Wealthcare Advisory Partners LLC Sells 4,515 Shares of Qualcomm Incorporated $QCOM

Wealthcare Advisory Partners LLC trimmed its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 21.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,986 shares of the wireless technology company’s stock after selling 4,515 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Qualcomm were worth $3,139,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Torren Management LLC acquired a new position in shares of Qualcomm during the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Qualcomm by 17,000.0% in the 4th 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 4th quarter worth approximately $31,000. Commonwealth Retirement Investments LLC bought a new stake in Qualcomm during the fourth quarter worth about $32,000. Finally, Your Advocates Ltd. LLP bought a new stake in Qualcomm during the 1st quarter worth approximately $26,000. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction dated 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 SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the 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 transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% 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. Over the last quarter, insiders have sold 11,529 shares of company stock valued at $1,991,345. 0.05% of the stock is currently owned by insiders.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $163.07 on Thursday. The firm has a 50 day simple moving average of $185.28 and a 200 day simple moving average of $167.67. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a market cap of $171.26 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 14.97 and a beta of 1.65. 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 (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share 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 the consensus estimate of $9.69 billion. During the same quarter last year, the firm posted $2.77 earnings per share. The business’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. Research analysts predict that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

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

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s neural-processing-unit (NPU) strategy could benefit from rising demand for on-device AI in PCs, smartphones and other hardware. This raises the possibility of a broader hardware upgrade cycle and provides a bullish counterpoint to concerns about slowing handset revenue. Forget the Cloud: Qualcomm’s NPU Play May Trigger a Hardware Supercycle
• Positive Sentiment: One market commentary argues that investors may be underestimating Qualcomm’s potential, particularly if the company can reduce its dependence on smartphones and expand in automotive, IoT and AI-related markets. Prediction: This Chipmaker Could Be a Bigger Winner Than Investors Think
• Neutral Sentiment: Qualcomm is among the semiconductor companies expected to receive attention during Jim Cramer’s CNBC Investing Club call, which could increase near-term investor focus but does not represent a fundamental change. 5 Semiconductor Stocks Jim Cramer Could Be Talking About on Thursday
• Negative Sentiment: Qualcomm’s latest quarter included a small EPS miss, year-over-year revenue and earnings declines, and fourth-quarter revenue guidance of $9.7 billion to $10.5 billion. The company said the bottom may be near, but the results reinforce concerns about handset weakness. QUALCOMM Issued Q4 Guidance, Is The 17% Discount Enough?
• Negative Sentiment: Erste Group reduced its FY2026 EPS forecast to $7.71 from $7.91 and its FY2027 forecast to $7.46 from $7.90, signaling weaker expected profitability than previously anticipated.
• Negative Sentiment: Qualcomm EVP Akash J. Palkhiwala sold 2,500 shares worth approximately $408,000. The sale occurred under a pre-arranged Rule 10b5-1 plan, limiting its significance, but it may still add modest selling pressure.
• Negative Sentiment: Compared with Qualcomm, Zacks views Intel as the better chip investment because of stronger projected 2026 growth and AI-PC momentum, highlighting concerns about Qualcomm’s slower near-term growth profile. Intel vs. Qualcomm: Which Chip Stock is the Better Buy Now?

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research reports. Cantor Fitzgerald cut their target price on shares of Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. The Goldman Sachs Group set a $160.00 target price on Qualcomm in a report on Thursday, July 30th. Freedom Capital upgraded Qualcomm from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Morgan Stanley lowered their target price on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Finally, Oppenheimer set a $200.00 price objective on shares of Qualcomm in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $203.63.

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.