QUALCOMM Incorporated $QCOM Shares Sold by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC reduced its holdings in QUALCOMM by 4.0%, owning 85,767 shares valued at approximately $13.66 million after selling 3,568 shares.
• CEO Cristiano R. Amon sold 150,000 shares worth $24.83 million, resulting in a 50.12% decrease in his position within the company.
• QUALCOMM announced a quarterly dividend of $0.89 per share, with the payment scheduled for December 18th, representing a 2.1% yield and an annualized dividend of $3.56.

Exencial Wealth Advisors LLC decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,767 shares of the wireless technology company's stock after selling 3,568 shares during the period. Exencial Wealth Advisors LLC's holdings in QUALCOMM were worth $13,659,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC lifted its position in QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. Nuveen LLC acquired a new stake in QUALCOMM in the first quarter valued at about $529,713,000. Goldman Sachs Group Inc. lifted its position in QUALCOMM by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock valued at $1,114,403,000 after purchasing an additional 1,407,797 shares during the period. Deutsche Bank AG lifted its position in QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock valued at $1,331,170,000 after purchasing an additional 875,412 shares during the period. Finally, AQR Capital Management LLC lifted its position in QUALCOMM by 84.6% in the first quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company's stock valued at $230,444,000 after purchasing an additional 707,615 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares in the company, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the company's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the completion of the transaction, the chief financial officer owned 36,541 shares of the company's stock, valued at approximately $6,067,998.46. This trade represents a 18.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,102 shares of company stock worth $27,706,855 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $168.83 on Wednesday. The firm has a market cap of $182.17 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.43 and a beta of 1.23. The firm's 50-day simple moving average is $162.68 and its 200-day simple moving average is $154.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the business posted $2.33 EPS. The company'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. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM's dividend payout ratio is 34.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on QCOM shares. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research report on Wednesday, October 8th. Piper Sandler dropped their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, QUALCOMM has an average rating of "Moderate Buy" and a consensus price target of $182.82.

About QUALCOMM

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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