Manhattan West Asset Management LLC cut its position in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 29.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,754 shares of the wireless technology company’s stock after selling 6,996 shares during the quarter. Manhattan West Asset Management LLC’s holdings in Qualcomm were worth $3,096,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in QCOM. Torren Management LLC acquired a new position in Qualcomm during the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd boosted 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 valued at $29,000 after acquiring an additional 170 shares during the period. Birchwood Financial Partners Inc. purchased a new position in shares of Qualcomm during the fourth quarter worth approximately $31,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Qualcomm during the fourth quarter worth approximately $32,000. Finally, Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm in the 1st quarter valued at $26,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.
Insider Buying and Selling
In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the business’s 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 transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $33,872.80. The trade was a 75.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This trade represents a 8.05% 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 ninety days. Corporate insiders own 0.05% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Qualcomm
Qualcomm Stock Performance
NASDAQ:QCOM opened at $160.75 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market cap of $168.82 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The firm’s fifty day moving average price is $178.26 and its 200 day moving average price is $168.01. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.
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 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 firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter in the previous year, the company posted $2.77 EPS. The firm’s quarterly revenue 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, sell-side analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.
Qualcomm Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is 42.59%.
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.
Featured Articles
- Five stocks we like better than Qualcomm
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM – Free Report).
Receive News & Ratings for Qualcomm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualcomm and related companies with MarketBeat.com's FREE daily email newsletter.
