Jones Financial Companies Lllp lessened its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 13.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 687,070 shares of the wireless technology company's stock after selling 105,081 shares during the quarter. Jones Financial Companies Lllp owned about 0.07% of Qualcomm worth $130,107,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Park Place Capital Corp increased its position in shares of Qualcomm by 6.4% during the second quarter. Park Place Capital Corp now owns 7,701 shares of the wireless technology company's stock worth $1,423,000 after purchasing an additional 463 shares in the last quarter. Fiduciary Financial Advisors purchased a new position in Qualcomm in the 2nd quarter valued at $222,000. Aberdeen Wealth Management LLC acquired a new stake in Qualcomm during the 2nd quarter worth $100,000. Visionary Wealth Advisors grew its holdings in shares of Qualcomm by 1.4% during the second quarter. Visionary Wealth Advisors now owns 77,348 shares of the wireless technology company's stock worth $14,293,000 after buying an additional 1,063 shares in the last quarter. Finally, Cullen Capital Management LLC grew its holdings in shares of Qualcomm by 4.7% during the second quarter. Cullen Capital Management LLC now owns 939,601 shares of the wireless technology company's stock worth $173,629,000 after buying an additional 42,384 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
QCOM has been the topic of a number of recent research reports. Argus set a $220.00 price target on shares of Qualcomm in a research report on Friday, May 1st. Melius Research set a $220.00 price objective on shares of Qualcomm in a report on Monday, May 18th. Robert W. Baird set a $400.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Cantor Fitzgerald lowered their target price on Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Monday, July 27th. Finally, Guggenheim set a $200.00 price target on Qualcomm in a research report on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $203.63.
Check Out Our Latest Report on Qualcomm
Qualcomm Stock Performance
NASDAQ:QCOM opened at $158.53 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market capitalization of $166.49 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 14.84 and a beta of 1.65. The company's 50-day moving average is $177.01 and its two-hundred day moving average is $168.20. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.
Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.
Qualcomm Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid 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 2.3%. Qualcomm's dividend payout ratio (DPR) is 42.59%.
Insiders Place Their Bets
In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the transaction, the executive vice president directly owned 20,684 shares in the company, valued at approximately $3,376,869.84. This trade represents a 10.78% 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 11,325 shares of company stock valued at $1,925,859 over the last quarter. 0.05% of the stock is owned by insiders.
Qualcomm Company Profile
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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.
See Also
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