Burney Co. Lowers Stake in Qualcomm Incorporated $QCOM

Burney Co. reduced its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 27.0% during the 2nd quarter, Holdings Channel reports. The firm owned 35,560 shares of the wireless technology company’s stock after selling 13,154 shares during the quarter. Burney Co.’s holdings in Qualcomm were worth $6,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of QCOM. Torren Management LLC acquired a new position in shares of Qualcomm during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Qualcomm by 17,000.0% during the 4th 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 during the last quarter. Birchwood Financial Partners Inc. purchased a new stake in shares of Qualcomm in the 4th quarter valued at approximately $31,000. Commonwealth Retirement Investments LLC purchased a new position in Qualcomm in the fourth quarter worth approximately $32,000. Finally, Your Advocates Ltd. LLP acquired a new stake in Qualcomm during the first quarter worth $26,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This represents a 10.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,529 shares of company stock valued at $1,991,345. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $165.79 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $182.72 and its two-hundred day moving average is $167.72. The firm has a market capitalization of $174.12 billion, a P/E ratio of 19.19, a P/E/G ratio of 15.16 and a beta of 1.65. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the business earned $2.77 earnings per share. Qualcomm’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts forecast that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Announces Dividend

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 given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. Qualcomm’s payout ratio is 42.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird set a $400.00 price target on Qualcomm in a research note on Thursday, July 30th. Rosenblatt Securities reduced their price objective on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Barclays reaffirmed an “underweight” rating and issued a $180.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Freedom Capital upgraded shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Benchmark cut their price objective on Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $203.63.

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.