Qualcomm Incorporated $QCOM Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC trimmed its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 33.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,700 shares of the wireless technology company’s stock after selling 9,705 shares during the quarter. VestGen Advisors LLC’s holdings in Qualcomm were worth $3,626,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its holdings in shares of Qualcomm by 3.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after purchasing an additional 53 shares in the last quarter. Wall Street Financial Group Inc. raised its stake in shares of Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock valued at $564,000 after purchasing an additional 57 shares in the last quarter. Sunbeam Capital Management LLC raised its stake in shares of Qualcomm by 3.7% in the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock valued at $303,000 after purchasing an additional 58 shares in the last quarter. Basepoint Wealth LLC lifted its position in 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 purchasing an additional 59 shares during the period. Finally, Five Oceans Advisors lifted its position in Qualcomm by 3.3% in 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 during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In other news, EVP Ann C. Chaplin sold 1,827 shares of Qualcomm stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $174.75, for a total transaction of $319,268.25. Following the completion of the sale, the executive vice president owned 25,770 shares in the company, valued at $4,503,307.50. The trade was a 6.62% decrease in their position. The sale 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, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction 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 directly owned 208 shares of the company’s stock, valued at $33,872.80. This represents a 75.03% 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 have sold a total of 33,458 shares of company stock worth $6,198,144 over the last ninety days. 0.05% of the stock is currently owned by insiders.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s investment case is broadening beyond smartphones. Recent coverage highlighted a 61% surge in automotive revenue, record automotive sales, and two hyperscaler custom-silicon agreements that could create longer-term growth in AI data centers and edge computing. Qualcomm Stock Has an AI Opportunity Most Nvidia Investors May Be Overlooking Qualcomm Automotive Revenue Hits Record
• Positive Sentiment: Ariel Global Fund identified Qualcomm as offering potential across AI, automotive, and edge computing. That view suggests some institutional investors see the shares as undervalued if these businesses reduce the company’s dependence on handset demand. Qualcomm Offers AI, Automotive, and Edge-Computing Growth Potential
• Neutral Sentiment: Analyst coverage comparing Qualcomm with IBM emphasized that both companies are pursuing AI growth, but differing valuations, competitive pressures, and execution prospects leave the relative upside uncertain. IBM vs. Qualcomm: Which AI Tech Giant Has More Upside Now?
• Neutral Sentiment: Technical coverage noted that QCOM reclaimed an important price level and edged higher, but questioned whether the move can hold without stronger fundamental confirmation. Qualcomm Reclaims a Key Level
• Negative Sentiment: Qualcomm’s upcoming fiscal fourth-quarter report is expected to show declining earnings, creating a near-term catalyst risk. The company’s latest quarter already included an earnings-per-share miss and a 4% year-over-year revenue decline, despite revenue exceeding expectations. Qualcomm Q4 Earnings Expected to Decline
• Negative Sentiment: Weak guidance from automotive-chip supplier NXP revived concerns about slowing auto-chip demand, pressuring semiconductor stocks including Qualcomm. Soft Guidance Revives Auto Chip Worries

Qualcomm Price Performance

NASDAQ:QCOM opened at $185.41 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm has a market cap of $197.99 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 4.12 and a beta of 1.65. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company’s 50-day moving average price is $177.75 and its two-hundred day moving average price is $169.46.

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 period in the previous year, the business posted $2.77 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts anticipate that Qualcomm Incorporated will post 7.71 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. Qualcomm’s payout ratio is currently 42.59%.

Analyst Ratings Changes

QCOM has been the topic of a number of analyst reports. Zacks Research cut shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. HSBC restated a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. TD Cowen upped their price objective on Qualcomm from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, October 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $235.00 price objective on shares of Qualcomm in a research note on Wednesday, September 9th. Finally, Oppenheimer set a $200.00 target price on Qualcomm in a report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $205.83.

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.