Kingsview Wealth Management LLC Sells 47,908 Shares of Qualcomm Incorporated $QCOM

Kingsview Wealth Management LLC lessened its position in Qualcomm Incorporated (NASDAQ:QCOM) by 55.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,004 shares of the wireless technology company’s stock after selling 47,908 shares during the period. Kingsview Wealth Management LLC’s holdings in Qualcomm were worth $7,023,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Qualcomm during the 2nd quarter worth approximately $17,583,115,000. Geode Capital Management LLC grew its holdings in Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after acquiring an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP increased its position in Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock valued at $2,861,301,000 after acquiring an additional 4,290,622 shares during the period. Norges Bank acquired a new position in Qualcomm in the 4th quarter valued at approximately $2,591,056,000. Finally, Amundi increased its position in Qualcomm by 9.9% in the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after acquiring an additional 1,138,541 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on QCOM shares. Rosenblatt Securities cut their price target on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Roth Capital assumed coverage on Qualcomm in a report on Friday, May 8th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. Robert W. Baird set a $400.00 target price on Qualcomm in a report on Thursday, July 30th. Finally, Freedom Capital upgraded Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm has an average rating of “Hold” and a consensus price target of $203.76.

Insiders Place Their Bets

In related news, EVP Heather S. Ace sold 3,200 shares of the company’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 sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the sale, the executive vice president directly owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This represents a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 11,325 shares of company stock worth $1,925,859. Company insiders own 0.05% of the company’s stock.

Qualcomm Trading Down 0.4%

NASDAQ:QCOM opened at $164.19 on Friday. The firm’s fifty day moving average is $172.49 and its 200-day moving average is $168.64. 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 Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The firm has a market cap of $172.44 billion, a P/E ratio of 19.00, a P/E/G ratio of 15.21 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share 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 firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter last year, the company earned $2.77 earnings per share. The company’s quarterly 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. Equities analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

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 issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. 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.