Elevation Point Wealth Partners LLC Has $3.11 Million Position in Qualcomm Incorporated $QCOM

Elevation Point Wealth Partners LLC trimmed its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 28.2% in the third quarter, Holdings Channel.com reports. The firm owned 18,695 shares of the wireless technology company’s stock after selling 7,330 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Qualcomm were worth $3,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. grew its stake in shares of Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Qualcomm during the 3rd quarter valued at $27,000. Winnow Wealth LLC acquired a new stake in shares of Qualcomm during the 2nd quarter valued at $32,000. Lavaca Capital LLC bought a new stake in Qualcomm during the 2nd quarter worth $32,000. Finally, Howard Hughes Medical Institute acquired a new position in Qualcomm in the 2nd quarter worth about $38,000. Institutional investors own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In related news, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the transaction, the executive vice president owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This trade represents a 23.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 45,501 shares of company stock valued at $7,784,198. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on QCOM. Loop Capital raised Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Tuesday, February 24th. DZ Bank raised Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. Bank of America assumed coverage on shares of Qualcomm in a research report on Tuesday, March 10th. They set an “underperform” rating and a $145.00 target price on the stock. Rosenblatt Securities reduced their target price on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Finally, Mizuho decreased their price target on shares of Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $168.00.

Qualcomm Price Performance

Qualcomm stock opened at $129.82 on Friday. The stock’s 50 day moving average is $149.54 and its 200 day moving average is $162.36. Qualcomm Incorporated has a one year low of $120.80 and a one year high of $205.95. The firm has a market cap of $138.52 billion, a P/E ratio of 26.82, a P/E/G ratio of 6.48 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. During the same quarter in the prior year, the firm posted $3.41 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, research analysts expect that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a $0.89 dividend. The ex-dividend date is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

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.