Dimensional Fund Advisors LP Decreases Stock Holdings in Qualcomm Incorporated $QCOM

Dimensional Fund Advisors LP reduced its position in shares of Qualcomm Incorporated (NASDAQ:QCOMFree Report) by 8.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,811,601 shares of the wireless technology company’s stock after selling 651,860 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Qualcomm were worth $877,167,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new position in shares of Qualcomm during the first quarter valued at about $26,000. Richardson Financial Services Inc. boosted its holdings in shares of Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC bought a new stake in shares of Qualcomm in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its stake 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 purchasing an additional 170 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in Qualcomm during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity

In related news, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares in the company, valued at $35,562,240. The trade was a 4.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, May 12th. The shares were sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the transaction, the executive vice president directly owned 28,184 shares in the company, valued at $5,972,189.60. This trade represents a 8.15% 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 three months, insiders have sold 21,721 shares of company stock worth $4,044,465. Corporate insiders own 0.05% of the company’s stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

Analysts Set New Price Targets

A number of research firms have commented on QCOM. Dbs Bank raised Qualcomm to a “moderate buy” rating in a research report on Tuesday, July 7th. Oppenheimer lowered Qualcomm from a “market perform” rating to a “market perform” rating in a research report on Friday, May 8th. DZ Bank raised Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a research note on Friday, June 26th. JPMorgan Chase & Co. upped their target price on Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a report on Friday, June 5th. Finally, Royal Bank Of Canada raised their price target on Qualcomm from $175.00 to $250.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Qualcomm presently has an average rating of “Hold” and a consensus price target of $221.31.

Get Our Latest Report on Qualcomm

Qualcomm Price Performance

QCOM stock opened at $171.78 on Monday. The business has a 50 day moving average of $207.62 and a 200 day moving average of $168.39. The firm has a market cap of $181.06 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 5.10 and a beta of 1.63. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOMGet Free Report) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, research analysts forecast that Qualcomm Incorporated will post 7.97 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company 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 annualized dividend and a yield of 2.1%. Qualcomm’s payout ratio is 40.00%.

About Qualcomm

(Free Report)

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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Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

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