Transcend Capital Advisors LLC Sells 2,426 Shares of QUALCOMM Incorporated $QCOM

Transcend Capital Advisors LLC lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 20.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,486 shares of the wireless technology company’s stock after selling 2,426 shares during the period. Transcend Capital Advisors LLC’s holdings in QUALCOMM were worth $1,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC increased its position in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 70 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in QUALCOMM in the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. bought a new stake in QUALCOMM in the 2nd quarter worth approximately $32,000. Finally, Atticus Wealth Management LLC grew its position in QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 212 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 11.1%

Shares of QUALCOMM stock opened at $187.68 on Tuesday. The company’s fifty day simple moving average is $163.97 and its 200-day simple moving average is $155.51. The stock has a market capitalization of $202.51 billion, a PE ratio of 18.10, a P/E/G ratio of 2.45 and a beta of 1.23. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.9%. QUALCOMM’s payout ratio is 34.33%.

Insider Activity at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 8,335 shares of QUALCOMM stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares in the company, valued at approximately $6,067,998.46. The trade was a 18.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction on Friday, September 12th. The shares were sold at an average price of $161.42, for a total transaction of $44,067.66. Following the transaction, the chief accounting officer owned 404 shares in the company, valued at approximately $65,213.68. This trade represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,102 shares of company stock worth $27,706,855 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on QCOM shares. Arete Research set a $200.00 target price on shares of QUALCOMM in a research report on Tuesday, August 26th. Citigroup reaffirmed a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. Finally, Piper Sandler cut their target price on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.73.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.