Union Bancaire Privee UBP SA Sells 11,530 Shares of Qualcomm Incorporated $QCOM

Union Bancaire Privee UBP SA decreased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 29.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 28,261 shares of the wireless technology company’s stock after selling 11,530 shares during the period. Union Bancaire Privee UBP SA’s holdings in Qualcomm were worth $5,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. grew its stake in shares of Qualcomm by 1.6% during the 2nd quarter. Jamison Private Wealth Management Inc. now owns 62,526 shares of the wireless technology company’s stock valued at $11,554,000 after acquiring an additional 972 shares during the period. Courier Capital LLC raised its stake in Qualcomm by 3.0% during the 2nd quarter. Courier Capital LLC now owns 3,500 shares of the wireless technology company’s stock worth $647,000 after acquiring an additional 103 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in Qualcomm by 20.6% during the second quarter. Aaron Wealth Advisors LLC now owns 13,332 shares of the wireless technology company’s stock valued at $2,464,000 after purchasing an additional 2,278 shares in the last quarter. Quattro Financial Advisors LLC purchased a new position in Qualcomm during the second quarter valued at approximately $806,000. Finally, MBL Wealth LLC bought a new position in shares of Qualcomm in the second quarter worth approximately $295,000. Institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Up 0.6%

Qualcomm stock opened at $165.79 on Friday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The firm’s 50 day moving average price is $182.72 and its 200-day moving average price is $167.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a market cap of $174.12 billion, a P/E ratio of 19.19, a PEG ratio of 15.25 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

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

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the sale, the executive vice president directly owned 20,684 shares in the company, valued at approximately $3,376,869.84. The trade was a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, 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 value of $167,267.33. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,529 shares of company stock worth $1,991,345 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. DZ Bank upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 target price on shares of Qualcomm in a report on Thursday, April 30th. Melius Research set a $220.00 price target on Qualcomm in a research note on Monday, May 18th. Finally, Cantor Fitzgerald decreased their price target on Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Qualcomm currently has a consensus rating of “Hold” and an average target price of $203.63.

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.