Canada Post Corp Registered Pension Plan Trims Holdings in Qualcomm Incorporated $QCOM

Key Points

• Canada Post’s pension plan cut its Qualcomm stake by 11.9% in the second quarter, selling 4,927 shares and retaining 36,309 shares valued at approximately $6.71 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm’s latest quarter showed mixed results: revenue of $9.95 billion exceeded expectations, but adjusted earnings of $2.21 per share fell short of estimates and revenue declined 4% year over year.
• Insiders sold 11,529 shares worth about $1.99 million over the past 90 days, while analysts maintain a consensus “Hold” rating with an average price target of $203.63. Qualcomm also announced a quarterly dividend of $0.92 per share, yielding roughly 2.2% annually.

Canada Post Corp Registered Pension Plan lessened its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 11.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 36,309 shares of the wireless technology company's stock after selling 4,927 shares during the period. Canada Post Corp Registered Pension Plan's holdings in Qualcomm were worth $6,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in shares of Qualcomm in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after acquiring an additional 170 shares during the period. Birchwood Financial Partners Inc. purchased a new position in Qualcomm during the 4th quarter valued at about $31,000. Commonwealth Retirement Investments LLC acquired a new position in Qualcomm in the 4th quarter valued at about $32,000. Finally, Your Advocates Ltd. LLP acquired a new position in Qualcomm in the 1st quarter valued at about $26,000. Hedge funds and other 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 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through 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 the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This trade represents 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 sold 11,529 shares of company stock worth $1,991,345 over the last 90 days. Corporate insiders own 0.05% of the company's stock.

Qualcomm Price Performance

Qualcomm stock opened at $165.79 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $182.72 and a 200-day simple moving average of $167.72. The stock has a market cap of $174.12 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly 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). The company had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts expect that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is currently 42.59%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Susquehanna reduced their price target on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Craig Hallum downgraded shares of Qualcomm from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Oppenheimer set a $200.00 target price on shares of Qualcomm in a report on Monday, July 27th. Finally, Guggenheim set a $200.00 price target on shares of Qualcomm in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Qualcomm presently has an average rating of "Hold" and a consensus price target of $203.63.

About Qualcomm

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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