Jones Financial Companies Lllp Lowers Stock Holdings in Qualcomm Incorporated $QCOM

Jones Financial Companies Lllp lessened its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 13.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 687,070 shares of the wireless technology company’s stock after selling 105,081 shares during the quarter. Jones Financial Companies Lllp’s holdings in Qualcomm were worth $130,107,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. purchased a new stake in Qualcomm during the 2nd quarter worth about $17,583,115,000. Norges Bank acquired a new stake in Qualcomm in the fourth quarter valued at approximately $2,591,056,000. Bank of New York Mellon Corp acquired a new position in Qualcomm during the 2nd quarter worth approximately $1,523,930,000. Deutsche Bank AG purchased a new stake in shares of Qualcomm in the 2nd quarter valued at approximately $1,178,349,000. Finally, Wellington Management Group LLP raised its holdings in shares of Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore set a $159.00 target price on Qualcomm in a report on Thursday, July 30th. Robert W. Baird set a $400.00 price target on Qualcomm in a report on Thursday, July 30th. Wells Fargo & Company cut their price objective on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. UBS Group lowered their target price on shares of Qualcomm from $190.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Finally, Argus set a $220.00 price target on shares of Qualcomm in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $203.63.

Qualcomm Trading Down 1.4%

Shares of Qualcomm stock opened at $158.53 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company has a market capitalization of $166.49 billion, a P/E ratio of 18.35, a PEG ratio of 14.84 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’s fifty day moving average is $177.01 and its two-hundred day moving average is $168.20.

Qualcomm (NASDAQ:QCOM) last announced its earnings results 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 net margin of 21.01% and a return on equity of 38.36%. 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 previous year, the company posted $2.77 earnings per share. Qualcomm’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 yield of 2.3%. Qualcomm’s dividend payout ratio is currently 42.59%.

Insiders Place Their Bets

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction that occurred on Friday, August 21st. The stock was 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 in the company, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% 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. In the last ninety days, insiders sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is owned by company insiders.

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.