Roberts Wealth Advisors LLC Sells 6,995 Shares of Qualcomm Incorporated $QCOM

Roberts Wealth Advisors LLC decreased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 22.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,349 shares of the wireless technology company’s stock after selling 6,995 shares during the period. Qualcomm comprises 1.1% of Roberts Wealth Advisors LLC’s holdings, making the stock its 29th largest position. Roberts Wealth Advisors LLC’s holdings in Qualcomm were worth $4,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Signal Advisors Wealth LLC increased its stake in shares of Qualcomm by 17.7% in the 4th quarter. Signal Advisors Wealth LLC now owns 2,628 shares of the wireless technology company’s stock valued at $450,000 after acquiring an additional 395 shares during the last quarter. Harrington Investments INC boosted its stake in Qualcomm by 0.5% during the 4th quarter. Harrington Investments INC now owns 23,212 shares of the wireless technology company’s stock worth $3,970,000 after acquiring an additional 120 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in Qualcomm by 49.6% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 18,009 shares of the wireless technology company’s stock worth $3,081,000 after acquiring an additional 5,968 shares during the last quarter. Burns J W & Co. Inc. NY grew its holdings in Qualcomm by 2.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock valued at $556,000 after purchasing an additional 66 shares during the period. Finally, Stokes Capital Advisors LLC acquired a new position in Qualcomm during the fourth quarter valued at approximately $207,000. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $137.65, for a total value of $458,787.45. Following the sale, the executive vice president owned 35,599 shares of the company’s stock, valued at $4,900,202.35. The trade was a 8.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,866 shares of company stock worth $1,474,796. 0.05% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of Qualcomm in a report on Monday, February 2nd. Mizuho decreased their price target on shares of Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Evercore lowered their price objective on shares of Qualcomm from $157.00 to $134.00 and set an “in-line” rating for the company in a research report on Thursday, February 5th. JPMorgan Chase & Co. dropped their price objective on Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Finally, Rosenblatt Securities reduced their target price on Qualcomm from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $168.00.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $130.35 on Thursday. 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 firm has a market cap of $139.08 billion, a price-to-earnings ratio of 26.93 and a beta of 1.25. The stock’s 50-day moving average is $142.38 and its 200-day moving average is $160.70. Qualcomm Incorporated has a one year low of $120.80 and a one year high of $205.95.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.Qualcomm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm announced that its board has initiated a share repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.89 dividend. The ex-dividend date is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.7%. Qualcomm’s dividend payout ratio (DPR) is 73.55%.

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.