Qualcomm Incorporated $QCOM Stock: Axxcess Wealth Management LLC Reduces Stake

Key Points

• Axxcess Wealth Management cut its Qualcomm stake by 27.4% in the third quarter, selling 7,718 shares and retaining 20,401 shares worth approximately $3.755 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm’s shares opened at $172.83, below their 50-day and 200-day moving averages. The company’s latest quarterly results slightly missed EPS expectations, while revenue rose above estimates but declined 4% year over year.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to $3.68 annually and a 2.1% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $205.83.

Axxcess Wealth Management LLC decreased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 27.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,401 shares of the wireless technology company's stock after selling 7,718 shares during the quarter. Axxcess Wealth Management LLC's holdings in Qualcomm were worth $3,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its position in Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock valued at $295,000 after purchasing an additional 53 shares during the period. Wall Street Financial Group Inc. boosted its holdings in Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock worth $564,000 after purchasing an additional 57 shares during the last quarter. Sunbeam Capital Management LLC grew its position in Qualcomm by 3.7% in the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock worth $303,000 after purchasing an additional 58 shares during the period. Basepoint Wealth LLC grew its position in Qualcomm by 1.8% in the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock worth $429,000 after purchasing an additional 59 shares during the period. Finally, Five Oceans Advisors grew its position in Qualcomm by 3.3% in the 2nd quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company's stock worth $338,000 after purchasing an additional 59 shares during the period. Institutional investors own 74.35% of the company's stock.

Qualcomm Stock Down 2.9%

NASDAQ QCOM opened at $172.83 on Friday. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $184.55 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 4.00 and a beta of 1.65. The stock's 50-day moving average price is $175.97 and its 200-day moving average price is $181.04.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same period last year, the company earned $2.77 EPS. The business's revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities research analysts predict that Qualcomm Incorporated will post 7.71 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. Qualcomm's dividend payout ratio is presently 42.59%.

Insider Activity at Qualcomm

In related news, CAO Patricia Y. Grech sold 625 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the sale, the chief accounting officer 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 sale was disclosed in a document filed with the SEC, 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 on Friday, September 11th. The shares were sold at an average price of $182.85, for a total transaction of $457,125.00. Following the sale, the executive vice president directly owned 18,184 shares in the company, valued at approximately $3,324,944.40. The trade was a 12.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,458 shares of company stock valued at $6,198,144 in the last 90 days. 0.05% of the stock is currently owned by insiders.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: An analyst upgrade and a higher $200 price target provide a favorable valuation signal and suggest potential upside from recent levels. Qualcomm Stock Jumps on Analyst Upgrade
• Positive Sentiment: Qualcomm reported approximately $141.5 million in net ETF buying on Tuesday, indicating some institutional demand for QCOM shares. Qualcomm Sees Net ETF Buying
• Positive Sentiment: The company declared a quarterly dividend of $0.92 per share, or $3.68 annualized, supporting Qualcomm’s income appeal. The dividend is payable December 17 to shareholders of record December 3. Qualcomm Announces Quarterly Cash Dividend
• Neutral Sentiment: Qualcomm will release fourth-quarter and fiscal 2026 results after the market closes on November 4. The announcement gives investors a near-term catalyst, with guidance and management commentary likely to determine the next major move. Qualcomm Schedules Fiscal 2026 Earnings Release
• Neutral Sentiment: Qualcomm’s automotive growth is being offset by pressure on handset earnings, leaving investors focused on whether newer businesses can reduce dependence on smartphones.
• Negative Sentiment: Recent comparisons show Intel generating higher revenue across the reported quarterly periods, while Qualcomm’s sales have fluctuated and declined sequentially. Intel vs. Qualcomm: A Widening Gap in Revenue
• Negative Sentiment: An executive sold 2,500 shares worth approximately $437,650 under a pre-arranged Rule 10b5-1 plan. While routine insider selling is not necessarily bearish, it adds modest sentiment pressure.

Wall Street Analyst Weigh In

A number of research firms have weighed in on QCOM. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a report on Monday, September 21st. Royal Bank Of Canada boosted their price target on Qualcomm from $160.00 to $180.00 and gave the company a "sector perform" rating in a research note on Wednesday, September 9th. Susquehanna boosted their price target on Qualcomm from $160.00 to $185.00 and gave the company a "neutral" rating in a research note on Wednesday. Cantor Fitzgerald reduced their price target on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a research report on Monday, July 27th. Finally, Zacks Research cut shares of Qualcomm from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $205.83.

Qualcomm Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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