Qualcomm Incorporated $QCOM Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 16.8% in the second quarter, HoldingsChannel reports. The firm owned 10,082,880 shares of the wireless technology company’s stock after selling 2,030,526 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Qualcomm were worth $1,863,215,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. JFS Wealth Advisors LLC lifted its stake in Qualcomm by 3.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock valued at $295,000 after buying an additional 53 shares in the last quarter. Wall Street Financial Group Inc. increased its position in Qualcomm by 1.9% during the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock worth $564,000 after buying an additional 57 shares in the last quarter. Sunbeam Capital Management LLC increased its position in Qualcomm by 3.7% during the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock worth $303,000 after buying an additional 58 shares in the last quarter. Basepoint Wealth LLC raised its holdings 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 last quarter. Finally, Five Oceans Advisors lifted its position in shares of Qualcomm by 3.3% in the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock valued at $338,000 after acquiring an additional 59 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 625 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $33,872.80. This represents a 75.03% 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. Over the last quarter, insiders have sold 11,325 shares of company stock worth $1,925,859. Company insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on QCOM shares. Susquehanna decreased their price objective on Qualcomm from $190.00 to $160.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. HSBC reissued a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Roth Capital started coverage on shares of Qualcomm in a research note on Friday, May 8th. They set a “buy” rating on the stock. Mizuho raised their price target on shares of Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $203.76.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $164.19 on Friday. The business’s fifty day moving average price is $172.49 and its 200 day moving average price is $168.64. 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 stock has a market capitalization of $172.44 billion, a P/E ratio of 19.00, a PEG ratio of 15.16 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). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current 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 $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.

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.