Greenwood Capital Associates LLC Sells 15,716 Shares of Qualcomm Incorporated $QCOM

Greenwood Capital Associates LLC lessened its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 26.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,258 shares of the wireless technology company’s stock after selling 15,716 shares during the period. Greenwood Capital Associates LLC’s holdings in Qualcomm were worth $7,994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New Mexico Educational Retirement Board grew its stake in Qualcomm by 7.1% in the 2nd quarter. New Mexico Educational Retirement Board now owns 53,057 shares of the wireless technology company’s stock valued at $9,804,000 after buying an additional 3,500 shares during the last quarter. Mufg Securities Americas Inc. lifted its position in Qualcomm by 7.5% during the 2nd quarter. Mufg Securities Americas Inc. now owns 31,745 shares of the wireless technology company’s stock worth $5,866,000 after acquiring an additional 2,221 shares during the last quarter. Van ECK Associates Corp lifted its position in Qualcomm by 22.7% during the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock worth $3,178,872,000 after acquiring an additional 3,179,720 shares during the last quarter. Monetta Financial Services Inc. bought a new stake in Qualcomm during the second quarter valued at about $869,000. Finally, Ferguson Wellman Capital Management Inc. boosted its holdings in Qualcomm by 78.7% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 11,618 shares of the wireless technology company’s stock valued at $2,147,000 after acquiring an additional 5,115 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction on Wednesday, August 12th. The shares were 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 trade represents a 10.78% 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 have sold 11,325 shares of company stock valued at $1,925,859 over the last three months. 0.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several research analyst reports. Royal Bank Of Canada cut their price objective on Qualcomm from $250.00 to $160.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. Melius Research set a $220.00 price target on Qualcomm in a research note on Monday, May 18th. Bank of America upped their price target on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a report on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $203.76.

Qualcomm Trading Down 0.4%

QCOM stock opened at $164.19 on Friday. The business has a fifty day moving average price of $172.49 and a 200 day moving average price of $168.64. 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 stock has a market capitalization of $172.44 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 15.16 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last announced its 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 business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the company posted $2.77 EPS. Qualcomm’s revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid 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 dividend yield of 2.2%. Qualcomm’s payout ratio is currently 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.