Cypress Capital LLC trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 33.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,811 shares of the wireless technology company's stock after selling 4,888 shares during the quarter. Cypress Capital LLC's holdings in Qualcomm were worth $1,813,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in QCOM. Vanguard Group Inc. raised its holdings in shares of Qualcomm by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock worth $19,524,350,000 after acquiring an additional 647,076 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after acquiring an additional 3,221,924 shares during the period. Wellington Management Group LLP boosted its holdings in Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after acquiring an additional 4,290,622 shares during the period. Norges Bank acquired a new stake in shares of Qualcomm in the fourth quarter valued at about $2,591,056,000. Finally, Amundi grew its position in shares of Qualcomm by 9.9% in the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock valued at $2,136,486,000 after purchasing an additional 1,138,541 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Qualcomm
In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction on 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 directly owned 20,684 shares of the company's stock, valued at $3,376,869.84. This represents a 10.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 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 transaction, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. This 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 have sold a total of 11,529 shares of company stock valued at $1,991,345 in the last three months. 0.05% of the stock is currently owned by company insiders.
Qualcomm Stock Performance
Shares of QCOM stock opened at $162.18 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company has a market capitalization of $170.33 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 15.25 and a beta of 1.65. The company's 50 day moving average price is $181.61 and its two-hundred day moving average price is $167.88. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92.
Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the company earned $2.77 EPS. The company's revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts expect that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.
Qualcomm Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. Qualcomm's dividend payout ratio is 42.59%.
Analyst Ratings Changes
A number of analysts have weighed in on QCOM shares. Summit Insights raised shares of Qualcomm from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. Melius Research set a $220.00 price objective on Qualcomm in a report on Monday, May 18th. Daiwa Securities Group upgraded shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 target price on the stock in a research report on Friday, May 8th. BNP Paribas Exane cut shares of Qualcomm to a "neutral" rating in a research note on Wednesday, April 29th. Finally, Oppenheimer set a $200.00 price target on shares of Qualcomm in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $203.63.
Read Our Latest Stock Analysis on Qualcomm
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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