Royal London Asset Management Ltd. Decreases Holdings in Qualcomm Incorporated $QCOM

Key Points

• Royal London Asset Management cut its Qualcomm stake by 3.7%, selling 41,431 shares and retaining 1.07 million shares valued at approximately $198.4 million. Institutional investors collectively own 74.35% of the company.
• Qualcomm insiders sold 11,325 shares worth about $1.93 million over the past 90 days, while company insiders own just 0.05% of outstanding shares.
• Qualcomm reported quarterly revenue of $9.95 billion, beating estimates, but earnings per share slightly missed expectations and revenue declined 4% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $203.76, and the company declared a quarterly dividend of $0.92 per share.

Royal London Asset Management Ltd. reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,073,880 shares of the wireless technology company's stock after selling 41,431 shares during the period. Royal London Asset Management Ltd. owned approximately 0.10% of Qualcomm worth $198,442,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC boosted its position in shares of Qualcomm by 3.4% in the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock worth $295,000 after buying an additional 53 shares during the period. Wall Street Financial Group Inc. grew its stake in shares of Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock valued at $564,000 after buying an additional 57 shares in the last quarter. Sunbeam Capital Management LLC raised its holdings in shares of Qualcomm by 3.7% during the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock valued at $303,000 after buying an additional 58 shares during the period. Basepoint Wealth LLC raised its holdings in shares of Qualcomm by 1.8% during the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock valued at $429,000 after buying an additional 59 shares during the period. Finally, Five Oceans Advisors lifted its position in Qualcomm by 3.3% during the 2nd quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company's stock worth $338,000 after acquiring an additional 59 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was 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 in the company, valued at approximately $33,872.80. This represents a 75.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm's stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the sale, the executive vice president directly owned 23,184 shares in the company, valued at approximately $4,191,899.04. This trade represents a 9.73% 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 worth $1,925,859 over the last ninety days. Company insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Qualcomm stock opened at $164.19 on Friday. The company has a market cap of $172.44 billion, a PE ratio of 19.00, a P/E/G ratio of 15.21 and a beta of 1.65. The company has a fifty day moving average price of $172.49 and a two-hundred day moving average price of $168.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. 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 issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the company posted $2.77 earnings per share. The firm'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. Research analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

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 issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. HSBC restated a "hold" rating on shares of Qualcomm in a report on Wednesday, July 15th. Citigroup reduced their target price on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $160.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Craig Hallum cut shares of Qualcomm from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Finally, Freedom Capital raised Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Qualcomm presently has a consensus rating of "Hold" and a consensus target price 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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