Jefferies Financial Group Inc. Sells 98,733 Shares of Qualcomm Incorporated $QCOM

Jefferies Financial Group Inc. lessened its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 84.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,270 shares of the wireless technology company's stock after selling 98,733 shares during the period. Jefferies Financial Group Inc.'s holdings in Qualcomm were worth $3,376,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Qualcomm during the second quarter valued at approximately $17,583,115,000. Norges Bank acquired a new stake in Qualcomm during the fourth quarter worth $2,591,056,000. Bank of New York Mellon Corp bought a new stake in Qualcomm in the 2nd quarter valued at $1,523,930,000. Deutsche Bank AG acquired a new position in shares of Qualcomm in the 2nd quarter valued at $1,178,349,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after acquiring an additional 4,290,622 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Price Performance

Shares of QCOM stock opened at $164.19 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. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The firm has a fifty day moving average of $172.49 and a 200-day moving average of $168.64. The firm has a market capitalization of $172.44 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 15.21 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. The business'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 forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is presently 42.59%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on QCOM shares. Sanford C. Bernstein set a $165.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Zacks Research raised Qualcomm from a "strong sell" rating to a "hold" rating in a report on Monday, May 4th. Citigroup decreased their price target on Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. HSBC reissued a "hold" rating on shares of Qualcomm in a report on Wednesday, July 15th. Finally, Craig Hallum cut shares of Qualcomm from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $203.76.

Insiders Place Their Bets

In related news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $408,150.00. Following the completion of the transaction, the executive vice president directly owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. The trade was a 10.78% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 11,325 shares of company stock worth $1,925,859. Company insiders own 0.05% of the company's stock.

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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