Qualcomm Incorporated $QCOM Stock Position Decreased by OFI Invest Asset Management

OFI Invest Asset Management trimmed its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 32.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 358,300 shares of the wireless technology company’s stock after selling 168,757 shares during the quarter. OFI Invest Asset Management’s holdings in Qualcomm were worth $66,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC increased its position in Qualcomm by 44.3% during the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock worth $530,000 after buying an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC raised its holdings in Qualcomm by 6.1% during the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock valued at $920,000 after buying an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in Qualcomm by 9.7% during the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock valued at $1,083,000 after buying an additional 603 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of analyst reports. Zacks Research raised Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Benchmark cut their price objective on Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. TD Cowen decreased their target price on Qualcomm from $225.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Wells Fargo & Company decreased their target price on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Qualcomm presently has a consensus rating of “Hold” and an average price target of $203.63.

Insider Buying and Selling at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the 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 completion of the sale, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 the stock in a transaction that occurred on Thursday, May 21st. The shares were 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 have sold 11,529 shares of company stock valued at $1,991,345 in the last 90 days. 0.05% of the stock is currently owned by insiders.

Qualcomm Stock Down 2.2%

Qualcomm stock opened at $162.18 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The firm has a fifty day moving average price of $181.61 and a two-hundred day moving average price of $167.88. The firm has a market cap of $170.33 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 15.25 and a beta of 1.65.

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

Qualcomm Announces Dividend

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 issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

About Qualcomm

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.