Tocqueville Asset Management L.P. Sells 7,592 Shares of Qualcomm Incorporated $QCOM

Key Points

• Tocqueville Asset Management trimmed its Qualcomm stake by 1.3% (selling 7,592 shares), leaving it with 582,479 shares worth about $96.9 million, making QCOM its 10th-largest position (~1.4% of the fund).
• Qualcomm beat expectations with quarterly EPS of $3.50 versus $3.38 and revenue of $12.25 billion (up 4.7% year-over-year), and set Q2 FY2026 guidance of $2.45–$2.65 EPS.
• The company declared a quarterly dividend of $0.89 per share (annualized $3.56, ~2.7% yield; ex-dividend March 5), while insiders sold about 45,501 shares totaling roughly $7.78 million over the last quarter.

Tocqueville Asset Management L.P. trimmed its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 582,479 shares of the wireless technology company's stock after selling 7,592 shares during the quarter. Qualcomm makes up about 1.4% of Tocqueville Asset Management L.P.'s investment portfolio, making the stock its 10th biggest position. Tocqueville Asset Management L.P. owned 0.05% of Qualcomm worth $96,901,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of QCOM. Harbor Capital Advisors Inc. boosted its holdings in shares of Qualcomm by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in Qualcomm during the 3rd quarter valued at $27,000. Winnow Wealth LLC acquired a new stake in Qualcomm during the 2nd quarter valued at $32,000. Lavaca Capital LLC bought a new position in Qualcomm in the 2nd quarter valued at $32,000. Finally, Howard Hughes Medical Institute acquired a new position in Qualcomm in the second quarter worth $38,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Trading Up 0.8%

Shares of NASDAQ QCOM traded up $1.00 during midday trading on Friday, hitting $132.15. The stock had a trading volume of 1,571,098 shares, compared to its average volume of 10,259,817. The firm has a market cap of $141.00 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 6.69 and a beta of 1.25. Qualcomm Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The company's 50-day simple moving average is $150.40 and its 200 day simple moving average is $162.53.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.12. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Research analysts anticipate that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.7%. Qualcomm's dividend payout ratio is presently 73.55%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on QCOM shares. Robert W. Baird set a $177.00 target price on Qualcomm in a report on Thursday, February 5th. UBS Group reaffirmed a "neutral" rating on shares of Qualcomm in a report on Monday, February 2nd. TD Cowen decreased their price objective on shares of Qualcomm from $190.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, February 5th. Citigroup reissued a "neutral" rating on shares of Qualcomm in a report on Thursday, January 15th. Finally, Susquehanna downgraded shares of Qualcomm from a "positive" rating to a "neutral" rating and set a $140.00 target price for the company. in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $168.00.

Insider Buying and Selling at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares in the company, valued at $2,245,841. The trade was a 16.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Akash J. Palkhiwala sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the sale, the executive vice president directly owned 44,803 shares of the company's stock, valued at approximately $7,845,901.36. This trade represents a 18.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,501 shares of company stock worth $7,784,198 over the last quarter. Company insiders own 0.05% of the company's stock.

About Qualcomm

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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