Qualcomm Incorporated $QCOM Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC reduced its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 8.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 192,792 shares of the wireless technology company's stock after selling 18,892 shares during the period. Qualcomm comprises approximately 1.6% of Dearborn Partners LLC's portfolio, making the stock its 8th biggest position. Dearborn Partners LLC's holdings in Qualcomm were worth $35,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of QCOM. BlackRock Inc. purchased a new position in shares of Qualcomm during the second quarter valued at approximately $17,583,115,000. Norges Bank purchased a new stake in Qualcomm in the 4th quarter valued at $2,591,056,000. Bank of New York Mellon Corp purchased a new stake in Qualcomm in the 2nd quarter valued at $1,523,930,000. Deutsche Bank AG bought a new position in Qualcomm during the 2nd quarter valued at $1,178,349,000. Finally, Wellington Management Group LLP lifted its stake 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 valued at $2,861,301,000 after acquiring an additional 4,290,622 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QCOM. Craig Hallum lowered shares of Qualcomm from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Benchmark dropped their price target on shares of Qualcomm from $300.00 to $270.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. Mizuho boosted their price target on shares of Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Tigress Financial upped their price objective on shares of Qualcomm from $270.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Finally, UBS Group decreased their price objective on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $203.76.

Qualcomm Trading Up 0.6%

NASDAQ:QCOM opened at $164.78 on Friday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. 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 firm's 50 day moving average is $173.73 and its 200 day moving average is $168.67. The stock has a market capitalization of $173.06 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 15.11 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced 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 firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same period last year, the company posted $2.77 earnings per share. Qualcomm'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. Sell-side analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

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 dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm's dividend payout ratio is presently 42.59%.

Insider Buying and Selling

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 owned 36,535 shares of the company's stock, valued at $5,372,106.40. This 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. In the last 90 days, insiders sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is owned by insiders.

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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