Farringdon Capital Ltd. Has $295,000 Holdings in Qualcomm Incorporated $QCOM

Key Points

• Farringdon Capital cut its Qualcomm stake by 86.3% in the second quarter, leaving it with 1,595 shares valued at approximately $295,000. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS of $2.21 narrowly missed expectations and revenue declined 4% year over year. Analysts maintain an average “Hold” rating with a consensus price target of $203.63.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to $3.68 annually and a 2.3% yield. Company insiders sold 11,325 shares worth about $1.93 million over the past three months.

Farringdon Capital Ltd. lowered its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 86.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,595 shares of the wireless technology company's stock after selling 10,013 shares during the period. Farringdon Capital Ltd.'s holdings in Qualcomm were worth $295,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Torren Management LLC bought a new stake in Qualcomm during the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 worth $29,000 after purchasing an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of Qualcomm during the 4th quarter worth about $31,000. Commonwealth Retirement Investments LLC bought a new stake in Qualcomm during the 4th quarter valued at approximately $32,000. Finally, Your Advocates Ltd. LLP bought a new stake in Qualcomm during the 1st quarter valued at approximately $26,000. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 625 shares of the company's 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 completion of the transaction, the chief accounting officer directly owned 208 shares of the company's stock, valued at approximately $33,872.80. This represents a 75.03% decrease in their position. The sale was disclosed in a document filed 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 stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is owned by corporate insiders.

Qualcomm Stock Performance

Shares of NASDAQ:QCOM opened at $160.75 on Monday. The firm's 50 day simple moving average is $178.26 and its 200 day simple moving average is $168.12. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a market capitalization of $168.82 billion, a price-to-earnings 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 current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) 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 analyst estimates of $9.69 billion. During the same quarter in the prior year, the firm posted $2.77 EPS. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.3%. Qualcomm's payout ratio is currently 42.59%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a research report on Friday, June 5th. Dbs Bank raised Qualcomm to a "moderate buy" rating in a research note on Tuesday, July 7th. TD Cowen decreased their price objective on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Monness Crespi & Hardt upgraded shares of Qualcomm to a "buy" rating in a research report on Thursday, June 25th. Finally, BNP Paribas Exane lowered Qualcomm to a "neutral" rating in a research report on Wednesday, April 29th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $203.63.

Qualcomm 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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