W1M Asset Management Ltd Sells 50,442 Shares of Qualcomm Incorporated $QCOM

Key Points

• W1M Asset Management reduced its Qualcomm stake by 12.1%, selling 50,442 shares in the second quarter and retaining 367,840 shares valued at approximately $68.0 million. Institutional investors and hedge funds collectively own 74.35% of QCOM.
• Qualcomm reported quarterly EPS of $2.21, slightly below the $2.23 consensus, while revenue of $9.95 billion exceeded estimates but declined 4% year over year. Shares opened at $160.75, below their 50-day moving average of $178.26.
• The company declared a quarterly dividend of $0.92 per share, equivalent to a 2.3% annualized yield. Analysts’ consensus rating is “Hold,” with an average price target of $203.63.

W1M Asset Management Ltd decreased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 12.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 367,840 shares of the wireless technology company's stock after selling 50,442 shares during the period. Qualcomm comprises 0.6% of W1M Asset Management Ltd's portfolio, making the stock its 28th biggest position. W1M Asset Management Ltd's holdings in Qualcomm were worth $67,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of QCOM. Baxter Bros Inc. acquired a new stake in shares of Qualcomm in the second quarter valued at approximately $17,844,000. MUFG Securities EMEA plc lifted its holdings in Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after buying an additional 23,262 shares in the last quarter. Swedbank AB boosted its position in Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock valued at $262,291,000 after buying an additional 23,110 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock valued at $24,578,000 after buying an additional 7,804 shares during the last quarter. Finally, Valley Wealth Managers Inc. increased its stake in shares of Qualcomm by 6.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock valued at $6,844,000 after buying an additional 2,288 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Stock Performance

NASDAQ QCOM opened at $160.75 on Monday. The firm has a market cap of $168.82 billion, a P/E ratio of 18.61, a P/E/G ratio of 14.84 and a beta of 1.65. 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 stock's 50-day moving average is $178.26 and its 200-day moving average is $168.12. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. Qualcomm'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. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is 42.59%.

Analyst Ratings Changes

QCOM has been the topic of several research reports. TD Cowen cut their price target on Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Raymond James Financial initiated coverage on Qualcomm in a report on Thursday, June 25th. They set a "strong-buy" rating for the company. Evercore set a $159.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Bank of America lifted their price target 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $203.63.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the 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 completion of the sale, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares in the company, valued at $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,325 shares of company stock valued at $1,925,859 over the last quarter. Corporate insiders own 0.05% of the company's stock.

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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