JT Stratford LLC Decreases Stock Position in Qualcomm Incorporated $QCOM

JT Stratford LLC decreased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 32.7% in the 3rd quarter, Holdings Channel reports. The fund owned 8,978 shares of the wireless technology company’s stock after selling 4,363 shares during the period. JT Stratford LLC’s holdings in Qualcomm were worth $1,494,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QCOM. Harbor Capital Advisors Inc. grew its holdings in Qualcomm by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC acquired a new position in Qualcomm in the 3rd quarter worth $27,000. Winnow Wealth LLC purchased a new position in Qualcomm in the 2nd quarter valued at about $32,000. Lavaca Capital LLC acquired a new stake in shares of Qualcomm during the second quarter valued at about $32,000. Finally, Guerra Advisors Inc acquired a new stake in shares of Qualcomm during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In related news, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares of the company’s stock, valued at $4,640,898.71. This represents a 37.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the sale, the executive vice president owned 23,944 shares in the company, valued at approximately $4,262,750.32. This trade represents a 23.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 45,501 shares of company stock valued at $7,784,198. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the topic of several recent analyst reports. Cantor Fitzgerald cut their price target on Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Bank of America downgraded Qualcomm from a “buy” rating to a “neutral” rating and set a $155.00 price objective on the stock. in a report on Thursday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $200.00 target price on shares of Qualcomm in a research note on Monday, February 2nd. Rosenblatt Securities decreased their price target on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Loop Capital raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Tuesday, February 24th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $168.48.

Qualcomm Price Performance

Shares of QCOM opened at $139.51 on Thursday. Qualcomm Incorporated has a 52 week low of $120.80 and a 52 week 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. The firm has a market cap of $148.86 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 6.88 and a beta of 1.25. The stock has a 50 day moving average of $154.95 and a 200-day moving average of $163.46.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. During the same period in the prior year, the company posted $3.41 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, analysts forecast that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, March 5th. Qualcomm’s dividend payout ratio (DPR) is presently 73.55%.

About Qualcomm

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.