Tandem Capital Management Corp ADV cut its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 69.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,614 shares of the wireless technology company's stock after selling 10,576 shares during the quarter. Tandem Capital Management Corp ADV's holdings in Qualcomm were worth $853,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of QCOM. Your Advocates Ltd. LLP purchased a new position in Qualcomm during the first quarter valued at approximately $26,000. Torren Management LLC acquired a new position in Qualcomm in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm in the 4th quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of Qualcomm during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 74.35% of the company's stock.
Insiders Place Their Bets
In other news, 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 approximately $5,372,106.40. This represents a 8.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, 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 sold 11,325 shares of company stock valued at $1,925,859 over the last quarter. Insiders own 0.05% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on QCOM. Cantor Fitzgerald lowered their price target on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Monday, July 27th. Barclays reiterated an "underweight" rating and set a $180.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Guggenheim set a $200.00 price objective on Qualcomm in a research report on Monday, June 22nd. Lake Street Capital downgraded Qualcomm to a "hold" rating in a research note on Thursday, June 25th. Finally, Morgan Stanley dropped their target price on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $203.76.
Get Our Latest Stock Analysis on QCOM
Qualcomm Stock Performance
Shares of QCOM opened at $164.19 on Friday. The firm has a market cap of $172.44 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 15.21 and a beta of 1.65. The company's fifty day moving average is $172.49 and its 200-day moving average is $168.64. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. 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 released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.
Qualcomm Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is 42.59%.
Qualcomm Company Profile
(
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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