Diversified Trust Co. trimmed its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 37.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,022 shares of the wireless technology company's stock after selling 22,285 shares during the quarter. Diversified Trust Co.'s holdings in Qualcomm were worth $6,841,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP purchased a new position in Qualcomm during the first quarter valued at $26,000. Torren Management LLC bought a new stake in Qualcomm during the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd increased its position 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 worth $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm in the fourth quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm in the fourth quarter worth about $32,000. 74.35% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently issued reports on QCOM. Susquehanna reduced their target price on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Monness Crespi & Hardt raised shares of Qualcomm to a "buy" rating in a report on Thursday, June 25th. Daiwa Securities Group upgraded shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price target for the company in a research report on Friday, May 8th. Tigress Financial upped their price target on shares of Qualcomm from $270.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Finally, Guggenheim set a $200.00 price objective on shares of Qualcomm in a research note on Monday, June 22nd. Two equities 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 MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $203.63.
Read Our Latest Stock Analysis on QCOM
Insiders Place Their Bets
In related news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction 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. Insiders have sold 11,529 shares of company stock worth $1,991,345 in the last ninety days. 0.05% of the stock is owned by company insiders.
Qualcomm Stock Down 2.2%
Shares of NASDAQ QCOM opened at $162.18 on Tuesday. 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 Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The firm's 50-day moving average price is $181.61 and its 200-day moving average price is $167.88. The stock has a market capitalization of $170.33 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 15.25 and a beta of 1.65.
Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data 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 net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter last year, the firm earned $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, equities research analysts anticipate that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.
Qualcomm Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.
Qualcomm Profile
(
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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