Lingohr Asset Management GmbH Sells 29,687 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Lingohr Asset Management GmbH significantly reduced its stake in QUALCOMM by 89.7%, selling 29,687 shares and holding only 3,403 shares after the sale.
• QUALCOMM reported $2.77 earnings per share for the last quarter, exceeding analyst expectations, and had a revenue of $10.37 billion, which is a 10.4% increase year-over-year.
• The company declared a quarterly dividend of $0.89 per share, with an expected annual yield of 2.2%, to be paid on September 25th.

Lingohr Asset Management GmbH cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 89.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,403 shares of the wireless technology company's stock after selling 29,687 shares during the quarter. Lingohr Asset Management GmbH's holdings in QUALCOMM were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC boosted its position in QUALCOMM by 6.7% during the 1st quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock worth $161,000 after buying an additional 66 shares during the period. Bell Investment Advisors Inc boosted its position in QUALCOMM by 4.6% during the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock worth $231,000 after buying an additional 66 shares during the period. Westwood Holdings Group Inc. boosted its position in QUALCOMM by 2.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock worth $509,000 after buying an additional 69 shares during the period. Collaborative Wealth Managment Inc. boosted its position in QUALCOMM by 5.1% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock worth $217,000 after buying an additional 69 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its position in QUALCOMM by 0.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after buying an additional 69 shares during the period. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $161.83 on Monday. The company has a fifty day moving average of $156.39 and a 200-day moving average of $152.01. The firm has a market capitalization of $174.61 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.35 and a beta of 1.21. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is 34.33%.

Analyst Ratings Changes

Several research firms recently commented on QCOM. UBS Group lifted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Piper Sandler cut their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Arete Research set a $200.00 price target on shares of QUALCOMM in a research report on Tuesday, August 26th. Finally, Citigroup restated a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, QUALCOMM currently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Neil Martin sold 791 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,626 shares of company stock worth $1,948,054. Company insiders own 0.08% of the company's stock.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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