Transamerica Financial Advisors LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 26.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,458 shares of the wireless technology company's stock after selling 3,323 shares during the period. Transamerica Financial Advisors LLC's holdings in Qualcomm were worth $1,748,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Qualcomm in the 2nd quarter valued at $17,583,115,000. Norges Bank purchased a new position in Qualcomm during the 4th quarter worth $2,591,056,000. Bank of New York Mellon Corp purchased a new position in Qualcomm during the 2nd quarter worth $1,523,930,000. Deutsche Bank AG bought a new stake in shares of Qualcomm in the 2nd quarter worth $1,178,349,000. Finally, Wellington Management Group LLP raised its holdings in shares of Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.
Insider Activity at Qualcomm
In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business'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 of the company's stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the transaction, the executive vice president directly owned 23,184 shares of the company's stock, valued at $4,191,899.04. The trade was a 9.73% 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. In the last ninety days, insiders sold 11,325 shares of company stock worth $1,925,859. Corporate insiders own 0.05% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on QCOM. Susquehanna dropped their price target on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Craig Hallum lowered shares of Qualcomm from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Bank of America lifted their target price on shares of Qualcomm from $165.00 to $195.00 and gave the stock an "underperform" rating in a research report on Tuesday, June 23rd. UBS Group cut their target price on Qualcomm from $190.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Finally, Argus set a $220.00 target price on Qualcomm in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $203.76.
View Our Latest Research Report on Qualcomm
Qualcomm Trading Up 2.0%
Shares of Qualcomm stock opened at $163.72 on Thursday. The stock has a market capitalization of $171.94 billion, a P/E ratio of 18.95, a P/E/G ratio of 14.82 and a beta of 1.65. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week 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's 50-day simple moving average is $174.96 and its 200 day simple moving average is $168.48.
Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its 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 business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current year.
Qualcomm Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's payout ratio is currently 42.59%.
Qualcomm Profile
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Free Report)
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.
Further Reading
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