Qualcomm Incorporated $QCOM Shares Sold by Groupe la Francaise

Key Points

• Groupe la Francaise cut its Qualcomm stake by 39.2% in the second quarter, selling 13,493 shares and retaining 20,963 shares valued at approximately $3.87 million. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Qualcomm’s latest quarter included $9.95 billion in revenue, above expectations, but adjusted EPS of $2.21 slightly missed estimates and revenue declined 4% year over year. Analysts have a consensus “Hold” rating with an average price target of $203.76.
• The company declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 dividend and a 2.2% yield. Insiders sold 11,533 shares worth approximately $1.96 million over the past 90 days.

Groupe la Francaise lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 39.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,963 shares of the wireless technology company's stock after selling 13,493 shares during the period. Groupe la Francaise's holdings in Qualcomm were worth $3,873,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm during the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd grew its holdings in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after purchasing an additional 170 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm in the fourth quarter valued at approximately $31,000. Commonwealth Retirement Investments LLC acquired a new position in Qualcomm during the fourth quarter worth approximately $32,000. Finally, ABS Investment Management LLC acquired a new position in Qualcomm during the second quarter worth approximately $34,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Qualcomm news, EVP Heather Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia 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 sale, the chief accounting officer owned 208 shares in the company, valued at $33,872.80. This represents a 75.03% decrease in their position. 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 sold a total of 11,533 shares of company stock worth $1,961,219 in the last 90 days. 0.05% of the stock is owned by company insiders.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $168.74 on Tuesday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The stock has a market cap of $177.22 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 3.52 and a beta of 1.68. 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 fifty day moving average price of $168.65 and a 200 day moving average price of $170.04.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS 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 analysts' expectations of $9.69 billion. During the same period last year, the business earned $2.77 earnings per share. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

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

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research analyst reports. DZ Bank upgraded shares of Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price target on the stock in a report on Friday, June 26th. Evercore set a $159.00 price objective on Qualcomm in a report on Thursday, July 30th. TD Cowen reduced their target price on Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Royal Bank Of Canada lowered their price target on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating for the company in a research report on Thursday, July 30th. Finally, Guggenheim set a $200.00 price target on Qualcomm in a research note on Monday, June 22nd. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Qualcomm has an average rating of "Hold" and an average price target of $203.76.

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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