Shelter Mutual Insurance Co Lowers Stock Holdings in Qualcomm Incorporated $QCOM

Shelter Mutual Insurance Co reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 30.0% during the second quarter, Holdings Channel.com reports. The fund owned 35,785 shares of the wireless technology company’s stock after selling 15,300 shares during the quarter. Qualcomm makes up 1.4% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 28th biggest position. Shelter Mutual Insurance Co’s holdings in Qualcomm were worth $6,613,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Your Advocates Ltd. LLP purchased a new stake in shares of Qualcomm in the first quarter valued at approximately $26,000. Torren Management LLC bought a new position in Qualcomm in the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings 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 worth $29,000 after purchasing an additional 170 shares during the period. Birchwood Financial Partners Inc. purchased a new position in Qualcomm during the 4th quarter worth $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in Qualcomm during the 4th quarter valued at $32,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on QCOM. Sanford C. Bernstein set a $165.00 target price on Qualcomm in a report on Thursday, July 30th. BNP Paribas Exane lowered Qualcomm to a “neutral” rating in a research note on Wednesday, April 29th. Robert W. Baird set a $400.00 price objective on Qualcomm in a report on Thursday, July 30th. Monness Crespi & Hardt raised shares of Qualcomm to a “buy” rating in a research note on Thursday, June 25th. Finally, UBS Group dropped their target price on shares of Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qualcomm has a consensus rating of “Hold” and a consensus target price of $203.63.

Qualcomm Stock Up 0.0%

Shares of NASDAQ QCOM opened at $160.75 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $168.82 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The stock’s fifty day simple moving average is $178.26 and its two-hundred day simple moving average is $168.01. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The company had revenue of $9.95 billion during 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 revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.3%. Qualcomm’s payout ratio is currently 42.59%.

Insider Buying and Selling at Qualcomm

In related news, CAO Patricia Y. Grech sold 625 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the completion of the transaction, the chief accounting officer owned 208 shares in the company, valued at $33,872.80. The trade was a 75.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 shares were 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 $5,372,106.40. The trade was 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. Over the last ninety days, insiders sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is currently owned by 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.