Waverly Advisors LLC Has $23.63 Million Position in Qualcomm Incorporated $QCOM

Key Points

• Waverly Advisors reduced its Qualcomm position by 2.9% in the second quarter, selling 3,845 shares and retaining 127,861 shares valued at approximately $23.63 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm’s latest quarterly results included revenue of $9.95 billion, exceeding estimates, but adjusted EPS of $2.21 fell slightly short of expectations and revenue declined 4% year over year. The company declared a quarterly dividend of $0.92, representing a 2.1% yield.
• A new collaboration with Amazon strengthens Qualcomm’s data-center AI growth story through customized AI chips and optical connectivity solutions. The multi-generational partnership could create a significant recurring opportunity, though Amazon’s stock warrants may lead to future dilution.

Waverly Advisors LLC cut its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 127,861 shares of the wireless technology company's stock after selling 3,845 shares during the quarter. Waverly Advisors LLC's holdings in Qualcomm were worth $23,627,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of QCOM. Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after purchasing an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of Qualcomm during the fourth quarter worth $31,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Qualcomm during the fourth quarter worth $32,000. Finally, ABS Investment Management LLC bought a new stake in Qualcomm in the second quarter valued at about $34,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $33,872.80. The trade was a 75.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 Qualcomm stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the transaction, the executive vice president directly owned 23,184 shares in the company, valued at approximately $4,191,899.04. The trade was a 9.73% 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. In the last three months, insiders sold 11,533 shares of company stock worth $1,961,219. 0.05% of the stock is owned by company insiders.

Qualcomm Stock Performance

QCOM stock opened at $174.09 on Wednesday. The business's 50-day moving average price is $168.43 and its two-hundred day moving average price is $170.26. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The firm has a market cap of $182.83 billion, a PE ratio of 20.15, a P/E/G ratio of 3.52 and a beta of 1.68. 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 posted its 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 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 period in the previous year, the firm posted $2.77 earnings per share. The firm's revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share 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 given a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. Qualcomm's payout ratio is currently 42.59%.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon deal opens a major AI growth opportunity. Qualcomm and AWS will collaborate on customized silicon for large-scale AI data centers, initially targeting AI inference. Qualcomm will also provide optical connectivity solutions for high-bandwidth data-center interconnects. The agreement gives Qualcomm a marquee cloud customer and exposure to AWS’s expanding AI infrastructure spending. Qualcomm partners with Amazon in data center infrastructure deal
• Positive Sentiment: Investors see the partnership as potentially substantial and recurring. The collaboration spans multiple product generations, suggesting a longer-term supply relationship rather than a one-time contract. Reports and market commentary have characterized the opportunity as potentially worth approximately $60 billion, although the actual financial contribution will depend on product adoption and AWS deployment. Qualcomm Announces Multi-Generational Product Collaboration with Amazon
• Positive Sentiment: The announcement strengthened Qualcomm’s AI-infrastructure narrative. The news lifted other semiconductor and AI-infrastructure stocks as investors reassessed Qualcomm’s ability to diversify into data centers and participate in the AI-computing buildout. Analysts and commentators described the Amazon relationship as supportive of a higher long-term valuation floor. AI infrastructure stocks rally on deal announcements from Qualcomm, Corning
• Neutral Sentiment: Amazon will receive stock warrants worth roughly $4 billion. Qualcomm is reportedly granting Amazon warrants representing about 25 million shares. The arrangement may align the companies’ interests and support the partnership, but it could also create future share dilution if the warrants are exercised. Qualcomm strikes AI chip deal with Amazon

Wall Street Analysts Forecast Growth

QCOM has been the topic of several analyst reports. Susquehanna cut their target price on Qualcomm from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Bank of America boosted their target price on Qualcomm from $165.00 to $195.00 and gave the stock an "underperform" rating in a research report on Tuesday, June 23rd. Cantor Fitzgerald lowered their price target on Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Robert W. Baird set a $400.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Finally, Freedom Capital raised shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $203.76.

About Qualcomm

Qualcomm Incorporated NASDAQ: QCOM is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.

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