Jacobs & Co. CA Lowers Position in Qualcomm Incorporated $QCOM

Key Points

• Jacobs & Co. CA reduced its Qualcomm stake by 5.2% in the second quarter, selling 4,796 shares and retaining 88,031 shares valued at approximately $16.3 million. Institutional investors overall own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, above estimates, but earnings per share of $2.21 narrowly missed forecasts and revenue declined 4% year over year. The company issued fourth-quarter guidance of $2.05–$2.25 EPS.
• Analysts have a consensus “Hold” rating with an average price target of $203.63, while Qualcomm declared a quarterly dividend of $0.92 per share, representing a 2.2% annualized yield.

Jacobs & Co. CA trimmed its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,031 shares of the wireless technology company's stock after selling 4,796 shares during the quarter. Qualcomm makes up approximately 1.4% of Jacobs & Co. CA's holdings, making the stock its 20th largest position. Jacobs & Co. CA's holdings in Qualcomm were worth $16,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QCOM. Brighton Jones LLC lifted its stake in shares of Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC grew its stake in Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares during the period. Sivia Capital Partners LLC grew its stake in Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock worth $530,000 after purchasing an additional 1,020 shares during the period. Main Street Financial Solutions LLC raised its holdings in Qualcomm by 6.1% in the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock worth $920,000 after purchasing an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in Qualcomm by 9.7% in the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock worth $1,083,000 after purchasing an additional 603 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the transaction, the executive vice president directly owned 28,184 shares of the company's stock, valued at approximately $5,972,189.60. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. The trade was 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 worth $2,112,945 in the last ninety days. Insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Shares of QCOM stock opened at $167.86 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $189.92 and a 200-day moving average price of $167.48. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The firm has a market capitalization of $176.29 billion, a PE ratio of 19.43, a P/E/G ratio of 15.41 and a beta of 1.65.

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 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 company 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 company earned $2.77 EPS. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts expect that Qualcomm Incorporated will post 7.78 earnings per share for the current year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is 42.59%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on QCOM shares. Raymond James Financial initiated coverage on shares of Qualcomm in a report on Thursday, June 25th. They set a "strong-buy" rating on the stock. Susquehanna decreased their price target on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Citigroup lowered their price target on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Summit Insights upgraded shares of Qualcomm from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. Finally, TD Cowen decreased their target price on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $203.63.

Qualcomm Company 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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