Krilogy Financial LLC Reduces Stock Holdings in Qualcomm Incorporated $QCOM

Krilogy Financial LLC lowered its position in Qualcomm Incorporated (NASDAQ:QCOM) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,918 shares of the wireless technology company’s stock after selling 5,993 shares during the quarter. Krilogy Financial LLC’s holdings in Qualcomm were worth $2,552,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. waypoint wealth counsel increased its position in Qualcomm by 2.2% during the 3rd quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock worth $476,000 after purchasing an additional 61 shares in the last quarter. Greykasell Wealth Strategies Inc. increased its position in Qualcomm by 1.5% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after purchasing an additional 61 shares in the last quarter. Baron Wealth Management LLC increased its position in Qualcomm by 4.5% during the 3rd quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after purchasing an additional 62 shares in the last quarter. Certified Advisory Corp increased its position in Qualcomm by 0.6% during the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after purchasing an additional 62 shares in the last quarter. Finally, Elser Financial Planning Inc increased its position in Qualcomm by 3.7% during the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock worth $297,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Mizuho dropped their price objective on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Sanford C. Bernstein reiterated a “market perform” rating and set a $140.00 price objective (down from $175.00) on shares of Qualcomm in a research report on Thursday, March 26th. TD Cowen dropped their price objective on Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Royal Bank Of Canada dropped their price objective on Qualcomm from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut Qualcomm from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $185.00 to $140.00 in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $159.91.

Insider Activity

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $130.34, for a total value of $325,850.00. Following the completion of the sale, the executive vice president owned 30,684 shares in the company, valued at $3,999,352.56. The trade was a 7.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. This trade represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,118 shares of company stock valued at $1,233,705 in the last 90 days. 0.05% of the stock is owned by company insiders.

Qualcomm Stock Up 1.0%

QCOM opened at $137.52 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The stock has a market capitalization of $146.73 billion, a price-to-earnings ratio of 28.41 and a beta of 1.28. The business has a 50-day moving average of $134.45 and a two-hundred day moving average of $156.11. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $205.95.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.38 by $0.12. The company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, research analysts expect that Qualcomm Incorporated will post 8.25 earnings per share for the current year.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.92 dividend. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 2.7%. Qualcomm’s dividend payout ratio (DPR) is presently 73.55%.

Qualcomm declared that its board has authorized a stock repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.