Qualcomm Incorporated $QCOM Stock Holdings Trimmed by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc lessened its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 29.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 40,814 shares of the wireless technology company’s stock after selling 17,336 shares during the quarter. Qualcomm comprises approximately 1.6% of Foyston Gordon & Payne Inc’s holdings, making the stock its 26th largest position. Foyston Gordon & Payne Inc’s holdings in Qualcomm were worth $7,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Your Advocates Ltd. LLP bought a new stake in shares of Qualcomm during the first quarter valued at about $26,000. Torren Management LLC bought a new position in Qualcomm in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd increased its stake in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares during the period. Birchwood Financial Partners Inc. acquired a new position in Qualcomm during the 4th quarter valued at about $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of Qualcomm during the 4th quarter worth about $32,000. Institutional investors own 74.35% of the company’s stock.

Qualcomm Price Performance

NASDAQ QCOM opened at $160.75 on Monday. 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 company’s 50 day simple moving average is $178.26 and its 200 day simple moving average is $168.12. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a market capitalization of $168.82 billion, a P/E ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the sale, the executive vice president owned 23,184 shares in the company, valued at $4,191,899.04. This represents a 9.73% decrease in their position. 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 have sold 11,325 shares of company stock worth $1,925,859 in the last three months. 0.05% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Roth Capital started coverage on shares of Qualcomm in a report on Friday, May 8th. They issued a “buy” rating for the company. The Goldman Sachs Group set a $160.00 target price on Qualcomm in a report on Thursday, July 30th. DZ Bank upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a research report on Friday, June 26th. Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada lowered their price target on Qualcomm from $250.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average target price of $203.63.

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.