Wedbush Securities Inc. Sells 6,126 Shares of Qualcomm Incorporated $QCOM

Key Points

• Wedbush Securities reduced its Qualcomm position by 8.8% in the second quarter, selling 6,126 shares and retaining 63,772 shares valued at approximately $11.8 million.
• Institutional investors own 74.35% of Qualcomm, while insiders have sold 11,325 shares worth roughly $1.9 million over the past 90 days. Analysts’ consensus rating is “Hold,” with an average price target of $203.76.
• Qualcomm shares opened at $164.19, near their 50- and 200-day moving averages. The company recently reported $9.95 billion in quarterly revenue but missed earnings expectations slightly, and declared a quarterly dividend of $0.92 per share, yielding about 2.2%.

Wedbush Securities Inc. lessened its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 8.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,772 shares of the wireless technology company's stock after selling 6,126 shares during the quarter. Wedbush Securities Inc.'s holdings in Qualcomm were worth $11,784,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of QCOM. BlackRock Inc. bought a new position in shares of Qualcomm during the 2nd quarter worth approximately $17,583,115,000. Norges Bank acquired a new stake in shares of Qualcomm in the fourth quarter valued at approximately $2,591,056,000. Bank of New York Mellon Corp bought a new stake in shares of Qualcomm in the second quarter worth $1,523,930,000. Deutsche Bank AG bought a new stake in shares of Qualcomm in the second quarter worth $1,178,349,000. Finally, Wellington Management Group LLP boosted its holdings in Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Insider Activity

In other news, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction dated 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 directly owned 208 shares of the company's stock, valued at $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was 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 approximately $5,372,106.40. This represents a 8.05% 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 11,325 shares of company stock valued at $1,925,859 over the last ninety days. 0.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on QCOM shares. Freedom Capital raised shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a research report on Friday, June 5th. Barclays restated an "underweight" rating and set a $180.00 price objective on shares of Qualcomm in a research note on Thursday, July 30th. Lake Street Capital cut Qualcomm to a "hold" rating in a report on Thursday, June 25th. Finally, Melius Research set a $220.00 target price on Qualcomm in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $203.76.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $164.19 on Friday. 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 12 month low of $121.99 and a 12 month high of $259.92. The stock has a 50 day moving average of $172.49 and a 200-day moving average of $168.64. The company has a market capitalization of $172.44 billion, a P/E ratio of 19.00, a P/E/G ratio of 15.16 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly 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). 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 the consensus estimate of $9.69 billion. During the same quarter last year, the company posted $2.77 EPS. 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, equities research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's payout ratio is currently 42.59%.

Qualcomm Company 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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