Western Wealth Management LLC Grows Stock Position in Qualcomm Incorporated $QCOM

Western Wealth Management LLC lifted its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 84.2% during the first quarter, Holdings Channel reports. The institutional investor owned 38,101 shares of the wireless technology company’s stock after acquiring an additional 17,419 shares during the quarter. Western Wealth Management LLC’s holdings in Qualcomm were worth $4,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Basepoint Wealth LLC raised its position in shares of Qualcomm by 1.8% in the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock worth $429,000 after acquiring an additional 59 shares during the period. Modern Wealth Management LLC grew its position in shares of Qualcomm by 0.5% during the 1st quarter. Modern Wealth Management LLC now owns 13,704 shares of the wireless technology company’s stock valued at $1,744,000 after acquiring an additional 64 shares during the period. Dakota Community Bank & Trust NA increased its stake in shares of Qualcomm by 3.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock valued at $316,000 after purchasing an additional 65 shares in the last quarter. S.A. Mason LLC raised its holdings in Qualcomm by 5.9% in the 4th quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company’s stock worth $204,000 after purchasing an additional 66 shares during the period. Finally, Marion Wealth Management raised its holdings in Qualcomm by 4.5% in the 4th quarter. Marion Wealth Management now owns 1,567 shares of the wireless technology company’s stock worth $244,000 after purchasing an additional 67 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on QCOM. Oppenheimer set a $200.00 price objective on Qualcomm in a report on Monday. Sanford C. Bernstein set a $165.00 price target on shares of Qualcomm in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Wednesday, June 24th. The Goldman Sachs Group set a $160.00 price objective on shares of Qualcomm in a report on Thursday. Finally, BNP Paribas Exane cut shares of Qualcomm to a “neutral” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $203.63.

Insider Activity

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the sale, the executive vice president owned 39,735 shares of the company’s stock, valued at $7,065,677.70. This represents a 7.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,529 shares of company stock valued at $4,011,441 over the last three months. 0.05% of the stock is currently owned by company insiders.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reported record automotive revenue and raised its automotive outlook to approximately $7 billion, while automotive and IoT growth helped revenue exceed expectations. The company also highlighted plans to expand AI and data-center businesses and target $40 billion in non-handset revenue by fiscal 2029. Qualcomm Q3 earnings call highlights
• Positive Sentiment: BMW selected Qualcomm as its lead compute silicon provider for future digital cockpit and advanced driver-assistance systems, supporting the company’s long-term automotive growth strategy. Qualcomm wins BMW chip supply deal
• Positive Sentiment: Qualcomm completed its all-stock acquisition of Modular, an AI software infrastructure company, strengthening its ambitions in generative AI, edge computing and data-center markets. Qualcomm completes Modular acquisition
• Neutral Sentiment: Analyst sentiment remains mixed. Rosenblatt and TD Cowen maintained “buy” ratings, while Morgan Stanley, UBS and Susquehanna retained neutral or equal-weight views. However, all four firms lowered their price targets, with UBS cutting its target to $170 and Susquehanna to $160. Analyst price-target changes
• Negative Sentiment: Fiscal third-quarter adjusted EPS was $2.21, narrowly below consensus, while revenue of $9.95 billion beat estimates but declined 4% year over year. EPS also fell from $2.77 a year earlier, reflecting weaker handset results and higher costs. Qualcomm Q3 earnings results
• Negative Sentiment: Fourth-quarter EPS guidance of $2.05–$2.25 was below the approximately $2.23 consensus midpoint, while management warned that rising memory costs, pricing pressure and a faster decline in Apple-related modem revenue could weigh on margins and profits. Qualcomm outlook and cost pressures

Qualcomm Trading Down 2.6%

QCOM opened at $151.60 on Friday. The firm has a market capitalization of $159.79 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 4.62 and a beta of 1.63. The company’s 50 day simple moving average is $200.02 and its two-hundred day simple moving average is $167.76. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.

Qualcomm (NASDAQ:QCOM) last posted 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 company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 39.89%. Qualcomm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts expect that Qualcomm Incorporated will post 7.98 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed 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 of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.4%. Qualcomm’s dividend payout ratio is currently 40.00%.

Qualcomm Company 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.