Patriot Financial Group Insurance Agency LLC Sells 6,930 Shares of Qualcomm Incorporated $QCOM

Patriot Financial Group Insurance Agency LLC lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 50.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,816 shares of the wireless technology company’s stock after selling 6,930 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Qualcomm were worth $1,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Your Advocates Ltd. LLP bought a new position in shares of Qualcomm in the first quarter valued at $26,000. 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 increased its position in shares of Qualcomm by 17,000.0% during the fourth 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 in the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of Qualcomm in the 4th quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of Qualcomm in the 4th quarter worth about $32,000. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on QCOM. TD Cowen dropped their price target on shares of Qualcomm from $225.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Barclays reissued an “underweight” rating and set a $180.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Argus set a $220.00 price target on Qualcomm in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Qualcomm presently has an average rating of “Hold” and an average price target of $203.63.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $165.79 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a market cap of $174.12 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The firm has a 50-day moving average price of $182.72 and a two-hundred day moving average price of $167.82.

Qualcomm (NASDAQ:QCOM) last posted 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 firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same period in the prior year, the business earned $2.77 EPS. Qualcomm’s quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts expect that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

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

Insiders Place Their Bets

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The transaction was disclosed in a legal filing with the SEC, which is available at 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 the company’s 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 transaction, 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 SEC filing for this sale provides additional information. 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. Insiders own 0.05% of the company’s stock.

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.