Occidental Asset Management LLC Takes $7.25 Million Position in Qualcomm Incorporated $QCOM

Posted by Francis Steltz on Aug 21st, 2026

Occidental Asset Management LLC bought a new position in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,238 shares of the wireless technology company’s stock, valued at approximately $7,251,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Dunhill Financial LLC acquired a new position in Qualcomm in the second quarter valued at about $842,000. Pallas Capital Advisors LLC bought a new position in shares of Qualcomm in the second quarter valued at approximately $810,000. Performance Wealth Partners LLC bought a new position in shares of Qualcomm in the second quarter valued at approximately $640,000. Deutsche Bank AG acquired a new position in shares of Qualcomm in the 2nd quarter worth approximately $1,178,349,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of Qualcomm in the 2nd quarter worth approximately $7,585,000. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. This trade represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 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 sale, the executive vice president owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,700 shares of company stock worth $1,824,078 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Tigress Financial increased their price target on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their price objective on Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, June 5th. Robert W. Baird set a $400.00 target price on Qualcomm in a report on Thursday, July 30th. Raymond James Financial started coverage on Qualcomm in a research note on Thursday, June 25th. They issued a “strong-buy” rating for the company. Finally, Monness Crespi & Hardt raised Qualcomm to a “buy” rating in a report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $203.63.

Read Our Latest Research Report on QCOM

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $160.74 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $179.28 and a 200 day simple moving average of $168.07. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The firm has a market cap of $168.81 billion, a P/E ratio of 18.60, a P/E/G ratio of 14.95 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio is 42.59%.

Qualcomm Profile

(Free Report)

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.