Shelter Mutual Insurance Co Sells 15,300 Shares of Qualcomm Incorporated $QCOM

Key Points

• Shelter Mutual Insurance Co. cut its Qualcomm stake by 30% in the second quarter, selling 15,300 shares and retaining 35,785 shares valued at approximately $6.6 million. Institutional investors own 74.35% of Qualcomm.
• Analyst sentiment is mixed, with Qualcomm receiving a consensus “Hold” rating and an average price target of $203.63, despite several analysts recently lowering their targets.
• Qualcomm reported quarterly revenue of $9.95 billion, above expectations, but earnings of $2.21 per share narrowly missed estimates and revenue declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, representing a 2.3% yield.

Shelter Mutual Insurance Co lowered its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 30.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,785 shares of the wireless technology company's stock after selling 15,300 shares during the quarter. Qualcomm accounts for 1.4% of Shelter Mutual Insurance Co's portfolio, making the stock its 28th largest position. Shelter Mutual Insurance Co's holdings in Qualcomm were worth $6,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Your Advocates Ltd. LLP bought a new position in shares of Qualcomm during the 1st quarter valued at $26,000. Torren Management LLC purchased a new position in shares of Qualcomm in the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 worth $29,000 after acquiring an additional 170 shares during the period. Birchwood Financial Partners Inc. bought a new stake in shares of Qualcomm in the fourth quarter worth $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Qualcomm during the fourth quarter valued at $32,000. Institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on QCOM shares. Citigroup lowered their target price on Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Mizuho boosted their price target on Qualcomm from $170.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, June 29th. Morgan Stanley reduced their price target on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. TD Cowen lowered their price objective on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group set a $160.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Qualcomm has an average rating of "Hold" and a consensus target price of $203.63.

Insider Buying and Selling at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 that occurred on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the sale, the executive vice president owned 23,184 shares in the company, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,325 shares of company stock worth $1,925,859 over the last 90 days. 0.05% of the stock is owned by insiders.

Qualcomm Price Performance

NASDAQ QCOM opened at $160.75 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.28 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. The stock has a market cap of $168.82 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65. The company's 50 day moving average is $178.26 and its two-hundred day moving average is $168.01.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced 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 business had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter in the previous year, the firm earned $2.77 earnings per share. Qualcomm's revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

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

Qualcomm Company 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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