Farringdon Capital Ltd. Sells 10,013 Shares of Qualcomm Incorporated $QCOM

Farringdon Capital Ltd. reduced its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 86.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,595 shares of the wireless technology company’s stock after selling 10,013 shares during the quarter. Farringdon Capital Ltd.’s holdings in Qualcomm were worth $295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. Vanguard Group Inc. increased its position in shares of Qualcomm by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock valued at $19,524,350,000 after acquiring an additional 647,076 shares during the last quarter. BlackRock Inc. bought a new stake in Qualcomm during the second quarter worth about $17,583,115,000. Geode Capital Management LLC boosted its position in Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP grew its stake in Qualcomm by 34.5% in the fourth 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. Finally, Norges Bank bought a new position in Qualcomm in the fourth quarter valued at approximately $2,591,056,000. 74.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of analyst reports. Barclays reiterated an “underweight” rating and set a $180.00 price objective on shares of Qualcomm in a research note on Thursday, July 30th. Argus set a $220.00 target price on shares of Qualcomm in a report on Friday, May 1st. Susquehanna dropped their price target on shares of Qualcomm from $190.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Evercore set a $159.00 price target on shares of Qualcomm in a research note on Thursday, July 30th. Finally, Benchmark decreased their price objective on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $203.63.

Qualcomm Price Performance

QCOM stock opened at $160.75 on Monday. 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 firm has a market capitalization of $168.82 billion, a PE ratio of 18.61, 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 business’s 50 day simple moving average is $178.26 and its 200 day simple moving average is $168.12.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Insider Activity at Qualcomm

In related news, CAO Patricia Y. Grech sold 625 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the transaction, the chief accounting officer directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s 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 transaction, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,325 shares of company stock worth $1,925,859 in the last ninety days. 0.05% of the stock is owned by company insiders.

Qualcomm Company 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.