Unique Wealth Strategies LLC Trims Stake in Qualcomm Incorporated $QCOM

Key Points

• Unique Wealth Strategies LLC cut its Qualcomm stake by 45.2% in the second quarter, selling 5,199 shares and retaining 6,309 shares valued at approximately $1.17 million. Institutional investors overall own 74.35% of Qualcomm.
• Analyst sentiment remains mixed: Qualcomm has an average “Hold” rating and a consensus price target of $203.63, despite several firms issuing or maintaining “Buy” and “Strong Buy” ratings.
• Qualcomm reported quarterly EPS of $2.21, slightly below estimates, while revenue of $9.95 billion exceeded expectations but declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, representing a 2.2% yield.

Unique Wealth Strategies LLC reduced its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 45.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,309 shares of the wireless technology company's stock after selling 5,199 shares during the quarter. Unique Wealth Strategies LLC's holdings in Qualcomm were worth $1,166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Antonelli Financial Advisors LLC bought a new stake in shares of Qualcomm during the 2nd quarter valued at about $265,000. Salem Investment Counselors Inc. increased its position in shares of Qualcomm by 0.5% in the second quarter. Salem Investment Counselors Inc. now owns 114,934 shares of the wireless technology company's stock worth $21,239,000 after purchasing an additional 591 shares during the last quarter. Plancorp LLC increased its position in shares of Qualcomm by 24.6% in the second quarter. Plancorp LLC now owns 9,617 shares of the wireless technology company's stock worth $1,769,000 after purchasing an additional 1,900 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Qualcomm by 7.5% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 36,493 shares of the wireless technology company's stock valued at $6,743,000 after purchasing an additional 2,551 shares in the last quarter. Finally, Accurate Wealth Management LLC raised its stake in Qualcomm by 15.5% in the second quarter. Accurate Wealth Management LLC now owns 8,451 shares of the wireless technology company's stock valued at $1,599,000 after purchasing an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analysts Set New Price Targets

QCOM has been the subject of a number of research reports. Freedom Capital raised shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Morgan Stanley lowered their price objective on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Summit Insights raised shares of Qualcomm from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. Tigress Financial increased their target price on Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, May 8th. Finally, Raymond James Financial started coverage on Qualcomm in a research note on Thursday, June 25th. They issued a "strong-buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $203.63.

Qualcomm Stock Performance

Qualcomm stock 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 company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a market capitalization of $174.12 billion, a PE ratio of 19.19, a P/E/G ratio of 15.16 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts expect that Qualcomm Incorporated will post 7.76 EPS for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

Insider Buying and Selling

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president owned 20,684 shares of the company's stock, valued at $3,376,869.84. The trade was a 10.78% 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 have sold a total of 11,529 shares of company stock worth $1,991,345 in the last ninety days. 0.05% of the stock is owned by insiders.

Qualcomm 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.

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