Qualcomm Incorporated $QCOM Shares Sold by Westpac Banking Corp

Westpac Banking Corp lowered its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 31.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,661 shares of the wireless technology company’s stock after selling 15,425 shares during the quarter. Westpac Banking Corp’s holdings in Qualcomm were worth $6,220,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QCOM. Your Advocates Ltd. LLP acquired a new stake in Qualcomm during the 1st quarter worth approximately $26,000. Torren Management LLC acquired a new position in shares of Qualcomm in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings 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 purchasing an additional 170 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in shares of Qualcomm during the fourth quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of Qualcomm during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, CAO Patricia Y. Grech sold 625 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the completion of the transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,325 shares of company stock valued at $1,925,859 over the last three months. 0.05% of the stock is currently owned by insiders.

Qualcomm Stock Performance

Shares of QCOM stock opened at $160.75 on Monday. The stock has a market cap of $168.82 billion, a P/E ratio of 18.61, a P/E/G ratio of 14.84 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The business has a fifty day simple moving average of $178.26 and a 200-day simple moving average of $168.12.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data 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). The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is currently 42.59%.

Analysts Set New Price Targets

Several research firms have recently commented on QCOM. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. TD Cowen dropped their price objective on Qualcomm from $225.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Bank of America increased their price objective on Qualcomm from $165.00 to $195.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 23rd. Lake Street Capital downgraded Qualcomm to a “hold” rating in a report on Thursday, June 25th. Finally, The Goldman Sachs Group set a $160.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.