Convergence Investment Partners LLC Sells 22,167 Shares of QUALCOMM Incorporated $QCOM

Convergence Investment Partners LLC trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 51.8% in the second quarter, Holdings Channel.com reports. The firm owned 20,608 shares of the wireless technology company’s stock after selling 22,167 shares during the quarter. QUALCOMM makes up 0.8% of Convergence Investment Partners LLC’s holdings, making the stock its 28th largest holding. Convergence Investment Partners LLC’s holdings in QUALCOMM were worth $3,282,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after buying an additional 340 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of QUALCOMM by 24.8% in the first quarter. Golden State Wealth Management LLC now owns 4,457 shares of the wireless technology company’s stock valued at $685,000 after buying an additional 885 shares in the last quarter. Parker Financial LLC grew its stake in shares of QUALCOMM by 9.2% in the first quarter. Parker Financial LLC now owns 2,385 shares of the wireless technology company’s stock valued at $366,000 after buying an additional 201 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC grew its stake in shares of QUALCOMM by 3.2% in the first quarter. Capital Advisors Wealth Management LLC now owns 11,327 shares of the wireless technology company’s stock valued at $1,740,000 after buying an additional 355 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Down 0.6%

QCOM stock opened at $168.94 on Monday. The company has a market cap of $182.29 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. The business has a 50-day simple moving average of $163.40 and a 200 day simple moving average of $155.20. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM’s payout ratio is presently 34.33%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings raised shares of QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday. Susquehanna raised their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Tuesday, August 26th. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Piper Sandler reduced their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average price target of $183.27.

Insider Activity

In other QUALCOMM news, CAO Patricia Y. Grech sold 273 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the completion of the transaction, the chief accounting officer owned 404 shares of the company’s stock, valued at approximately $65,213.68. The trade was a 40.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $166.06, for a total value of $1,384,110.10. Following the transaction, the chief financial officer directly owned 36,541 shares of the company’s stock, valued at approximately $6,067,998.46. The trade was a 18.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,102 shares of company stock valued at $27,706,855. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.