Prospera Financial Services Inc Lowers Holdings in Qualcomm Incorporated $QCOM

Prospera Financial Services Inc decreased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 20.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,519 shares of the wireless technology company’s stock after selling 5,317 shares during the quarter. Prospera Financial Services Inc’s holdings in Qualcomm were worth $3,514,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Darden Wealth Group Inc purchased a new position in shares of Qualcomm in the fourth quarter worth $205,000. Pathfinder Wealth Consulting Inc. bought a new stake in Qualcomm during the fourth quarter valued at about $623,000. Buckhead Capital Management LLC grew its holdings in Qualcomm by 6.2% during the fourth quarter. Buckhead Capital Management LLC now owns 3,408 shares of the wireless technology company’s stock valued at $583,000 after purchasing an additional 199 shares during the period. Jefferies Financial Group Inc. grew its holdings in Qualcomm by 237.2% during the fourth quarter. Jefferies Financial Group Inc. now owns 50,993 shares of the wireless technology company’s stock valued at $8,722,000 after purchasing an additional 35,871 shares during the period. Finally, White Lighthouse Investment Management Inc. bought a new stake in Qualcomm during the fourth quarter valued at about $200,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $140.00 price objective (down from $175.00) on shares of Qualcomm in a research note on Thursday, March 26th. Daiwa Securities Group raised Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target for the company in a research note on Friday, May 8th. Benchmark upped their price objective on Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley assumed coverage on Qualcomm in a report on Friday, May 8th. They issued an “overweight” rating on the stock. Finally, Susquehanna increased their price target on Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $181.79.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $238.16 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $251.02 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 29.50 and a beta of 1.49. The stock’s fifty day simple moving average is $156.96 and its two-hundred day simple moving average is $159.19. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $247.90.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts expect that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s payout ratio is 38.70%.

Qualcomm declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the sale, the executive vice president owned 28,184 shares of the company’s stock, valued at $5,972,189.60. This trade represents a 8.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 19,306 shares of company stock worth $3,435,583 over the last quarter. Company insiders own 0.05% of the company’s stock.

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.