Fort Washington Investment Advisors Inc. OH cut its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 486,440 shares of the wireless technology company's stock after selling 12,792 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Qualcomm were worth $89,889,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in QCOM. Torren Management LLC acquired a new position in shares of Qualcomm in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its position in Qualcomm by 17,000.0% in 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 in the last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of Qualcomm during the fourth quarter worth about $31,000. Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm during the 4th quarter worth approximately $32,000. Finally, Your Advocates Ltd. LLP bought a new position in shares of Qualcomm in the 1st quarter valued at about $26,000. Institutional investors own 74.35% of the company's stock.
Qualcomm Stock Performance
Shares of Qualcomm stock opened at $162.18 on Tuesday. The business has a 50-day simple moving average of $181.61 and a 200 day simple moving average of $167.88. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market capitalization of $170.33 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 15.25 and a beta of 1.65.
Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company's revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts anticipate that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.
Qualcomm Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on QCOM shares. Morgan Stanley cut their target price on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Argus set a $220.00 price target on Qualcomm in a research report on Friday, May 1st. Craig Hallum downgraded Qualcomm from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Benchmark dropped their price target on Qualcomm from $300.00 to $270.00 and set a "buy" rating for the company in a research note on Monday, July 27th. Finally, Bank of America upped their price target on shares of Qualcomm from $165.00 to $195.00 and gave the company an "underperform" rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $203.63.
Read Our Latest Research Report on Qualcomm
Insider Activity at Qualcomm
In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the firm's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,529 shares of company stock valued at $1,991,345. 0.05% of the stock is owned by insiders.
Qualcomm Profile
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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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