Sanctuary Advisors LLC Lowers Stock Holdings in Qualcomm Incorporated $QCOM

Sanctuary Advisors LLC decreased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 14.0% in the second quarter, Holdings Channel.com reports. The fund owned 184,694 shares of the wireless technology company’s stock after selling 30,137 shares during the period. Sanctuary Advisors LLC’s holdings in Qualcomm were worth $34,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of QCOM. Torren Management LLC purchased a new position in shares of Qualcomm during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd grew its holdings in Qualcomm by 17,000.0% in the fourth 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 last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of Qualcomm during the fourth quarter valued at about $31,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Qualcomm during the fourth quarter valued at $32,000. Finally, Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm in the first quarter valued at about $26,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In related news, CAO Patricia Y. Grech sold 625 shares of the 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 completion of the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Qualcomm stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares in the company, valued at approximately $3,376,869.84. The trade was a 10.78% 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. In the last quarter, insiders sold 11,325 shares of company stock worth $1,925,859. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Down 1.4%

NASDAQ QCOM opened at $158.53 on Tuesday. The business has a fifty day moving average price of $177.01 and a 200 day moving average price of $168.20. 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 cap of $166.49 billion, a P/E ratio of 18.35, a P/E/G ratio of 14.84 and a beta of 1.65. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) 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 analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio is currently 42.59%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Guggenheim set a $200.00 target price on shares of Qualcomm in a research report on Monday, June 22nd. Cantor Fitzgerald lowered their price target on Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. JPMorgan Chase & Co. boosted their price objective on Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research report on Friday, June 5th. Barclays reissued an “underweight” rating and issued a $180.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Finally, Rosenblatt Securities reduced their price target on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Qualcomm has an average rating of “Hold” and an average price target of $203.63.

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.