Union Bancaire Privee UBP SA Sells 11,530 Shares of Qualcomm Incorporated $QCOM

Key Points

• Union Bancaire Privee UBP SA cut its Qualcomm stake by 29% in the second quarter, selling 11,530 shares and retaining 28,261 shares valued at approximately $5.22 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm’s latest quarter showed mixed results: revenue reached $9.95 billion, exceeding estimates, while EPS of $2.21 fell slightly short of expectations and revenue declined 4% year over year.
• Analyst sentiment remains cautious, with Qualcomm carrying a consensus “Hold” rating and an average price target of $203.63. The company also declared a quarterly dividend of $0.92 per share, implying a 2.2% annual yield.

Union Bancaire Privee UBP SA reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 29.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,261 shares of the wireless technology company's stock after selling 11,530 shares during the period. Union Bancaire Privee UBP SA's holdings in Qualcomm were worth $5,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Qualcomm in the 4th quarter worth about $2,591,056,000. Wellington Management Group LLP increased its stake in Qualcomm by 34.5% during the 4th 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 in the last quarter. Geode Capital Management LLC increased its stake in Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Invesco Ltd. lifted its position in Qualcomm by 28.1% in the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock valued at $2,163,030,000 after acquiring an additional 2,771,490 shares in the last quarter. Finally, Viking Global Investors LP increased its holdings in shares of Qualcomm by 120.1% in the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock worth $502,125,000 after purchasing an additional 1,720,529 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the transaction, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. This trade represents a 10.78% 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 a total of 11,529 shares of company stock worth $1,991,345 in the last three months. 0.05% of the stock is currently owned by company insiders.

Qualcomm Price Performance

Shares of QCOM opened at $165.79 on Friday. The firm has a fifty day simple moving average of $182.72 and a two-hundred day simple moving average of $167.72. The firm has a market cap of $174.12 billion, a PE ratio of 19.19, a P/E/G ratio of 15.25 and a beta of 1.65. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) 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 firm had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter last year, the business earned $2.77 earnings per share. The business's quarterly 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 analysts anticipate that Qualcomm Incorporated will post 7.76 EPS for the current year.

Qualcomm Announces Dividend

The company also recently declared 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. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's payout ratio is currently 42.59%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on QCOM shares. Melius Research set a $220.00 price target on Qualcomm in a research note on Monday, May 18th. UBS Group dropped their price objective on Qualcomm from $190.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Susquehanna reduced their price objective on Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Sanford C. Bernstein set a $165.00 target price on Qualcomm in a research report on Thursday, July 30th. Finally, Morgan Stanley lowered their target price on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $203.63.

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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