Wilsey Asset Management Inc. Has $551,000 Stake in Qualcomm Incorporated $QCOM

Key Points

• Wilsey Asset Management cut its Qualcomm stake by 98.9% in the second quarter, selling 279,334 shares and retaining 2,979 shares valued at approximately $551,000.
• Qualcomm’s latest quarter showed revenue of $9.95 billion, ahead of estimates, but earnings per share of $2.21 narrowly missed expectations and revenue declined 4% year over year.
• Analysts hold a consensus “Hold” rating with an average price target of $203.63, while Qualcomm maintains a quarterly dividend of $0.92 per share, equating to a 2.2% yield.

Wilsey Asset Management Inc. reduced its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 98.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,979 shares of the wireless technology company's stock after selling 279,334 shares during the quarter. Qualcomm makes up 0.1% of Wilsey Asset Management Inc.'s portfolio, making the stock its 19th largest holding. Wilsey Asset Management Inc.'s holdings in Qualcomm were worth $551,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of QCOM. World Investment Advisors increased its position in shares of Qualcomm by 14.3% during the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock worth $11,103,000 after purchasing an additional 8,130 shares in the last quarter. MUFG Securities EMEA plc boosted its position in Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock valued at $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 fourth 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 in the last quarter. NBC Securities Inc. grew its stake in Qualcomm by 47.5% during the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after buying an additional 6,018 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Qualcomm by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock worth $24,578,000 after buying an additional 7,804 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the sale, the executive vice president directly owned 23,184 shares in the company, valued at $4,191,899.04. This trade represents a 9.73% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value 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 approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. 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 $2,112,945 over the last 90 days. 0.05% of the stock is owned by insiders.

Qualcomm Price Performance

QCOM opened at $167.86 on Friday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. 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 company's 50 day simple moving average is $189.92 and its 200-day simple moving average is $167.48. The stock has a market capitalization of $176.29 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 14.72 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued 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 company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the business earned $2.77 EPS. The business's revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.78 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on QCOM shares. Craig Hallum cut shares of Qualcomm from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Evercore set a $159.00 price target on Qualcomm in a research report on Thursday, July 30th. Sanford C. Bernstein set a $165.00 price target on Qualcomm in a report on Thursday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a research report on Wednesday, June 24th. Finally, Argus set a $220.00 target price on Qualcomm in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of "Hold" and a consensus price target of $203.63.

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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