Qualcomm Incorporated $QCOM Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 20.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,373 shares of the wireless technology company’s stock after selling 21,447 shares during the quarter. Qualcomm comprises approximately 1.4% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 20th biggest holding. KMG Fiduciary Partners LLC’s holdings in Qualcomm were worth $15,222,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in QCOM. Your Advocates Ltd. LLP acquired a new stake in Qualcomm during the 1st quarter worth about $26,000. Torren Management LLC purchased a new stake in Qualcomm during the 4th quarter valued at about $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. acquired a new position in shares of Qualcomm in the fourth quarter valued at about $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of Qualcomm in the fourth quarter worth about $32,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Stock Down 3.4%

QCOM opened at $162.17 on Tuesday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company has a fifty day moving average of $188.58 and a two-hundred day moving average of $167.59. The stock has a market capitalization of $170.32 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 15.41 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last posted its 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. During the same period in the previous year, the company earned $2.77 earnings per share. The company’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. On average, research analysts expect that Qualcomm Incorporated will post 7.78 earnings per share for the current year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 yield of 2.3%. Qualcomm’s dividend payout ratio is currently 42.59%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on QCOM. Citigroup dropped their target price on Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Bank of America lifted their price objective on shares of Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research note on Tuesday, June 23rd. Benchmark dropped their price objective on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Mizuho increased their price objective on shares of Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Finally, Freedom Capital cut shares of Qualcomm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $203.63.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the sale, the executive vice president directly owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were 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 owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 9,029 shares of company stock valued at $1,583,195. Company insiders own 0.05% of the company’s stock.

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.