Qualcomm Incorporated $QCOM Position Reduced by Encore Global Management LP

Key Points

• Encore Global Management LP reduced its Qualcomm stake by 19.3% in the second quarter, selling 4,670 shares and retaining 19,530 shares valued at approximately $3.6 million. Institutional investors collectively own 74.35% of QCOM.
• Qualcomm reported quarterly EPS of $2.21, slightly below analyst expectations, while revenue of $9.95 billion exceeded estimates but declined 4% year over year. The company declared a quarterly dividend of $0.92 per share, implying a 2.3% annualized yield.
• Qualcomm shares opened at $160.75, below the analyst consensus price target of $203.63. Ratings remain mixed, with the stock carrying an overall “Hold” consensus, while insiders sold 11,325 shares worth approximately $1.93 million over the last quarter.

Encore Global Management LP cut its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 19.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,530 shares of the wireless technology company's stock after selling 4,670 shares during the period. Qualcomm makes up 3.5% of Encore Global Management LP's portfolio, making the stock its 7th largest position. Encore Global Management LP's holdings in Qualcomm were worth $3,609,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QCOM. Baxter Bros Inc. purchased a new position in shares of Qualcomm during the second quarter valued at approximately $17,844,000. MUFG Securities EMEA plc lifted its stake in Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after acquiring an additional 23,262 shares during the period. Swedbank AB lifted its stake in Qualcomm by 1.5% in the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after acquiring an additional 23,110 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Qualcomm by 5.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock valued at $24,578,000 after acquiring an additional 7,804 shares in the last quarter. Finally, Valley Wealth Managers Inc. boosted its holdings in Qualcomm by 6.1% in the fourth quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock valued at $6,844,000 after acquiring an additional 2,288 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were 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 owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. This trade 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, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at $33,872.80. The trade was a 75.03% 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 11,325 shares of company stock valued at $1,925,859 over the last quarter. Corporate insiders own 0.05% of the company's stock.

Qualcomm Price Performance

QCOM opened at $160.75 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company has a market cap of $168.82 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The stock has a fifty day simple moving average of $178.26 and a two-hundred day simple moving average of $168.01. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results 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 business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is 42.59%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore set a $159.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Daiwa Securities Group raised shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 target price on the stock in a research note on Friday, May 8th. Raymond James Financial began coverage on shares of Qualcomm in a research report on Thursday, June 25th. They set a "strong-buy" rating on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $160.00 price target on shares of Qualcomm in a research note on Thursday, April 30th. Finally, Rosenblatt Securities lowered their price objective on shares of Qualcomm from $265.00 to $235.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company 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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