Hennion & Walsh Asset Management Inc. Decreases Stake in Qualcomm Incorporated $QCOM

Hennion & Walsh Asset Management Inc. cut its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,330 shares of the wireless technology company’s stock after selling 3,019 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Qualcomm were worth $4,681,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lexington Hill Partners LLC purchased a new position in Qualcomm in the 2nd quarter worth approximately $288,000. Valeo Financial Advisors LLC grew its position in shares of Qualcomm by 6.8% in the second quarter. Valeo Financial Advisors LLC now owns 16,706 shares of the wireless technology company’s stock valued at $3,088,000 after purchasing an additional 1,060 shares in the last quarter. Worth Asset Management LLC acquired a new stake in shares of Qualcomm in the second quarter valued at approximately $1,361,000. Norway Savings Bank acquired a new stake in shares of Qualcomm in the second quarter valued at approximately $203,000. Finally, Rockland Trust Co. purchased a new position in Qualcomm during the second quarter worth approximately $259,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on QCOM shares. Argus set a $220.00 target price on Qualcomm in a research note on Friday, May 1st. UBS Group dropped their price objective on shares of Qualcomm from $190.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Morgan Stanley reduced their target price on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Guggenheim set a $200.00 price target on shares of Qualcomm in a research note on Monday, June 22nd. Finally, Daiwa Securities Group upgraded shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target for the company in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $203.63.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $167.86 on Monday. The firm has a 50 day simple moving average of $189.92 and a 200-day simple moving average of $167.53. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $176.29 billion, a PE ratio of 19.43, a P/E/G ratio of 15.41 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last announced 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the business earned $2.77 earnings per share. Qualcomm’s 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 predict that Qualcomm Incorporated will post 7.78 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a $0.92 dividend. 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 payout ratio is presently 42.59%.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the sale, the executive vice president directly owned 23,184 shares of the company’s stock, valued at $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. 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 valued at $2,112,945 in the last three months. 0.05% of the stock is currently owned by company insiders.

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.