Trilogy Capital Inc. Sells 20,726 Shares of Qualcomm Incorporated $QCOM

Trilogy Capital Inc. decreased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOMFree Report) by 85.3% during the second quarter, HoldingsChannel reports. The firm owned 3,566 shares of the wireless technology company’s stock after selling 20,726 shares during the period. Trilogy Capital Inc.’s holdings in Qualcomm were worth $659,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. World Investment Advisors raised its position in shares of Qualcomm by 14.3% in the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after acquiring an additional 8,130 shares in the last quarter. MUFG Securities EMEA plc raised its holdings in Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock worth $7,524,000 after purchasing an additional 23,262 shares in the last quarter. Swedbank AB lifted its position in shares of Qualcomm by 1.5% during the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after buying an additional 23,110 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock valued at $3,197,000 after buying an additional 6,018 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Qualcomm by 5.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock valued at $24,578,000 after acquiring an additional 7,804 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of the firm’s 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 in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. 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. In the last 90 days, insiders sold 11,529 shares of company stock valued at $2,112,945. 0.05% of the stock is owned by company insiders.

Qualcomm Trading Up 7.3%

NASDAQ QCOM opened at $162.67 on Wednesday. The company has a fifty day simple moving average of $194.76 and a two-hundred day simple moving average of $167.49. The stock has a market cap of $170.84 billion, a P/E ratio of 18.83, a P/E/G ratio of 13.64 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 has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOMGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The company 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 company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts forecast that Qualcomm Incorporated will post 7.94 earnings per share for the current year.

Qualcomm Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QCOM. Mizuho increased their price objective on Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Oppenheimer set a $200.00 target price on Qualcomm in a research note on Monday, July 27th. Lake Street Capital lowered Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Craig Hallum lowered Qualcomm from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Roth Capital began coverage on Qualcomm in a research note on Friday, May 8th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Qualcomm has a consensus rating of “Hold” and a consensus target price of $203.63.

Get Our Latest Research Report on QCOM

About Qualcomm

(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.

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Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

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