Unique Wealth Strategies LLC Sells 5,199 Shares of Qualcomm Incorporated $QCOM

Unique Wealth Strategies LLC reduced its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 45.2% in the second quarter, HoldingsChannel.com reports. The firm owned 6,309 shares of the wireless technology company’s stock after selling 5,199 shares during the period. Unique Wealth Strategies LLC’s holdings in Qualcomm were worth $1,166,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of QCOM. Antonelli Financial Advisors LLC purchased a new position in Qualcomm during the 2nd quarter valued at about $265,000. Salem Investment Counselors Inc. raised its position in Qualcomm by 0.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 114,934 shares of the wireless technology company’s stock valued at $21,239,000 after purchasing an additional 591 shares during the last quarter. Plancorp LLC lifted its holdings in Qualcomm by 24.6% in the 2nd quarter. Plancorp LLC now owns 9,617 shares of the wireless technology company’s stock worth $1,769,000 after buying an additional 1,900 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Qualcomm by 7.5% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 36,493 shares of the wireless technology company’s stock worth $6,743,000 after buying an additional 2,551 shares during the last quarter. Finally, Accurate Wealth Management LLC increased its stake in shares of Qualcomm by 15.5% during the second quarter. Accurate Wealth Management LLC now owns 8,451 shares of the wireless technology company’s stock valued at $1,599,000 after buying an additional 1,132 shares during the period. 74.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

QCOM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a report on Friday, June 5th. Oppenheimer set a $200.00 price objective on shares of Qualcomm in a research report on Monday, July 27th. DZ Bank upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a report on Friday, June 26th. Lake Street Capital cut shares of Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Finally, Benchmark cut their target price on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $203.63.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $165.79 on Friday. The company has a 50 day simple moving average of $182.72 and a two-hundred day simple moving average of $167.72. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a market capitalization of $174.12 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 15.16 and a beta of 1.65. 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 issued its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts expect that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Dividend Announcement

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

Insiders Place Their Bets

In other news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This represents a 8.05% 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. Over the last three months, insiders have sold 11,529 shares of company stock valued at $1,991,345. 0.05% of the stock is currently owned by corporate insiders.

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.