Essential Investment Partners LLC Decreases Stock Holdings in Qualcomm Incorporated $QCOM

Essential Investment Partners LLC lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 48.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,535 shares of the wireless technology company’s stock after selling 5,127 shares during the period. Essential Investment Partners LLC’s holdings in Qualcomm were worth $1,023,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QCOM. Torren Management LLC acquired a new stake in Qualcomm in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its position 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 worth $29,000 after buying an additional 170 shares during the period. Birchwood Financial Partners Inc. acquired a new stake in shares of Qualcomm in the fourth quarter valued at about $31,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Qualcomm in the fourth quarter valued at about $32,000. Finally, Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm during the first quarter worth $26,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Wednesday, August 12th. The stock was 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 directly owned 20,684 shares in the company, valued at $3,376,869.84. The trade was a 10.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,529 shares of company stock valued at $1,991,345 in the last three months. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on QCOM shares. Roth Capital initiated coverage on Qualcomm in a research note on Friday, May 8th. They set a “buy” rating for the company. TD Cowen decreased their target price on Qualcomm from $225.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Melius Research set a $220.00 price objective on shares of Qualcomm in a research report on Monday, May 18th. Royal Bank Of Canada dropped their price target on shares of Qualcomm from $250.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Finally, Mizuho lifted their price target on Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $203.63.

Qualcomm Trading Up 0.6%

NASDAQ:QCOM opened at $165.79 on Friday. The stock has a fifty day simple moving average of $182.72 and a 200 day simple moving average of $167.72. The firm has a market capitalization of $174.12 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.

Qualcomm (NASDAQ:QCOM) last issued its quarterly 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). The firm had revenue of $9.95 billion during 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 firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.76 earnings per share for the current year.

Qualcomm Announces Dividend

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 dividend of $0.92 per share. 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 dividend payout ratio (DPR) is 42.59%.

Qualcomm 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.