London & Capital Asset Management Ltd Decreases Position in Qualcomm Incorporated $QCOM

London & Capital Asset Management Ltd decreased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 61.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 58,570 shares of the wireless technology company’s stock after selling 94,937 shares during the period. Qualcomm comprises 0.7% of London & Capital Asset Management Ltd’s investment portfolio, making the stock its 28th largest position. London & Capital Asset Management Ltd’s holdings in Qualcomm were worth $9,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QCOM. Westerkirk Capital Inc. purchased a new stake in Qualcomm during the 2nd quarter valued at $4,539,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Qualcomm in the 2nd quarter worth $3,896,000. Inscription Capital LLC grew its holdings in shares of Qualcomm by 58.1% in the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock worth $2,172,000 after acquiring an additional 4,799 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Qualcomm by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock valued at $167,082,000 after acquiring an additional 16,738 shares during the last quarter. Finally, Simplify Asset Management Inc. purchased a new stake in Qualcomm during the third quarter valued at $725,000. Institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Down 2.2%

Qualcomm stock opened at $142.36 on Monday. The firm has a 50 day moving average of $157.05 and a 200 day moving average of $163.89. The firm has a market capitalization of $151.90 billion, a price-to-earnings ratio of 29.41, a P/E/G ratio of 7.11 and a beta of 1.25. Qualcomm Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share 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 the consensus estimate of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, research analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a yield of 2.5%. Qualcomm’s dividend payout ratio is currently 73.55%.

Insiders Place Their Bets

In other news, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares of the company’s stock, valued at $4,262,750.32. This represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,704 shares of company stock worth $7,818,708 in the last three months. 0.05% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on QCOM. Evercore dropped their target price on Qualcomm from $157.00 to $134.00 and set an “in-line” rating on the stock in a research report on Thursday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $200.00 price objective on shares of Qualcomm in a research note on Monday, February 2nd. Susquehanna lowered shares of Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 target price for the company. in a research report on Thursday, February 5th. Wells Fargo & Company raised shares of Qualcomm from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $135.00 to $185.00 in a report on Tuesday, February 24th. Finally, Zacks Research downgraded shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $168.48.

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.