TD Waterhouse Canada Inc. Sells 80,642 Shares of Qualcomm Incorporated $QCOM

TD Waterhouse Canada Inc. reduced its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 10.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 686,147 shares of the wireless technology company’s stock after selling 80,642 shares during the period. TD Waterhouse Canada Inc.’s holdings in Qualcomm were worth $124,882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. bought a new stake in Qualcomm in the 4th quarter valued at $31,000. ABS Investment Management LLC purchased a new stake in Qualcomm in the 2nd quarter worth $34,000. Commonwealth Retirement Investments LLC purchased a new stake in Qualcomm in the 4th quarter worth $32,000. Finally, Your Advocates Ltd. LLP bought a new position in shares of Qualcomm during the 1st quarter valued at about $26,000. Institutional investors own 74.35% of the company’s stock.

Insider Activity at Qualcomm

In related news, EVP Heather Ace sold 3,200 shares of the firm’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 completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Grech sold 208 shares of Qualcomm stock in a transaction on Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 11,533 shares of company stock worth $1,961,219. Company insiders own 0.05% of the company’s stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Dividend increased: Qualcomm raised its quarterly dividend 3.4% to $0.92 per share, signaling confidence in cash generation and offering an approximately $3.68 annualized payout. The company is expected to distribute about $983 million in the latest payment. Qualcomm Raises Quarterly Dividend 3.4% to $0.92 a Share
• Positive Sentiment: Smart-ring investment expands Qualcomm’s opportunity: Qualcomm’s venture arm participated in Ultrahuman’s $70 million funding round. Ultrahuman plans to develop software-capable smart rings with applications spanning health tracking, artificial intelligence and gaming, potentially creating additional demand for Qualcomm technology beyond smartphones. Qualcomm backs Ultrahuman in $70M round
• Positive Sentiment: Gaming and AI capabilities strengthened: Qualcomm unveiled Adreno Neural Fusion, a technology intended to improve mobile gaming graphics and AI performance. Reports indicate the next Snapdragon flagship platform will include Qualcomm’s answer to Nvidia-style upscaling technology, supporting premium-chip competitiveness. Qualcomm Unveils Adreno Neural Fusion
• Neutral Sentiment: Japan robotics push offers diversification: Qualcomm is targeting robotics and edge AI growth in Japan. The opportunity could broaden its addressable market, but analysts also cited margin pressure, weaker estimates and Apple’s planned modem shift as important risks. QCOM’s Japan Robotics Outlay Targets Edge AI
• Positive Sentiment: Valuation remains a support: One analysis suggests QCOM may be undervalued based on earnings multiples, despite a 58% three-year return. Its discounted-cash-flow estimate is only modestly above the current market value, indicating upside may be limited but that the shares are not broadly viewed as expensive. QUALCOMM Stock May Be Undervalued
• Negative Sentiment: Insider selling pressured sentiment: Reports of insider sales contributed to recent trading weakness and may raise concerns about management’s near-term confidence, even though insider transactions do not necessarily reflect changes in Qualcomm’s long-term fundamentals. Qualcomm Trading Down After Insider Selling

Analyst Ratings Changes

QCOM has been the subject of a number of research analyst reports. Roth Capital started coverage on Qualcomm in a research report on Friday, May 8th. They set a “buy” rating for the company. Rosenblatt Securities decreased their target price on Qualcomm from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Benchmark dropped their price target on Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, July 27th. DZ Bank upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a report on Friday, June 26th. Finally, Lake Street Capital downgraded Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and an average target price of $203.76.

Qualcomm Trading Down 0.8%

QCOM opened at $168.57 on Friday. The stock has a 50-day moving average of $169.46 and a 200 day moving average of $169.66. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The firm has a market cap of $177.04 billion, a P/E ratio of 19.51, a P/E/G ratio of 3.54 and a beta of 1.68.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is presently 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.