Qualcomm Incorporated $QCOM Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management reduced its Qualcomm stake by 16.8%, selling 2.03 million shares and retaining about 10.08 million shares valued at $1.86 billion. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains cautious: Qualcomm has a consensus “Hold” rating and an average price target of $203.76, while several firms recently lowered their targets to between $160 and $170.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, though adjusted EPS of $2.21 narrowly missed expectations and revenue declined 4% year over year. The company declared a quarterly dividend of $0.92 per share, representing a 2.2% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 16.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,082,880 shares of the wireless technology company's stock after selling 2,030,526 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.96% of Qualcomm worth $1,863,215,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of QCOM. Baxter Bros Inc. purchased a new position in Qualcomm during the 2nd quarter worth $17,844,000. MUFG Securities EMEA plc raised its holdings in shares of Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock valued at $7,524,000 after buying an additional 23,262 shares during the last quarter. Swedbank AB boosted its stake in shares of Qualcomm by 1.5% during the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after buying an additional 23,110 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Qualcomm by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock worth $24,578,000 after buying an additional 7,804 shares during the period. Finally, Valley Wealth Managers Inc. grew its holdings in shares of Qualcomm by 6.1% during the fourth quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock worth $6,844,000 after buying an additional 2,288 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on QCOM. Wells Fargo & Company dropped their price target on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Robert W. Baird set a $400.00 target price on Qualcomm in a research note on Thursday, July 30th. Lake Street Capital lowered Qualcomm to a "hold" rating in a report on Thursday, June 25th. Cantor Fitzgerald cut their price target on Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Finally, Susquehanna decreased their price target on Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $203.76.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $33,872.80. The trade was a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,325 shares of company stock valued at $1,925,859 in the last ninety days. Corporate insiders own 0.05% of the company's stock.

Qualcomm Trading Down 0.4%

NASDAQ:QCOM opened at $164.19 on Friday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The stock has a fifty day moving average price of $172.49 and a two-hundred day moving average price of $168.64. The stock has a market capitalization of $172.44 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 15.16 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly 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). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued 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 dividend payout ratio is currently 42.59%.

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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