Sanctuary Advisors LLC Sells 30,137 Shares of Qualcomm Incorporated $QCOM

Sanctuary Advisors LLC cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 14.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,694 shares of the wireless technology company's stock after selling 30,137 shares during the quarter. Sanctuary Advisors LLC's holdings in Qualcomm were worth $34,130,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Torren Management LLC acquired a new position in shares of Qualcomm in the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd increased its position in Qualcomm by 17,000.0% during the 4th 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. bought a new position in Qualcomm during the 4th quarter worth approximately $31,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Qualcomm in the 4th quarter worth approximately $32,000. Finally, Your Advocates Ltd. LLP bought a new stake in Qualcomm during the first quarter valued at $26,000. Institutional investors own 74.35% of the company's stock.

Qualcomm Stock Down 1.4%

QCOM stock opened at $158.53 on Tuesday. The firm has a market capitalization of $166.49 billion, a PE ratio of 18.35, a PEG ratio of 14.84 and a beta of 1.65. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The stock has a 50-day simple moving average of $177.01 and a two-hundred day simple moving average of $168.20. 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 (NASDAQ:QCOM - Get Free Report) last announced its earnings results 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). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the firm 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. On average, equities analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 dividend on an annualized basis and a yield of 2.3%. Qualcomm's dividend payout ratio is presently 42.59%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $160.00 price target on shares of Qualcomm in a report on Thursday, April 30th. TD Cowen cut their price target on Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Guggenheim set a $200.00 target price on shares of Qualcomm in a research note on Monday, June 22nd. Daiwa Securities Group upgraded shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 target price for the company in a report on Friday, May 8th. Finally, Susquehanna dropped their price target on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned 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.com, Qualcomm currently has a consensus rating of "Hold" and an average price target of $203.63.

Insider Transactions at Qualcomm

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 value of $101,781.25. Following the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm's stock in a transaction 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 transaction, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. 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 ninety days, insiders sold 11,325 shares of company stock valued at $1,925,859. Company insiders own 0.05% of the company's stock.

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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