Transamerica Financial Advisors LLC Trims Stake in Qualcomm Incorporated $QCOM

Transamerica Financial Advisors LLC lowered its position in Qualcomm Incorporated (NASDAQ:QCOM) by 26.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,458 shares of the wireless technology company’s stock after selling 3,323 shares during the period. Transamerica Financial Advisors LLC’s holdings in Qualcomm were worth $1,748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JFS Wealth Advisors LLC grew its position in Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after buying an additional 53 shares in the last quarter. Wall Street Financial Group Inc. raised its holdings in shares of Qualcomm by 1.9% in the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock valued at $564,000 after acquiring an additional 57 shares in the last quarter. Sunbeam Capital Management LLC raised its holdings in shares of Qualcomm by 3.7% in the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock valued at $303,000 after acquiring an additional 58 shares in the last quarter. Basepoint Wealth LLC boosted its position in shares of Qualcomm by 1.8% during the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after acquiring an additional 59 shares during the last quarter. Finally, Five Oceans Advisors grew its holdings in shares of Qualcomm by 3.3% during the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock worth $338,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Up 2.0%

QCOM stock opened at $163.72 on Thursday. The company has a market capitalization of $171.94 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 14.82 and a beta of 1.65. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company’s 50 day moving average price is $174.96 and its two-hundred day moving average price is $168.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the firm posted $2.77 earnings per share. The company’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. As a group, analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is presently 42.59%.

Insider Buying and Selling at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was 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 approximately $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a 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 Qualcomm stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the transaction, the executive vice president owned 20,684 shares in the company, valued at approximately $3,376,869.84. This represents a 10.78% decrease in their position. 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 11,325 shares of company stock worth $1,925,859 over the last three months. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the topic of several research analyst reports. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. HSBC reissued a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Guggenheim set a $200.00 price target on shares of Qualcomm in a report on Monday, June 22nd. Melius Research set a $220.00 price objective on shares of Qualcomm in a research report on Monday, May 18th. Finally, Craig Hallum downgraded shares of Qualcomm from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Qualcomm has an average rating of “Hold” and a consensus price target of $203.76.

About Qualcomm

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.