Barrow Hanley Mewhinney & Strauss LLC Sells 2,671,679 Shares of Qualcomm Incorporated $QCOM

Barrow Hanley Mewhinney & Strauss LLC lessened its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 71.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,064,560 shares of the wireless technology company's stock after selling 2,671,679 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 0.10% of Qualcomm worth $196,720,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its position in shares of Qualcomm by 3.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock valued at $295,000 after purchasing an additional 53 shares during the last quarter. Wall Street Financial Group Inc. boosted its holdings in shares of Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock worth $564,000 after buying an additional 57 shares during the last quarter. Sunbeam Capital Management LLC boosted its holdings in shares of Qualcomm by 3.7% in the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock worth $303,000 after buying an additional 58 shares during the last quarter. Basepoint Wealth LLC grew its position in Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock valued at $429,000 after buying an additional 59 shares during the period. Finally, Five Oceans Advisors increased its holdings in Qualcomm by 3.3% during the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company's stock valued at $338,000 after buying an additional 59 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Qualcomm Price Performance

Shares of QCOM stock opened at $160.75 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company's fifty day moving average price is $178.26 and its 200-day moving average price is $168.12. The company has a market capitalization of $168.82 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65.

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

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

Analyst Upgrades and Downgrades

QCOM has been the topic of several recent research reports. Citigroup decreased their price target on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Rosenblatt Securities cut their price objective on shares of Qualcomm from $265.00 to $235.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Oppenheimer set a $200.00 target price on Qualcomm in a report on Monday, July 27th. Royal Bank Of Canada lowered their target price on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 30th. Finally, Argus set a $220.00 price target on Qualcomm in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Qualcomm presently has a consensus rating of "Hold" and an average price target of $203.63.

Insider Buying and Selling

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the sale, the executive vice president owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. This trade represents a 10.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $33,872.80. This represents a 75.03% 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. 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 corporate insiders.

Qualcomm Company 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.

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