Qualcomm Incorporated $QCOM Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors reduced its Qualcomm stake by 6% in the second quarter, selling 9,514 shares and retaining 148,610 shares valued at approximately $27.5 million. Institutional investors and hedge funds own 74.35% of Qualcomm.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $204.10. Qualcomm recently reported $2.21 in quarterly EPS, slightly below estimates, while revenue of $9.95 billion exceeded expectations but declined 4% year over year.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.1% yield. Recent insider sales totaled 9,033 shares worth about $1.47 million, conducted under pre-arranged trading plans.

NewEdge Advisors LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 6.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,610 shares of the wireless technology company's stock after selling 9,514 shares during the period. NewEdge Advisors LLC's holdings in Qualcomm were worth $27,462,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Qualcomm by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Qualcomm by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock valued at $530,000 after purchasing an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC grew its holdings in shares of Qualcomm by 6.1% during the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock worth $920,000 after buying an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of Qualcomm by 9.7% during the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock worth $1,083,000 after buying an additional 603 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

QCOM has been the subject of a number of analyst reports. Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Wells Fargo & Company decreased their target price on shares of Qualcomm from $265.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group set a $160.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Monness Crespi & Hardt upgraded Qualcomm to a "buy" rating in a report on Thursday, June 25th. Finally, Bank of America increased their price target on Qualcomm from $165.00 to $195.00 and gave the stock an "underperform" rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $204.10.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the sale, the executive vice president owned 20,684 shares of the company's stock, valued at $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,033 shares of company stock worth $1,467,844 in the last ninety days. Insiders own 0.05% of the company's stock.

Qualcomm Price Performance

QCOM opened at $176.40 on Thursday. The company's 50 day simple moving average is $168.32 and its 200 day simple moving average is $170.51. 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 1 year low of $121.99 and a 1 year high of $259.92. The stock has a market capitalization of $185.26 billion, a PE ratio of 20.42, a P/E/G ratio of 3.63 and a beta of 1.68.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts expect that Qualcomm Incorporated will post 7.74 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 issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is presently 42.59%.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon deal creates a long-term growth catalyst: Qualcomm will develop multiple generations of custom AI data-center chips and optical networking products for Amazon Web Services. The agreement could generate as much as $60 billion in purchases through 2036, giving Qualcomm a marquee hyperscale customer and validating its data-center strategy. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
• Positive Sentiment: Amazon has a financial stake in execution: Amazon received warrants to purchase up to 25 million QCOM shares at $161.26 each. Most warrants vest as AWS reaches purchasing milestones, linking Amazon’s potential ownership to actual demand for Qualcomm’s products.
• Positive Sentiment: Expansion goes beyond processors: Qualcomm will supply optical connectivity technology capable of supporting high-bandwidth data-center interconnects. The combination of custom inference silicon and networking products could increase Qualcomm’s role in Amazon’s AI infrastructure and support its target of $15 billion in annual data-center revenue by fiscal 2029. Qualcomm Announces Multi-Generational Product Collaboration with Amazon
• Positive Sentiment: Analyst support reinforces the move: Rosenblatt Securities reaffirmed its buy rating and set a $235 price target. Commentators said the Amazon relationship gives the previously range-bound stock a clearer growth narrative, while some investors believe QCOM’s valuation remains below that of other custom data-center chip suppliers.
• Neutral Sentiment: Revenue benefits are several quarters away: Qualcomm says the jointly developed processors are already in production, with initial revenue expected in fiscal first-quarter 2027. Investors will likely focus on shipment timing, AWS adoption and subsequent purchasing milestones.
• Negative Sentiment: Execution and dilution remain risks: The $60 billion purchasing potential spans a decade and is not guaranteed. Full vesting of the warrants could dilute existing shareholders by roughly 2.2%. Qualcomm also recently reported declining year-over-year revenue and a drop in handset processor sales, leaving the company exposed if data-center growth takes longer than expected.

About Qualcomm

Qualcomm Incorporated NASDAQ: QCOM is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.

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