Advisors Capital Management LLC decreased its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 26.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 337,481 shares of the wireless technology company's stock after selling 123,085 shares during the quarter. Advisors Capital Management LLC's holdings in Qualcomm were worth $62,363,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. Your Advocates Ltd. LLP bought a new position in Qualcomm during the 1st quarter worth approximately $26,000. Torren Management LLC acquired a new position in Qualcomm during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its stake in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after purchasing an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in Qualcomm in the fourth quarter valued at approximately $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Qualcomm in the fourth quarter worth $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.
Qualcomm Stock Up 0.0%
Shares of Qualcomm stock opened at $160.75 on Friday. The business's 50 day simple moving average is $178.26 and its 200 day simple moving average is $168.01. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The firm has a market cap of $168.82 billion, a PE ratio of 18.61, a P/E/G ratio of 14.84 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 - Get Free Report) last released its earnings results 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). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the firm posted $2.77 EPS. The company's revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.
Qualcomm Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's payout ratio is currently 42.59%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on QCOM shares. Cantor Fitzgerald reduced their price target on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a research report on Monday, July 27th. Bank of America upped their price objective on shares of Qualcomm from $165.00 to $195.00 and gave the company an "underperform" rating in a research report on Tuesday, June 23rd. Lake Street Capital downgraded Qualcomm to a "hold" rating in a research note on Thursday, June 25th. Roth Capital started coverage on Qualcomm in a report on Friday, May 8th. They set a "buy" rating on the stock. Finally, Susquehanna decreased their target price on Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Two investment 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $203.63.
View Our Latest Research Report on Qualcomm
Insider Buying and Selling
In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $33,872.80. The trade was a 75.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 11,325 shares of company stock worth $1,925,859. 0.05% of the stock is owned by insiders.
Qualcomm Company Profile
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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.
Further Reading
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