Qualcomm Incorporated $QCOM Shares Sold by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC cut its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 7.6% in the second quarter, Holdings Channel.com reports. The firm owned 115,977 shares of the wireless technology company’s stock after selling 9,535 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Qualcomm were worth $21,431,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Torren Management LLC purchased a new stake in Qualcomm in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Qualcomm by 17,000.0% during the 4th 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 period. Birchwood Financial Partners Inc. purchased a new position in shares of Qualcomm during the 4th quarter worth $31,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Qualcomm during the 4th quarter valued at about $32,000. Finally, Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm during the 1st quarter valued at about $26,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Stock Up 0.6%

Shares of NASDAQ:QCOM opened at $165.79 on Friday. The business has a 50-day moving average price of $182.72 and a 200 day moving average price of $167.72. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $174.12 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

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 the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter last year, the firm posted $2.77 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.76 EPS for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s payout ratio is 42.59%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Benchmark decreased their target price 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. Susquehanna dropped their price target on shares of Qualcomm from $190.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Raymond James Financial assumed coverage on shares of Qualcomm in a research note on Thursday, June 25th. They issued a “strong-buy” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $203.63.

Insider Activity

In related news, 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 transaction of $167,267.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 that occurred on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the sale, the executive vice president owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This trade represents a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,529 shares of company stock valued at $1,991,345. Company insiders own 0.05% of the company’s stock.

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.