Patriot Financial Group Insurance Agency LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 50.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,816 shares of the wireless technology company's stock after selling 6,930 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Qualcomm were worth $1,259,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Qualcomm by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock worth $19,524,350,000 after purchasing an additional 647,076 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after buying an additional 3,221,924 shares during the period. Wellington Management Group LLP lifted its holdings in 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 buying an additional 4,290,622 shares during the period. Norges Bank bought a new stake in shares of Qualcomm in the 4th quarter valued at about $2,591,056,000. Finally, Amundi raised its position in shares of Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock worth $2,136,486,000 after acquiring an additional 1,138,541 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
QCOM has been the topic of several analyst reports. Craig Hallum cut Qualcomm from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Dbs Bank upgraded shares of Qualcomm to a "moderate buy" rating in a research report on Tuesday, July 7th. Evercore set a $159.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Sanford C. Bernstein set a $165.00 target price on shares of Qualcomm in a report on Thursday, July 30th. Finally, Cantor Fitzgerald cut their price target on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Qualcomm presently has a consensus rating of "Hold" and a consensus price target of $203.63.
Check Out Our Latest Report on QCOM
Qualcomm Price Performance
Qualcomm stock opened at $165.79 on Monday. The stock has a market capitalization of $174.12 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The stock's 50 day moving average price is $182.72 and its two-hundred day moving average price is $167.82.
Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data 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 net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the prior year, the firm earned $2.77 EPS. The business's revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 7.76 earnings per share for the current year.
Qualcomm Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.
Insider Buying and Selling at Qualcomm
In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares in the company, valued at approximately $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 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 transaction of $470,528.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 11,529 shares of company stock valued at $1,991,345. Corporate insiders own 0.05% of the company's stock.
About Qualcomm
(
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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