Qualcomm Incorporated $QCOM Shares Sold by OFI Invest Asset Management

OFI Invest Asset Management reduced its holdings in Qualcomm Incorporated (NASDAQ:QCOMFree Report) by 32.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,300 shares of the wireless technology company’s stock after selling 168,757 shares during the quarter. OFI Invest Asset Management’s holdings in Qualcomm were worth $66,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QCOM. Norges Bank bought a new position in shares of Qualcomm in the fourth quarter valued at $2,591,056,000. Wellington Management Group LLP boosted its stake in shares of Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after acquiring an additional 4,290,622 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after acquiring an additional 3,221,924 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Qualcomm by 28.1% in the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock worth $2,163,030,000 after acquiring an additional 2,771,490 shares during the last quarter. Finally, Viking Global Investors LP lifted its holdings in shares of Qualcomm by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after purchasing an additional 1,720,529 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction 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. The trade was a 8.05% decrease in their ownership of the stock. The sale 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, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. 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. Over the last three months, insiders sold 11,529 shares of company stock worth $1,991,345. 0.05% of the stock is owned by company insiders.

Qualcomm Stock Down 2.2%

NASDAQ:QCOM opened at $162.18 on Tuesday. The firm has a market capitalization of $170.33 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average price is $181.61 and its 200 day moving average price is $167.88.

Qualcomm (NASDAQ:QCOMGet Free Report) last announced its quarterly earnings data 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 return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same period in the prior year, the company posted $2.77 earnings per share. The firm’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. On average, sell-side analysts forecast that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Lake Street Capital cut Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Melius Research set a $220.00 price objective on shares of Qualcomm in a research note on Monday, May 18th. HSBC reiterated a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Susquehanna dropped their target price 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. Finally, The Goldman Sachs Group set a $160.00 price target on shares of Qualcomm in a 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 assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Qualcomm presently has a consensus rating of “Hold” and a consensus target price of $203.63.

Get Our Latest Analysis on Qualcomm

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.

See Also

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Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

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