Wealth Alliance LLC Lowers Stock Holdings in QUALCOMM Incorporated $QCOM

Wealth Alliance LLC cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 14.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,505 shares of the wireless technology company’s stock after selling 769 shares during the period. Wealth Alliance LLC’s holdings in QUALCOMM were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in QCOM. Kingstone Capital Partners Texas LLC raised its holdings in shares of QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares in the last quarter. Nuveen LLC acquired a new stake in shares of QUALCOMM in the 1st quarter worth approximately $529,713,000. Goldman Sachs Group Inc. grew its holdings in shares of QUALCOMM by 24.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock worth $1,114,403,000 after acquiring an additional 1,407,797 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of QUALCOMM by 11.2% in the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock valued at $1,331,170,000 after purchasing an additional 875,412 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of QUALCOMM by 84.6% in the first quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company’s stock worth $230,444,000 after buying an additional 707,615 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research reports. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Tuesday, August 26th. TD Cowen upped their target price on QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an “outperform” rating in a research note on Monday, July 28th. Finally, Piper Sandler raised their target price on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.38.

QUALCOMM Stock Up 0.6%

NASDAQ:QCOM traded up $1.12 during mid-day trading on Thursday, hitting $177.79. 1,028,594 shares of the company’s stock were exchanged, compared to its average volume of 8,725,164. The business has a fifty day moving average price of $168.37 and a 200 day moving average price of $158.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company has a market cap of $190.42 billion, a PE ratio of 17.12, a P/E/G ratio of 2.59 and a beta of 1.26. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio is 72.80%.

Insider Activity

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $170.33, for a total transaction of $567,709.89. Following the completion of the transaction, the chief financial officer owned 33,208 shares of the company’s stock, valued at approximately $5,656,318.64. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 791 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the sale, the chief accounting officer directly owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 168,305 shares of company stock valued at $27,858,392. Insiders own 0.08% of the company’s stock.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.