Qualcomm Incorporated $QCOM Stock Position Lowered by Avior Wealth Management LLC

Key Points

• Avior Wealth Management reduced its Qualcomm position by 29% in the second quarter, selling 4,600 shares and retaining 11,260 shares valued at approximately $2.08 million. Institutional investors collectively own 74.35% of QCOM.
• Qualcomm’s latest quarter included $9.95 billion in revenue, ahead of estimates, but earnings of $2.21 per share slightly missed expectations and revenue declined 4% year over year. The company declared a quarterly dividend of $0.92 per share, representing a 2.3% annualized yield.
• Analyst sentiment remains cautious, with Qualcomm carrying a consensus “Hold” rating and an average price target of $203.63; recent target changes ranged from $159 to $220. Insiders have sold $2.11 million of company stock over the past 90 days.

Avior Wealth Management LLC decreased its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 29.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,260 shares of the wireless technology company's stock after selling 4,600 shares during the quarter. Avior Wealth Management LLC's holdings in Qualcomm were worth $2,081,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Richardson Financial Services Inc. raised its position in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Torren Management LLC acquired a new stake in Qualcomm in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after purchasing an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of Qualcomm during the 4th quarter valued at about $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of Qualcomm in the 4th quarter worth approximately $32,000. Institutional investors own 74.35% of the company's stock.

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the completion of the sale, the executive vice president directly owned 28,184 shares in the company, valued at approximately $5,972,189.60. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,529 shares of company stock worth $2,112,945 in the last ninety days. Corporate insiders own 0.05% of the company's stock.

Qualcomm Price Performance

Shares of QCOM opened at $160.39 on Friday. The business's 50-day moving average is $191.58 and its 200-day moving average is $167.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The company has a market capitalization of $168.45 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 14.46 and a beta of 1.65. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS 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 analyst estimates of $9.69 billion. During the same quarter in the prior year, the business posted $2.77 earnings per share. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts expect that Qualcomm Incorporated will post 7.78 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid 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 2.3%. Qualcomm's dividend payout ratio (DPR) is 42.59%.

Analysts Set New Price Targets

QCOM has been the topic of a number of research reports. Mizuho boosted their target price on shares of Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Evercore set a $159.00 target price on shares of Qualcomm in a report on Thursday, July 30th. Susquehanna dropped their price target on Qualcomm from $190.00 to $160.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Morgan Stanley cut their price objective on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Finally, TD Cowen reduced their price objective on Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $203.63.

Qualcomm Company Profile

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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source