycle. Forget the Cloud: Qualcomm’s NPU Play May Trigger a Hardware Supercycle
• Positive Sentiment: One market view suggests investors may be underestimating Qualcomm’s potential in automotive, IoT and AI-related markets, offering a bullish counterpoint to the handset slowdown narrative. Prediction: This Chipmaker Could Be a Bigger Winner Than Investors Think
• Neutral Sentiment: Semiconductor ETF inflows remain strong, including demand for leveraged funds, which may support sector momentum. Fidelity’s warning that the chip cycle could be nearing a peak highlights the risk that speculative enthusiasm may reverse. Semiconductor Flows Stay Sticky in Leveraged Chip ETFs
• Neutral Sentiment: Qualcomm could receive additional near-term attention from a semiconductor-focused CNBC Investing Club discussion, though this is not a fundamental business development. 5 Semiconductor Stocks Jim Cramer Could Be Talking About
• Negative Sentiment: Erste Group lowered its FY2026 EPS forecast for Qualcomm to $7.71 from $7.91, signaling reduced expectations for profitability. Another analysis favored Intel over Qualcomm because of stronger projected growth and AI-PC momentum. Intel vs. Qualcomm: Which Chip Stock is the Better Buy Now?
• Negative Sentiment: Executive Vice President Akash Palkhiwala sold 2,500 shares worth approximately $408,000. Because the transaction was made under a pre-arranged Rule 10b5-1 plan, it is a limited bearish signal, but it may still weigh modestly on sentiment. Qualcomm EVP Sells 2,500 Shares

Qualcomm 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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