Canada Post Corp Registered Pension Plan Decreases Stake in Qualcomm Incorporated $QCOM

Canada Post Corp Registered Pension Plan cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 11.9% during the second quarter, HoldingsChannel.com reports. The firm owned 36,309 shares of the wireless technology company’s stock after selling 4,927 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Qualcomm were worth $6,710,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC grew its position in Qualcomm by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after buying an additional 9,343 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Qualcomm by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after acquiring an additional 340 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Qualcomm by 44.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after acquiring an additional 1,020 shares during the period. Main Street Financial Solutions LLC boosted its stake in shares of Qualcomm by 6.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after acquiring an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in shares of Qualcomm by 9.7% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock worth $1,083,000 after acquiring an additional 603 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Up 0.6%

QCOM opened at $165.79 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm has a market cap of $174.12 billion, a P/E ratio of 19.19, a PEG ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The business’s fifty day simple moving average is $182.72 and its 200 day simple moving average is $167.72.

Qualcomm (NASDAQ:QCOM) last issued its quarterly 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). The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts anticipate that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s payout ratio is 42.59%.

Insider Activity

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their position. 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. Insiders sold a total of 11,529 shares of company stock valued at $1,991,345 in the last 90 days. 0.05% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QCOM has been the subject of several research analyst reports. Bank of America raised their price objective on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research note on Tuesday, June 23rd. Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a research report on Tuesday, July 7th. Evercore set a $159.00 target price on Qualcomm in a report on Thursday, July 30th. HSBC restated a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Finally, Benchmark cut their price target on Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.