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

Wedbush Securities Inc. trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM) by 8.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in shares of Qualcomm during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of Qualcomm in the fourth quarter valued at about $31,000. ABS Investment Management LLC bought a new position in Qualcomm during the second quarter worth about $34,000. Finally, Commonwealth Retirement Investments LLC bought a new position in Qualcomm during the fourth quarter worth about $32,000. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of recent research reports. Melius Research set a $220.00 price objective on shares of Qualcomm in a report on Monday, May 18th. Rosenblatt Securities decreased their target price on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. HSBC reaffirmed a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Barclays reiterated an “underweight” rating and issued a $180.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Finally, Monness Crespi & Hardt upgraded Qualcomm to a “buy” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $203.76.

Insiders Place Their Bets

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 14th. The stock was 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 owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 the 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 completion of the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This trade 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. Over the last 90 days, insiders sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Trading Down 0.4%

Shares of QCOM stock opened at $164.19 on Friday. The stock’s fifty day moving average price is $172.49 and its two-hundred day moving average price is $168.64. The company has a market cap of $172.44 billion, a PE ratio of 19.00, a P/E/G ratio of 15.16 and a beta of 1.65. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the firm posted $2.77 EPS. Qualcomm’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a 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.