TD Waterhouse Canada Inc. Decreases Position in Qualcomm Incorporated $QCOM

Key Points

• TD Waterhouse Canada reduced its Qualcomm position by 10.5% in the second quarter, selling 80,642 shares and retaining 686,147 shares valued at approximately $124.9 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm’s latest quarter showed mixed results: revenue of $9.95 billion exceeded estimates, but adjusted EPS of $2.21 fell short and revenue declined 4% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $203.76.
• Qualcomm raised its quarterly dividend 3.4% to $0.92 per share, equivalent to an annualized payout of $3.68 and a yield of about 2.2%. The company is also pursuing growth in areas such as robotics, edge AI, smart rings and advanced mobile gaming technology.

TD Waterhouse Canada Inc. lessened its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 686,147 shares of the wireless technology company's stock after selling 80,642 shares during the period. TD Waterhouse Canada Inc. owned about 0.07% of Qualcomm worth $124,882,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Premier Path Wealth Partners LLC increased its position in shares of Qualcomm by 9.1% during the second quarter. Premier Path Wealth Partners LLC now owns 6,120 shares of the wireless technology company's stock valued at $1,131,000 after acquiring an additional 512 shares in the last quarter. Lakeshore Financial Planning Inc. purchased a new stake in shares of Qualcomm during the second quarter valued at $268,000. NEOS Investment Management LLC boosted its holdings in shares of Qualcomm by 8.5% during the 2nd quarter. NEOS Investment Management LLC now owns 797,157 shares of the wireless technology company's stock valued at $147,307,000 after acquiring an additional 62,629 shares during the last quarter. High Net Worth Advisory Group LLC grew its position in Qualcomm by 1.8% in the 2nd quarter. High Net Worth Advisory Group LLC now owns 4,044 shares of the wireless technology company's stock worth $747,000 after purchasing an additional 70 shares during the period. Finally, iSAM Funds UK Ltd bought a new stake in Qualcomm in the 2nd quarter worth approximately $480,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Dividend increased: Qualcomm raised its quarterly dividend 3.4% to $0.92 per share, signaling confidence in cash generation and offering an approximately $3.68 annualized payout. The company is expected to distribute about $983 million in the latest payment. Qualcomm Raises Quarterly Dividend 3.4% to $0.92 a Share
• Positive Sentiment: Smart-ring investment expands Qualcomm’s opportunity: Qualcomm’s venture arm participated in Ultrahuman’s $70 million funding round. Ultrahuman plans to develop software-capable smart rings with applications spanning health tracking, artificial intelligence and gaming, potentially creating additional demand for Qualcomm technology beyond smartphones. Qualcomm backs Ultrahuman in $70M round
• Positive Sentiment: Gaming and AI capabilities strengthened: Qualcomm unveiled Adreno Neural Fusion, a technology intended to improve mobile gaming graphics and AI performance. Reports indicate the next Snapdragon flagship platform will include Qualcomm’s answer to Nvidia-style upscaling technology, supporting premium-chip competitiveness. Qualcomm Unveils Adreno Neural Fusion
• Neutral Sentiment: Japan robotics push offers diversification: Qualcomm is targeting robotics and edge AI growth in Japan. The opportunity could broaden its addressable market, but analysts also cited margin pressure, weaker estimates and Apple’s planned modem shift as important risks. QCOM’s Japan Robotics Outlay Targets Edge AI
• Positive Sentiment: Valuation remains a support: One analysis suggests QCOM may be undervalued based on earnings multiples, despite a 58% three-year return. Its discounted-cash-flow estimate is only modestly above the current market value, indicating upside may be limited but that the shares are not broadly viewed as expensive. QUALCOMM Stock May Be Undervalued
• Negative Sentiment: Insider selling pressured sentiment: Reports of insider sales contributed to recent trading weakness and may raise concerns about management’s near-term confidence, even though insider transactions do not necessarily reflect changes in Qualcomm’s long-term fundamentals. Qualcomm Trading Down After Insider Selling

Insider Buying and Selling at Qualcomm

In other news, EVP Akash Palkhiwala sold 2,500 shares of the stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the sale, the executive vice president directly owned 23,184 shares of the company's stock, valued at $4,191,899.04. This represents a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. 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 have sold 11,533 shares of company stock valued at $1,961,219 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on QCOM shares. Melius Research set a $220.00 price target on Qualcomm in a report on Monday, May 18th. Wells Fargo & Company cut their price objective on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Freedom Capital raised Qualcomm from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Mizuho raised their target price on Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, June 29th. Finally, Monness Crespi & Hardt upgraded Qualcomm to a "buy" rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $203.76.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $168.57 on Friday. 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 50-day simple moving average of $169.46 and a two-hundred day simple moving average of $169.66. The firm has a market capitalization of $177.04 billion, a PE ratio of 19.51, a P/E/G ratio of 3.54 and a beta of 1.68. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $9.69 billion. During the same period last year, the business earned $2.77 EPS. The firm'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. Analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The company 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 is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm's dividend payout ratio (DPR) is presently 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.

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.

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