Qualcomm Incorporated $QCOM Shares Sold by HORAN Wealth LLC

Key Points

• HORAN Wealth LLC cut its Qualcomm stake by 96.9% in the second quarter, selling 73,073 shares and retaining 2,373 shares valued at approximately $439,000.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding expectations, but earnings of $2.21 per share fell slightly short of estimates; revenue declined 4% year over year.
• The company declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.2% yield. Analysts maintain an average “Hold” rating with a consensus price target of $203.76.

HORAN Wealth LLC decreased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 96.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,373 shares of the wireless technology company's stock after selling 73,073 shares during the quarter. HORAN Wealth LLC's holdings in Qualcomm were worth $439,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Amundi lifted its stake in Qualcomm by 94.1% in the 2nd quarter. Amundi now owns 10,195,741 shares of the wireless technology company's stock worth $1,884,071,000 after purchasing an additional 4,942,908 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Qualcomm in the second quarter valued at approximately $23,723,000. California State Teachers Retirement System increased its holdings in shares of Qualcomm by 18,251.8% in the second quarter. California State Teachers Retirement System now owns 301,278,659 shares of the wireless technology company's stock valued at $55,673,283,000 after purchasing an additional 299,636,973 shares during the last quarter. Trans Canada Capital Inc. acquired a new stake in shares of Qualcomm in the second quarter valued at approximately $22,719,000. Finally, Ameritas Advisory Services LLC lifted its position in Qualcomm by 14.2% during the second quarter. Ameritas Advisory Services LLC now owns 13,861 shares of the wireless technology company's stock worth $2,561,000 after buying an additional 1,722 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $168.74 on Tuesday. The company has a market capitalization of $177.22 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 3.52 and a beta of 1.68. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The business has a 50-day moving average price of $168.65 and a 200 day moving average price of $170.04. 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 (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. During the same period last year, the business earned $2.77 EPS. The company's quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

Analyst Ratings Changes

A number of equities analysts have weighed in on QCOM shares. Barclays reissued an "underweight" rating and set a $180.00 price objective on shares of Qualcomm in a research note on Thursday, July 30th. Lake Street Capital cut shares of Qualcomm to a "hold" rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. upped their price objective on shares of Qualcomm from $160.00 to $265.00 and gave the company a "neutral" rating in a report on Friday, June 5th. Dbs Bank upgraded shares of Qualcomm to a "moderate buy" rating in a research report on Tuesday, July 7th. Finally, Monness Crespi & Hardt raised shares of Qualcomm to a "buy" rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Qualcomm has an average rating of "Hold" and an average price target of $203.76.

Insider Activity at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the transaction, the executive vice president directly owned 20,684 shares in the company, valued at $3,376,869.84. This trade represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 208 shares of Qualcomm stock in a transaction on Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,533 shares of company stock worth $1,961,219. Insiders own 0.05% of the company's stock.

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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